Basta! After two years of reforms, Spaniards are all too familiar with the deadly ritual Europe’s strategy to fight the crisis has become. Every new reform package adopted is praised by European institutions and met with a pat on the back. Then, when recession looms, unemployment jumps again and risk premiums keep rising, Spaniards are asked to face yet more austerity. If and when you question whether the strategy amounts to a self-inflicted recession, you are told not to worry and encouraged to be patient and wait for the results. If faith is defined as the capacity to believe without seeing, Spaniards are being asked to replace politics and...
I'm not sure why anyone found the outcome of the first round of the French presidential election a surprise – it was always expected to result in a Sarkozy/Hollande run-off. Even so, it has helped unsettle markets anew. The... more ››
It is often said that travel broadens the mind. Not so for finance ministers gathering in Washington DC this week for the spring meeting of the International Monetary Fund and G20. For them, the agenda will seem wearily ... more ››
Assunta Linza, a petite 33-year-old, and her father Giovanni, 60, graying and with the build of a bulldozer, are sitting on the family sofa in a northern suburb of Rome. Assunta is an old Catholic name that her father picked... more ››