With comets illuminating the night sky above Madrid, and thousands gathering in the Puerta del Sol to demand the restoration of the Republic, with political parties and big business spectacularly mired in corruption and Isabel Pantoja collapsing in court – it’s not entirely surprising that coverage of Spain’s asparagus harvest has been relatively low-key. But readers may have noticed that the cost of asparagus spiked recently. This was because heavy rain in Granada province, where about 80 percent of Spanish asparagus comes from, destroyed almost a fifth of the crop in the first quarter of the year, and the shortage sent prices through the roof. Interestingly (if you look at things in … [Read more...] about Tales for Tapas: The price of asparagus
spain economy
Resign? You must be kidding
When is it appropriate for a public figure to resign? After displaying gross incompetence? In the wake of evident policy failure? Being caught up in criminal acts? It’s not always clear-cut. Sometimes resignation is an option, but not necessarily the only one. An apology might be just as fitting, or a temporary withdrawal from front-line exposure to the limelight. But in the last few weeks in Spain, there have been several cases that would seem to offer strong candidates for the sack. The most recent is that of Alberto Núñez Feijóo. On Sunday, El País newspaper published photographs showing that the Partido Popular’s premier of Galicia had been a good friend of Marcial Dorado Baúlde, … [Read more...] about Resign? You must be kidding
Do EU migration trends put Spain’s health and pensions system at risk?
According to The Economist’s Buttonwood, “desperate times require desperate measures”. I am sure this is right, times in Spain are certainly getting desperate and many of the measures being implemented in Brussels, far from being radical look much more like continually closing the door after the horse has bolted. The issue Buttonwood draws our attention to in the blog post accompanying this statement is that of migration trends within the euro area and the impact these have on trend GDP growth and structural budget deficits in the various member countries. This is an important issue indeed, since such movements seem to be an unforeseen and largely unmeasured by-product of the current … [Read more...] about Do EU migration trends put Spain’s health and pensions system at risk?
Ladies and gentlemen, the next prime minister of Spain…?
Should María Dolores de Cospedal weather the latest corruption allegations to hit the Popular Party (PP), there’s every likelihood she will progress from being its secretary general and premier of the regional government of Castilla-La Mancha to replacing Mariano Rajoy in the top post and go on to become Spain’s first female prime minister. Cospedal’s rise has been rapid. Born in 1965, she grew up in Castilla-La Mancha, training as a government lawyer after finishing university, and joining the Labour Ministry in 1997 after José Maria Aznar ushered in the first PP administration the previous year. During the PP’s two terms in office she moved up the ladder, making it to under-secretary … [Read more...] about Ladies and gentlemen, the next prime minister of Spain…?
Tales for Tapas: Turning points
Bowing to a campaign that gathered one-and-a-half million signatures, the People’s Party this week dropped its opposition to a debate on legislation intended to mitigate the social and financial impact of home evictions. The parliamentary initiative follows a rise in suicides associated with mortgage foreclosures – a shocking barometer of the human cost of economic austerity. Under the new measures, social housing would be made available to families that have been evicted, and mortgages would be cancelled when homes are handed over to the bank. Some argue that market forces will restore prosperity as long as they are allowed to work and that remedial social programmes are no more than … [Read more...] about Tales for Tapas: Turning points
Spain’s King Juan Carlos seeks to stem the opprobrium
Not so long ago, the boos that echoed around Vitoria’s Buesa Arena on the arrival of King Juan Carlos for the basketball Copa del Rey final at the weekend would have surprised many Spaniards and scandalised quite a few others. Such an open display of hostility towards the monarch would have been almost unthinkable. And yet on Sunday, when the booing was so loud that the playing of the national anthem ahead of the game between Barcelona and Valencia was cut short, it no longer seemed all that surprising or shocking, such is the sliding esteem of the Spanish royal family. The most defining moment of the reign of Juan Carlos now looks so far away it could be from another era. In 1981, the … [Read more...] about Spain’s King Juan Carlos seeks to stem the opprobrium
Has Spain’s economic contraction become self-perpetuating?
Spain’s political leaders are in cheerful mood at the moment. According to the country’s Economy Minister Luis de Guindos, the Spanish economy will return to growth in the second half of 2013. “The perception of the Spanish economy has improved and will continue to do so over the coming weeks and months,” he told his audience at the World Economic Forum in Davos. Earth-shattering it will not be, but grow it will, he insisted. Perhaps, he suggested, the economy will be stationary in the third quarter, with very slight growth in the fourth. And quite possibly he is right. The core of the problem is whether any faltering growth emerging in the last three months of the year will be sustained … [Read more...] about Has Spain’s economic contraction become self-perpetuating?
The next Spain
There’s an overwhelming consensus all across Spain that “we can’t go on like this”. Yet there’s an equally determined belief within the Rajoy government that we can, and in fact will, go on like this until it somehow gets better. Which means that someone – either the government with its faith that everything will come out well, or the entire population of the country, who believe that it won’t – has got it wrong. In this article I will take it as an assumption that the existing state of Spain will not be able to survive long enough to hold general elections again in 2015, and that therefore Rajoy’s Partido Popular government will be the last of the 1978-model Kingdom of Spain. How will … [Read more...] about The next Spain
Rajoy’s difficult year
A year after he took office on December 21, 2011, many Spaniards would be forgiven for asking: who is Mariano Rajoy? His first 12 months in power have been so full of contradictions that a clear image of the Spanish prime minister is yet to emerge. His conservative Partido Popular (PP) has one of the biggest congressional majorities Spain has seen. And with it, his government has embarked on one of the boldest reform programs of the democratic era, with opponents frequently accusing it of authoritarianism. Yet still Rajoy is seen as hesitant and equivocal, a politician being led by events and EU orders, rather than leading his people. “Mariano Rajoy governs without his own voice, … [Read more...] about Rajoy’s difficult year
Businessman’s arrest highlights Spanish corporate failings
The arrest of the former head of Spain’s employers’ association should come as a shock. Sadly, it is more likely to be interpreted by the international community as yet another indication of the many deep-rooted and extensive problems that afflict this country, the most important of which is a lack of transparency in politics and business, along with a failure to implement corporate governance practices. Anybody with a passing interest in the business dealings of Gerardo Díaz Ferrán will not be surprised to learn that on top of all the other charges he faces, he has now been accused of fraudulent conveyance and money laundering relating to the sale of the Viajes Marsans travel group in … [Read more...] about Businessman’s arrest highlights Spanish corporate failings