Institute of Economic Affairs

It has been a huge surprise that, according to a recent analysis (pdf) conducted by consulting firm Oliver Wyman, Spanish

Living on debt is a Western disease which has been fuelled by the universalisation of inconvertible paper money. Obviously, Spain

Madrid’s persistent pressure for the European Central Bank (ECB) to monetise part of its debt is necessarily a self-defeating strategy.

Although the Spanish government refuses to tell the truth to the citizenry, both the government and the banks have clearly

It is not austerity but the threat of insolvency that is killing peripheral economies such as Spain. Since it has