Germany and the Euro-Surrealpolitik

This articles reviews the theory behind Optimum Currency Areas and the lack of willingness in the European Union and particularly of Germany to lead the process of political and fiscal unions. With Britain maintaining its euro-skeptical status and France and Italy immersed in political crisis, there remains little hope that the Eurozone will ever become […]

Andalusia’s New Generation?

Andalusia, the largest and most populated Autonomous Community (let me rather say Federal State) in Spain, has recently switched Presidents, from the former José Antonio Griñán to the current Susana Díaz. Many voices claim in Spain’s Socialist Party that a New Generation of leaders is taking over. This article reviews the caliber of this so-called […]

Why Felipe Must Go

This Article explains why Felipe must go or face the challenge of a radical turnaround in governance. Felipe is the son of King Juan Carlos I, the Monarch of Spain since Spain transitioned to democracy from Franco’s dictatorship in the aftermath of his death on November 20th 1975. I was born in 1976. Felipe was […]

Why Some Catalans Are Charlatans

This article explains why some of those who claim that an independent Catalonia from a vintage Spain would be better off than a Catalonia belonging to (a new) Spain might simply be disoriented and biased by non-factual evidence fed by nationalistic sentiment. Nationalistic sentiment must be respected and ought to be encouraged if it respects […]

How to Resolve the Fiscal Problems of Southern Europe?

The Southern European fiscal mess has triggered the crisis on the continent. In January 2010, the European Commission discovered falsifications of the Greek budget statistics (Arganda and Caselli 2012). It undermined investors’ confidence in the country’s debt securities. A sharp increase in bond rates forced Brussels to rescue Greece from default. The Greek government received […]

Why José Saramago Was Right

José Saramago, one of Portugal’s best writers ever and the only one who has been awarded the Nobel Prize in Literature in 1998, anticipated in an interview by Portugal’s Diario de Noticias on July 14th 2007, that Portugal would end up integrating with Spain in a new state he would call Iberia, explaining that: Culturally, […]

Why Spain Sucks

The reason why today’s Spain sucks is straightforward: it is a country of Suckers. Historically this attitude towards southern Europe has been typical of countries like France in the 1980s and 1990s and now Germany. It is time to acknowledge that we have what we deserve. The French used to say in post-World War II […]

Why Spain Will Never Be a True Democracy

Spain is unlikely to become a real democracy in the absence of major changes in the operating system or an upgrade of the operating system itself. It is not possible to understand this statement without having a thorough comprehension of the character or in other words idiosyncrasy of Spaniards as a people. A medical doctor […]

Spain’s Deep Recession

Spain is in Deep Recession not only economic-wise, but from every other point of view. Nothing works well in the Kingdom, not even the Monarchy. Profound changes are necessary if Spaniards wish to have any future at all. Spain’s leadership is broken. The two major political parties are filled with corruption cases and charges. Prime […]

Why the Baltic Recovery Is Not a Success Story for Austerity: Lessons for the US

While EU members along the shores of the Mediterranean struggle with a seemingly endless slump, others who dip their toes in the Baltic are making a strong comeback. As the following chart shows, real GDP growth in the Baltic 3—Estonia, Latvia, and Lithuania—has recently run well above the euro area average. Meanwhile, the Med 4—Greece, […]