See the picture above? It’s a lady in a white car. Nothing unusual there, right? Well, not quite. For starters, the lady is a queen. A real one.
Before I clarify the picture, let me set the scene. Spain is in the middle of economic turmoil. Its credit rating was cut to AA, it pushed through a €15b austerity plan with just one vote and is having trouble overhauling its labor market (which is considered to be one of the most inflexible in Europe). So, suffice to say, money’s too tight to mention, as someone once said. Unless … (Read More…)