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
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
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
“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
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’
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
Will Madrid be next?… Read More Uber, Cabify “Evicted” from Barcelona as Turf War with Taxi Drivers Gets Ugly
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
Soaring rents outran tenant wages, which can’t last… Read More Multifamily Rentals Were Best Asset Class in 2018 in Spain, But Now Rents Are Heading South
A lot of money is at stake.… Read More Wall Street Mega-Landlord Blackstone Turns Screw on Spanish Government & Property Market
After years of dodgy accounting and mismanagement.… Read More Resurrected Abengoa & Construction Giant OHL Flirt with Collapse
There’s nothing like a sympathetic Supreme Court.… Read More Flip-Flop of Prior Flip-Flop by Spanish Supreme Court Flip-Flops Bank Stocks
