by Don Quijones • • Comments Off on Wreckonomics: Troika Accelerates Demolition of Spain’s Economy
The people must pay” if they want to maintain the current levels of public services, warned James Daniel, the man in charge of the IMF’s mission in Spain, who, as an employee of the IMF, pays no income taxes to any country.
by Don Quijones • • Comments Off on For Love Nor Money: The Bank That Nobody Wants To Buy
By Don Quijones: The Spanish government is desperately trying to offload one of the bailed out, nationalized, and supposedly fully restored banks. The problem: no one wants it.
by Don Quijones • • Comments Off on Spanish Judge Crosses Line by Sending Bank CEO to Jail
By Don Quijones: The Spanish magistrate Elpidio Silva is just about the only judge in the Western hemisphere to have sent the CEO of a bailed-out too-big-to-fail bank to jail. Turns out, that was huge mistake.
by Don Quijones • • Comments Off on Liars, Damned Liars, and Spanish Banks
By Don Quijones: “Spain’s banks are back on track,” the Spanish Banking Association announced to great fanfare. That’s the official story. But these banks reported financial results that “bear no relation to reality.”
by Don Quijones • • Comments Off on Another Day, Another Political Scandal In Spain’s ‘Mafia State’
By Don Quijones: Political corruption has already become synonymous with political leadership in Spain. But now there’s a spectacle of political hubris and impunity so farcical and obscene that it leaves no doubt in one’s mind: Spain is run by a mafia state!
by Don Quijones • • Comments Off on Peaceful Indignation Turns to Violent Rage in Rajoy’s Spain
By Don Quijones: It was the first nationally coordinated grassroots response to repressive social and economic policies and widespread corruption of Spain’s ruling political caste. But it descended into violence– as the government is playing a dangerous game.
by Don Quijones • • Comments Off on Which Country Is Europe’s Biggest Narco State?
By Don Quijones: Revelations of a dirty, big business in Europe, and of the role banks play to make it possible. In fact, during the financial crisis, European banks “were as good as saved by the global drug trade.”
by Don Quijones • • Comments Off on Jitters Mount Over Prospect of Catalonian Independence
“You’re making a grave mistake,” the CEO of Catalonia’s megabank La Caixa allegedly told Catalonian President Artur Mas. Like many big shots, he’s fretting over the prospect of independence from Spain – an existential threat to the region’s banks.
by Don Quijones • • Comments Off on Banker Farce: Spanish Bank CEO Launches Moral Crusade Against Political Corruption
By Don Quijones: “We have to fight corruption in order to build a new model of more sustainable and fairer growth,” pontificated the CEO of BBVA, a Spanish TBTF bank.
