Daily commentary: On Spain’s death spiral and the nationalism of depression

Spain is involved in two stories today that point to the difficulties that surround sovereign governments that are overindebted in foreign currency. There are a ton of Spanish-language links for that reason.

In Argentina, the story is about Spain's oil giant Repsol having it's stake in Argentina's YPF being forcibly taken by the Fernandez de Kirchner government in Argentina. This is a populist move which brings Argentina ever closer to Chavez in Venezuela and definitely reminds us that the co...


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