That’s a feasible interpretation of the authorities’ assault on savings expatriated to Luxembourgois tax-efficient bespoke insurance vehicles, which comes in the context of rapidly falling tax revenues, substantial jitters among investors about the government’s intentions, and ferocious intra-European competition on corporate taxation. I’ve got a small bet that Frankfurt and Brussels will collapse in a heap of expenses claims just before Gordon Brown begs to join the Euro, but it may be a damned close-run thing. [Since we’re collapsing into a new world, space here for Gene Expression’s suggestion that since there is still no cataclysmic personal downside in sight for bankers who screw up (Geithner does nothing in this respect), the only solution is to encourage them to believe that they will be shot.]
- Catalan government insolvent, up $hit creek, etc etc
But leaking the news just after the Mavi Marmara incident meant hardly anyone noticed.
- Evil neo-liberal consumers threaten the book trade
“Fixed book prices are sacrosanct for this government,” said (via David Millán) socialist minister of culture, Carmen Calvo, after a meeting
- % of Spanish electorate not voting for any candidate vs % of electorate voting for winning party, 1977-2011
No tumbrils for Mariano just yet.
- Would you be arrested in Spain if you called for the (re)introduction of the death penalty for corrupt politicians?
Not that I’d dream of doing any such thing.
- Three user strategies in response to Bicing’s failure to devise an adequate redistribution model
Observed today: When all the stations in an area are full (often the case in the port/beach district), leave your bike