Saturday, August 04, 2012

Sunny Climate. Massive Debt. Frozen Economy.

Writing in Der Spiegel, Juan Moreno examines what has happened to Spain. An excerpt:

I shake his hand and wish him luck. Barcelona is a beautiful city, much more so than Berlin, Frankfurt or Munich, despite the "For Sale" signs hanging from balconies and the gold dealers opening up shop everywhere to sell the jewelry of desperate Spaniards.

To me, the city feels like the wife of a factory manager who refuses to believe that the company is bankrupt. She still has her fur coat, her diamond ring and her china -- but everyone knows it'll be over soon.

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