“Significant economic damage” is a “price worth paying.” Businesses are not so sure.
Tourism is now bigger than construction was during the real estate bubble.
And footloose hot money that has flooded Mexico can quickly dry up.
Even Italian banks are dumping Italian government bonds.
“Why did no executive at the company say, ‘This will come back to haunt us’?”
It’s not just the weather that’s heating up in Spain’s second city.
Where Did All the Workers Go?
Desperate Times, Desperate Measures.
The Global Rentier Economy is now on steroids.
Will Spain’s central government blink (again)?