We are temporarily a company with no product and no revenue.”… Read More The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions
Most importantly, we have our health (touch wood) and each other… Read More Welcome to Dystopia: My Life Under Lockdown in Spain
“If the situation of generalized panic continues, thousands of businesses, especially small ones, will first enter a liquidity crisis, then close their doors.”… Read More Tourism is 10% of GDP in France, 13% in Italy, 15% in Spain. And Now it’s in Free Fall
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
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
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?
“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
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’
