Suprime Autoloans in the U.S. Are Blowing Up
Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities… Read More Suprime Autoloans in the U.S. Are Blowing Up
Category: Spain
Spanish Intelligence Knew of Terror Cell Ahead of Barcelona Attack, Say Reports
Imam who masterminded the 2017 strike had been acting as an informant. The day after the Barcelona and Cambrils attacks, the intelligence file on the imam was reportedly wiped out… Read More Spanish Intelligence Knew of Terror Cell Ahead of Barcelona Attack, Say Reports
Busted Housing Bubble 1 Morphs into Housing Bubble 2 in Spain?
Madrid, Barcelona, other markets are well on their way. But some markets are still crushed… Read More Busted Housing Bubble 1 Morphs into Housing Bubble 2 in Spain?
Unemployment in Spain Still Miserably High Despite Six Years of Economic Growth
“The worst labor market” on the planet: unemployment exceeded 20% in three downturns over the past 35 years.… Read More Unemployment in Spain Still Miserably High Despite Six Years of Economic Growth
Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets: UBS
Spanish banks expanded aggressively into Emerging Markets to flee the consequences of the euro debt crisis… Read More Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets: UBS
Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year
The acquisition created the world’s biggest toll-road operator. But it was costly. And one of the acquirers, Atlantia of Italy, is now in trouble because its bridge collapsed, killing 43 people… Read More Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year
All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money
The banks claim they’re complying with anti-money laundering regulations. … Read More All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money
‘Not Every Option Is on the Table’: EU Leaders Reject Idea of US-Led Military Intervention in Venezuela
“What is explicitly quite clear, from our point of view, is that we need a peaceful political and democratic and Venezuelan-owned resolution of this crisis,” said an EU spokesperson. “This obviously excludes the use of force.”… Read More ‘Not Every Option Is on the Table’: EU Leaders Reject Idea of US-Led Military Intervention in Venezuela
Catalan Crisis Risks Making Spain ‘Ungovernable’
The prime minister of Spain has called early general elections for late April, the third such ballot in less than four years in an increasingly fragmented partisan landscape and with Catalonia’s independence push dominating the political debate. … Read More Catalan Crisis Risks Making Spain ‘Ungovernable’
Spanish Grocery Giant Unveils Big Losses, Teeters on Brink of Bankruptcy, after Allegations of Accounting Fraud
What could this mean for one of its big creditors, the ECB?… Read More Spanish Grocery Giant Unveils Big Losses, Teeters on Brink of Bankruptcy, after Allegations of Accounting Fraud
Uber, Cabify “Evicted” from Barcelona as Turf War with Taxi Drivers Gets Ugly
Will Madrid be next?… Read More Uber, Cabify “Evicted” from Barcelona as Turf War with Taxi Drivers Gets Ugly
Brexit’s Ironic Twists Hit Spain’s Biggest Industry
Peak Tourism” has already set in. Brits account for 22% of tourists in Spain. Now add Brexit… Read More Brexit’s Ironic Twists Hit Spain’s Biggest Industry
