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Analysis and Comment (19)

Historical records will be vital in deciding who has a Sephardic Jewish heritage and is therefore potentially eligible for Spanish citizenship. Historical records will be vital in deciding who has a Sephardic Jewish heritage and is therefore potentially eligible for Spanish citizenship. Flickr/michalska1

Spain moves to right a 522-year wrong, but still overlooks some

The Spanish government has approved a draft law that grants citizenship to Jews whose ancestors were expelled over 500 years ago. This follows the approval of a similar law in Portugal last year. In 1492…
Could a new method of measuring structural deficits mean easing austerity pressures on troubled Eurozone economies? Could a new method of measuring structural deficits mean easing austerity pressures on troubled Eurozone economies? Chema Sanz via Flickr

Potentially less austerity for the troubled Eurozone

The EU Commission’s autumn economic forecasts are due tomorrow. What makes this event special this year is that there are rumours about a possible change in the Commission’s approach to calculating the…
In a show of solidarity, Catalans formed a 400km human chain to call for independence. How realistic are their chances of success? In a show of solidarity, Catalans formed a 400km human chain to call for independence. How realistic are their chances of success? EPA/Toni Albir

Catalans link up for independence … but will it happen?

An extraordinary event took place in Catalonia yesterday. Some 1.6 million people formed a human chain that covered the full stretch of the Catalan territory from north to south (400km), in a symbolic…
But I don’t speak Spanish! But I don’t speak Spanish! Wikimedia Commons

After 300 years, more monkey business on Rock of Gibraltar

Once again Britain and Spain have been at loggerheads this week over a 2.6 square mile rock which the former has occupied and the other complained about for 300 years. It would be over-egging things to…
Once feted as ‘conquistadors’, Spain’s banks now have problems closer to home. Once feted as ‘conquistadors’, Spain’s banks now have problems closer to home. marciofleury

Spanish banks on the verge of a nervous breakdown

As in the movie that led Pedro Almodóvar to become an internationally famous film director in the late 1980s, Spanish banks have been “on the verge of a nervous breakdown” during the 4 last years, facing…
As Spanish Prime Minister Mariano Rajoy considers a bailout from the European Central Bank, commentators argue over whether the root of the country’s economic troubles sprang from its housing bubble, rather than prolifigate public spending. As Spanish Prime Minister Mariano Rajoy considers a bailout from the European Central Bank, commentators argue over whether the root of the country’s economic troubles sprang from its housing bubble, rather than prolifigate public spending. AAP

The cautionary tale of Spain’s real estate bubble

Spaniards Fernando and Sara got married in 2007. With the help of their parents, the couple bought a house in the outer suburbs of Sevilla because they couldn’t afford one closer to the city. An art history…
The Basque cooperative Mondragon has remained resilient, despite Spain’s deepening economic slump. The Basque cooperative Mondragon has remained resilient, despite Spain’s deepening economic slump. Flickr\Fagor Automation

The Mondragon model: how a Basque cooperative defied Spain’s economic crisis

Back in the early 1980s, the former Secretary of State for Education in Harold Wilson’s Labour government, Shirley Williams, alerted me to a remarkable instance of regional economic development through…
Spain’s Prime Minister, Mariano Rajoy, is under pressure to formally request a bailout from the European Central Bank. Spain’s Prime Minister, Mariano Rajoy, is under pressure to formally request a bailout from the European Central Bank. AAP

Spain at the crossroads: should it opt for a bailout?

