The turmoil in Catalonia appears finally to be subsiding thanks to the central government’s intervention this weekend to restore constitutional … Continue reading “What finance can teach us about Catalan independence”

The Nordic countries are usually mentioned in the Spanish political debate as examples of well-functioning and efficient Welfare States where … Continue reading “Misconceptions about the Nordic economies”

In many ways, Spain is the EU’s poster child. The country’s determination to be part of the European project was … Continue reading “A statist agenda would destroy all the gains Spain has made since joining the EU”

Dr Thomas Mayer, Founder of the Flossbach von Storch Research Institute in Germany and ex-Chief Economist at Deutsche Bank, spoke to … Continue reading “An interview with Thomas Mayer”

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”

Europe is riddled with bad debt. In some countries, such as Spain, banking systems are in chaos. In other countries, … Continue reading “We must write off bad debt”