Contributed by Don Quijones: Not a day goes by without a new political scandal breaking in Spain. Just the last few days, King Juan Carlos’ daughter, La Infanta Cristina, was charged with aiding and abetting her husband in his myriad scams to embezzle money from the public purse. Now ties to a known drug trafficker hit the governing party, the Partido Popular.
In 1994, decades of economic mismanagement reached their nadir in the Mexican Tequila Crisis, an event which should have served – but patently didn’t – as a portent of the financial storms now buffeting Europe.
Contributed by Don Quijones: A cardinal rule that visitors should observe at all times in Mexico City is to avoid catching random taxis on the streets. Pick the wrong one and, at best, you will be abusively overcharged. Or you may be whisked away to some neighbourhood where the taxi driver’s partner(s)-in-crime will be waiting. But this taxi ride was different.
Contributed by Don Quijones: The stark reality facing millions of Spaniards, Italians, Greeks, and Portuguese is hidden, buried deep under a mountain of economic data, massaged to suit the purposes of the central planners-in-chief. But this is the story of a dying breed: self-made entrepreneurs and small business owners here in Spain.