Up until fairly recently, Spain was a story of economic success. It was an example of how the periphery of Europe was quickly catching up with the core. Between 1995 and 2007, Spanish real GDP grew at…
Fair contest: should we tinker with the rules in a free market? Fair contest: should we tinker with the rules in a free market? AAP

The AFL’s lesson for the global economy: changing the rules works

We all know the global economy is down the toilet. Even if we overlook the financial debacle in Greece, Spain, Iceland, Ireland – and that’s not easy – the big problem is Uncle Sam. Currently, the US Government…
Germany’s triple A rating has been given a negative outlook by ratings agency Moody’s, amid ongoing woes in Greece, Spain and Italy. Germany’s triple A rating has been given a negative outlook by ratings agency Moody’s, amid ongoing woes in Greece, Spain and Italy. AAP

From the periphery to the core: the unstoppable journey of the Euro debt crisis

On 23 July, the rating agency Moody’s put the triple A debt of Germany, the Netherlands, and Luxembourg on a negative outlook. The day after, the outlook on the European Financial Stability Fund was also…
Campbell Newman’s linking of Queensland’s dire financial situation with that of Spain saw quite a backlash, but is there an underlying element of truth? Campbell Newman’s linking of Queensland’s dire financial situation with that of Spain saw quite a backlash, but is there an underlying element of truth? AAP

Perfect one day, bankrupt the next? Queensland’s missing fortune

Comments by Campbell Newman that Queensland was on the way to bankruptcy are, unfortunately, true. His comment that “Queensland does not have the money…” is globally true - but clearly specifically arguable…
Show of unity: Spain’s King Juan Carlos (centre) supported austerity cuts by Prime Minister Mariano Rajoy - but expressed concern about their impact on Spanish youth. Show of unity: Spain’s King Juan Carlos (centre) supported austerity cuts by Prime Minister Mariano Rajoy - but expressed concern about their impact on Spanish youth. AAP

Spain faces brain drain as its youth looks for a future abroad

Half of Spain’s youth (that is, those under the age of 25) are now officially unemployed, while overall unemployment in Spain stands at 24.4%, according to the latest figures released by the Spanish Institute…
Spanish Prime Minister Mariano Rajoy: banks are bailed, but just a brief respite? Spanish Prime Minister Mariano Rajoy: banks are bailed, but just a brief respite? AAP

Spanish bailout buys time for eurozone - but only a little

The positivity off the weekend’s news that Spain’s banks will receive rescue loans of up to 100 billion euros from eurozone finance ministers appears short-lived. Despite it being well-received in Asian…
Generation Nothing: Spanish protestors against austerity in Cadiz. Generation Nothing: Spanish protestors against austerity in Cadiz. Aleksandra Hadzelek

Spain: dispatches from the frontline of the indignados movement

This week marked the first anniversary of the 15-M movement, a precursor of Occupy movements worldwide. 15-M again mobilised its supporters for a 4-day long program of street protests culminating in a…
Plans by Spain’s new conservative government to push through deep labour reform has provoked protests, as it struggles to tackle its soaring unemployment rate. Plans by Spain’s new conservative government to push through deep labour reform has provoked protests, as it struggles to tackle its soaring unemployment rate. AAP

Spain strikes against TINA, as the Eurozone watches on

Spain’s general strike last week has sent a clear message to other Eurozone countries about how challenging it may be to implement labour market reform. The strike was mostly peaceful, with the exception…
The Occupy movement: different agendas, but united by the right to civil disobedience. The Occupy movement: different agendas, but united by the right to civil disobedience.

#Occupy movement: different aims, but united by the importance of civil protest

The “Occupy” movement has swept the world in the last five weeks, as seems appropriate in this year of demonstrations by people tired of a clapped-out status quo. Of course, the Occupy movement is quite…
15-M started in Spain, but it has sparked protests around the globe. 15-M started in Spain, but it has sparked protests around the globe. EPA/Jesus Diges

15-M back on Spain’s streets as protest goes global

This weekend Spain will see the return of its “revolution”. Those involved in the 15-M movement will once again take to the streets en masse to demand urgent reforms. Under the motto “united for a global…
The protest which started here in the Puerta del Sol in Madrid in mid-May has now swept throughout Spain. The protest which started here in the Puerta del Sol in Madrid in mid-May has now swept throughout Spain. AAP/Pedro Armestre

How Spanish outrage could transform Europe

On 15 May 2011, one week before Spanish regional and municipal elections, young people gathered on Madrid’s Puerta del Sol square to start a protest known as 15-M movement. It has since acquired a universal…