Spain
Santiago Train Crash: What, No Speed Governor?

Santiago Train Crash: What, No Speed Governor?

Only China has a more extensive high-speed train network than Spain. On Wednesday night at least 80 people were killed when a high-speed train, rounding a curve, flew off the rails in Santiago de Compostela, Spain. Reuters reports: El Pais newspaper said the driver...

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The Spanish Bank Bailout: Digging a Deeper Hole

“I’m going to see the European cup having resolved the situation,” claimed Spanish Prime Minister Mariano Rajoy on Sunday, after a bailout of the country’s banks worth up to €100 billion was announced. The Spanish team drew, but the Spanish people continue to lose – paying for a crisis that has left them with “not much bread, and terrible circus” (Poco pan y pésimo circo), in the words of a Spanish rap-rock song that sounds more apt today than when it was recorded over 15 years ago.

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Annotate This: EU Response to Argentina’s Nationalization

Annotate This: EU Response to Argentina’s Nationalization

Despite being immensely popular among the people of Argentina, the Argentinean government’s decision to nationalize the YPF oil company has continued to come under attack by those who obstinately promote extractive capitalism. The measure would nationalize YPF and restore 51 percent of the company’s ownership to Argentina. It would thus end sister company Repsol’s 57.4 percent majority stake in the company.

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