Southern Europe’s Woes, Failure of the Welfare State?
Germany, the Netherlands and Sweden are welfare states too yet their economies are highly competitive.
Spain
Spain Downgraded, Bank Bailout Expected Soon
Spain is expected to ask its European allies for help to prop up its ailing banks.
Berlin Really Doesn’t Want a European Banking Union
German taxpayers are resistant to underwriting foreign bank deposits.
Spain Asks European Help to Recapitalize Banks
Finance minister admits that Spain can’t afford to prop up its banking sector on its own.
Spain’s Economic Climate Not Reflecting the Season
Summer is normally the most financially productive time of the year in Spain.
Respite for Spain, Fiscal Challenges Remain
Spain is offered an extra year to reduce its budget deficit, a target its autonomous regions are unlikely to meet.
Ireland, Spain Cast Doubt on Europe’s Austerity Pact
Opposition in Ireland and a worse fiscal outlook for Spain could jeopardize Europe’s fiscal compact.
Fortress Under Siege? Gibraltan Sovereignty in Jeopardy
The Spanish government has signaled an interest in renegotiating the position of the Rock. What’s at stake?
Europe “Essentially Makes Keynesianism Illegal”
Britain stands on the sidelines as the rest of Europe moves toward closer economic and fiscal integration.
Spain’s Deficit Higher Than Expected, Taxes Hiked
Spain’s new government embarks on an austerity agenda with budget cuts and tax increases.
IMF to Save Italy, Spain from Default?
Northern resistance to fiscal union may necessitate a bigger role for the IMF in the euro crisis.
Spain’s Conservatives Claim Historic Election Win
The opposition People’s Party will replace the socialist administration of Prime Minister Zapatero.
European Central Bank to the Rescue
Frankfurt moves to purchase Italian and Spanish sovereign bonds in an attempt to defuse the European debt crisis.
Spanish Conservatives Prepare for Government
Spaniards will probably give the conservatives a majority even though they have few specific economic plans.
Is Austerity Failing?
Paul Krugman doesn’t tell the whole story when he points at Greece to argue against spending cuts.