Europe

It’s Getting Uglier in Spain

With attention riveted on the disintegration and “rescue” of Italy’s banks, other crises go unnoticed, including the gathering problems in government-less Spain.

Is the ECB out of Control?

It all began when Slovenian Police, acting on an insider tip, raided the headquarters of the central bank and a state-owned bank. €257 million in bank bailout money is alleged to have disappeared. How much money could be made to disappear in Italy’s bank bailout?