Spain

Well, according to a popular urban legend, Spain’s unemployment rate - which is the second highest in the EU after Latvia - is currently running at something just a touch over 20%. Or is it? The unemployment problem I wish to address here…

According to a once famous statement by the British Prime Minister Harold Wilson, a week can often be a long time in politics. But when it comes to financial market crises the situation often feels more like a line from the Dinah Washington…

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David Rosenberg is sick and tired of what I call the all bailouts all the time mentality. He writes in today's Breakfast with Dave piece: Ban the Bailout First we have governments bailing out banks (and auto companies and mortgage…

Here are a few interesting tidbits from the Wall Street Journal from around this time in 1931. I missed this one, but it is pretty good historical info. 16 April 1931 Head of Spanish provisional govt. N. Zamora pledged Spain will be…

As Irwin Stelzer argued in a recent opinion article in the Wall Street Journal, Spain’s Prime Minister José Luis Rodríguez Zapatero seems to be an admirer of Charles Dickens's character Mr. Micawber. When asked what he plans to do about…

It’s curious how one and the same message is emanating from both Beijing and Berlin at the moment: “don’t blame us, it’s not our fault”. And it isn’t. According to the Financial Times, the Chinese Authorities spent their morning pushing…

The Bloomberg video is a bit sensationalist in my opinion. But it gets to the heart of the problem in Europe, namely Spain. Spain has an economy and debt which is an order of magnitude larger than Greece. That means that problems in Spain…

David Rosenberg takes on the sovereign debt issue in his latest commentary, highlighting the structural deficits in the U.S. and the U.K. They are actually higher than in Spain or Greece. Greece here, Portugal there. Did you know that…

The following is a post by Marc Chandler, global head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Greek bonds are continuing to recover from the sell-off at the end of last…