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From Spain – 19th March March 26, 2013

Posted by WorldbyStorm in Economy, From Spain, The Left.
42 comments

A week late, my fault entirely. Here’s ejh’s take on the events in Cyprus and their possible ramifications.

This is what’s wrong with the Cyprus nonsense. It’s not the complexities that matter here so much as the simplicities. A bank, for most of us, is simply where you put your money. There’s no “moral hazard”. You’re not seeking to get something for nothing. It’s a necessity. You can scarcely operate as a citizen, and not at all as a business, without one. You are not making a bet with it. You’re not buying shares with it. You’re not making any statement about the soundness or prospects of the bank, which you are simply not in a position to know about. It is not supposed to be an act which entails any responsibility. Making a bet with it is precisely what you are not doing.

There’s something that I think is often forgotten in all this…

From Spain: 10 March 2013 March 11, 2013

Posted by WorldbyStorm in From Spain.
1 comment so far

As ejh notes: this week: Wheel of fortune.

Among other things, Sheldon Adelson’s megalomaniac plan to reproduce las Vegas in Madrid, and a useful rule of thumb in the field of Capitalism Studies.

From Spain: March 3rd 2013 March 4, 2013

Posted by WorldbyStorm in From Spain, Uncategorized.
1 comment so far

As ejh notes:

“It is hard to get a receipt in Spain.”

I read this claim in a piece on the BBC a couple of weeks ago, written by one Pascale Harter. It was a surprising thing to read, because it is not hard to get a receipt in Spain. I get at least one every time I go shopping.

From Spain: 23rd February 2013 February 26, 2013

Posted by WorldbyStorm in Economy, European Politics, From Spain, The Left.
7 comments

As ejh notes: “The failed coup of 1981, today’s mass protests on the anniversary and a mysterious mock-execution in a mountain village in 1984.”

What we did and didn’t see.

From Spain: 17 February 2013 February 18, 2013

Posted by WorldbyStorm in From Spain, Uncategorized.
1 comment so far

As ejh says, after a week out of action, here’s You’d Know What A Draghi It Is To See You. Mario Draghi’s bizarre visit to the Spanish parliament, at which neither microphones nor cameras were permitted.

From Spain: February 2 February 4, 2013

Posted by WorldbyStorm in From Spain.
1 comment so far

As ejh says…This week: we’re going to catch a big one. The Spanish government corruption scandal.

From Spain: January 27 January 28, 2013

Posted by WorldbyStorm in Economy, European Politics, From Spain.
5 comments

As ejh says:

More cant of competitiveness this week.

Plight unseen. Why aren’t six million Spanish unemployed reason for a change of course?

And at the heart of the post he asks another question tied to that one.

From Spain: January 20 January 20, 2013

Posted by WorldbyStorm in From Spain.
2 comments

As ejh says: This week: Not saving, but drowning. The current black-money scandal involving the PP government – and the cant of “competitiveness”.

From Spain: January 13 January 14, 2013

Posted by WorldbyStorm in From Spain.
2 comments

As ejh says: This week: Digging In. Alternative economics at a time of mass unemployment.

From Spain: 7th January January 9, 2013

Posted by WorldbyStorm in From Spain.
4 comments

Here’s ejh’s latest missive from Spain, it’s an analysis, or perhaps dissection would be a better term, of business and political corruption in Spain and elsewhere in Europe and how that is impacted, and impacts, on the current financial crisis. It’s great, but sobering.

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