It’s all part of a broad trend aimed at curtailing cash services… Read More Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
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?
With impeccable timing, all at the same time… Read More Three External Tailwinds Turn into Headwinds for Spain’s Economy
War-on-Cash Backlash.… Read More Cash Refuses to Die, But the €500-Note Is a Goner
But there’s a problem with the plan.… Read More Spain’s Government Unveils Cunning Plan to Allay Banking-Related Jitters
Doubts emerge as to who is saving whom.… Read More After Years of Crisis in Spain, Pensioners Next to Feel the Pain
When locals can’t afford to live there anymore… Read More The Backlash to Spain’s New Property Boom Has Begun
Taxpayer-funded subsidies to benefit banks, real estate agencies, construction companies, PE firms, and landlords.… Read More Spain’s Government Presses Property-Bubble Rewind Button
“Spain has sailed through the 20th century in a complete blank when it comes to demographic policies, and there is no hint that this will be corrected,” Julio Vinuesa, a demographer at Madrid’s Autónoma University, warns.… Read More Spain's Population Is Shrinking At 72 People Per Day
The European Court of Justice refused to listen. The European Court of Justice just delivered a landmark ruling that could cost Spanish banks – or Spanish taxpayers, in case of another bailout – billions of euros: 40 out of Spain’s 42 banks will have to refund all the money they surreptitiously overcharged borrowers as a… Read More Nightmare Before Christmas for Spanish Banks
“An honest politician is one who, when he is bought, will stay bought.” The above quote is from the 19th century American senator Simon Cameron, who served as Abraham Lincoln’s Secretary for War for less than one year before being forced to resign over… yes, you guessed it, corruption charges. At least Cameron was consistent… Read More Political Trust in Spain at Lowest Point Since Franco