It has been a huge surprise that, according to a recent analysis (pdf) conducted by consulting firm Oliver Wyman, Spanish … Continue reading “Resolving the Spanish banking crisis”

Living on debt is a Western disease which has been fuelled by the universalisation of inconvertible paper money. Obviously, Spain … Continue reading “OMT programme will prolong Spain’s economic crisis”

Madrid’s persistent pressure for the European Central Bank (ECB) to monetise part of its debt is necessarily a self-defeating strategy. … Continue reading “The ECB cannot save Spain”

Although the Spanish government refuses to tell the truth to the citizenry, both the government and the banks have clearly … Continue reading “The Spanish bailout is no solution at all”

It is not austerity but the threat of insolvency that is killing peripheral economies such as Spain. Since it has … Continue reading “Bringing back the peseta won’t solve Spain’s problems”