Spain’s Ongoing Decade of Self-Delusion
Spain’s Credit Bank, in Madrid. The bank’s name is a little ironic these days, as Spain’s banks have virtually stopped lending, because they’re already bogged down by failed loans, mainly in construction. (Photo Gerry Hadden)
As one economist recently put it, in just a single decade Spain has gone from semi-rural backwater to Europe’s fourth largest economy, and back again.
Will you support The World with a monthly donation?
We rely on support from listeners and readers like you to keep our stories free and accessible to all. Monthly gifts are especially meaningful as they help us plan ahead and concentrate on the stories that matter. Will you consider donating $10/month, to help sustain The World? Thanks for your support!