Tourism accounted for a quarter of the jobs created since 2013 — but mass-tourism of this type brings its own problems… Read More Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam
Merkel’s Germany is at the heart of the problem.… Read More EU’s Brexit Hypocrisy Has No Bounds
His Toxic Mix: destruction of the lira and a mountain of foreign-currency debt… Read More As Erdogan Cements His Hold Over Turkey’s Economy, Global Investors Begin to Panic
Payback time for the financial sector that was bailed out by taxpayers, the new government thinks. … Read More Banks Squeal as Spain’s New Government Threatens to Do Unthinkable: Raise Taxes on Their Profits
With monetary policy shifting, most governments and banks are unprepared for the change… Read More The Eurozone’s Coming Debt Crisis
Blackstone Group, Cerberus Capital and others face a little problem… Read More Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall?
It turns out that the euro break-up trade isn’t dead — it’s just been hibernating and is likely to return with a vengeance in the months ahead.… Read More Italy On Verge Of Inducing Fresh European Crisis
The bond markets have woken up to the enormity of what is happening in a country that cannot be easily crushed into submission “à la Grecque”, and that is big enough to destroy monetary union… Read More Italy’s Insurgents Defiant as Bond Spreads Surge and EU Threats Build
Tensions continue to rise between Washington and its EU “allies”… Read More US Gives Germany an Ultimatum: Drop Russian Gas Pipeline or Trade War Begins
With impeccable timing, all at the same time… Read More Three External Tailwinds Turn into Headwinds for Spain’s Economy
The Left’s anti-Brexit hysteria is based on a mixture of bad economics, flawed understanding of the European Union, and lack of political imagination… Read More Why the Left Should Embrace Brexit
Not going to be easy, especially for “zombie” companies.… Read More Are European Companies Ready for Life Without Draghi?