Spain
What Everyone Needs to Know®
William Chislett
From Our Blog
Spain will receive a tsunami of money from the European Union's COVID-19 pandemic recovery fund if it meets the strict conditions. The magnitude of the amount can be judged from the fact that it is more than the $12 billion Marshall Plan (equivalent to '¬112 billion today).
Posted on November 4, 2020
Read the blog post
Spaniards are celebrating with some fanfare the 40th anniversary of their democratic constitution that was approved overwhelmingly in a referendum on 6 December 1978, sealing the end of the 36-year dictatorship of General Francisco Franco, the victor of the country's civil war. Whichever way one looks at it, Spain has been transformed profoundly since then.
Posted on December 6, 2018
Read the blog post
Spain is living through sad times. The Catalan parliament's illegal proclamation of an independent state has sparked the most serious constitutional crisis since the failed coup in 1981. But unlike that crisis, this one has no easy solution. All the stereotypes that Spaniards are incapable of living together, epitomised by the 1936-39 Civil War, are being reinforced.
Posted on November 2, 2017
Read the blog post
Forty years ago today (20 November), General Franco, the chief protagonist of nearly half a century of Spanish history, died. 'Caudillo by the grace of God', as his coins proclaimed after he won the 1936-39 Civil War, Generalissimo of the armed forces, and head of state and head of government (the latter until 1973), Franco was buried at the colossal mausoleum partly built by political prisoners at the Valle de los Cados (Valley of the Fallen) in the Guadarrama mountains near Madrid.
Posted on November 20, 2015
Read the blog post
By William Chislett Spain has a new king, following the abdication of King Juan Carlos earlier this month in favour of his son, Felipe VI. The move comes at a time when Spain is emerging from a long period of recession with an unemployment rate of 26%, a tarnished monarchy, a widely discredited political class, and a pro-independence movement in the region of Catalonia.
Posted on June 19, 2014
Read the blog post
By William Chislett The Spanish economy roared along like a high-speed train for a decade until it slowed down dramatically in 2008. Only recently has it emerged from a five-year recession. But the jobless rate has tripled to 26% (four times the US level) and will not return to its pre-crisis level for up to a decade. Why is this?
Posted on May 27, 2014
Read the blog post
By William Chislett The good news is that Spain has finally come out of a five-year recession that was triggered by the bursting of its property bubble. The bad news is that the unemployment rate remains stubbornly high at a whopping 26%, double the European Union average.
Posted on March 25, 2014
Read the blog post
By William Chislett The installation of a concrete reef by Gibraltar in disputed waters off the British territory, which is designed to encourage sea-life to flourish, was the final straw for Spain, which has long claimed sovereignty over the Rock at the southern tip of the country.
Posted on September 5, 2013
Read the blog post
By William Chislett There is only a glimmer of light in Spain's long unemployment tunnel after five years of recession. This is because a new economic model has yet to emerge to replace the one excessively based on the property sector, which collapsed with devastating consequences.
Posted on August 14, 2013
Read the blog post
