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
Spanish business
Venezuela’s ETA haven tests limits of soft diplomacy
A characteristic of the current Spanish government’s foreign policy has been a softly-softly approach to potentially explosive issues. Prime Minister José Luis Rodríguez’s old nickname, ‘Bambi’, may now be out of date on the domestic front, but on the international stage, he still treads with the caution of a deer through the woods. Since angering George W. Bush by withdrawing Spanish troops from Iraq on taking office in 2004, Zapatero and his foreign minister, Miguel Ángel Moratinos, have often gone to great lengths not to upset their counterparts –in Morocco, Cuba and France, to mention just three examples– through their soft diplomacy. Lately, however, their tolerance has been … [Read more...] about Venezuela’s ETA haven tests limits of soft diplomacy