Spanish Fly

I've been lucky enough to do a lot of my business in Spain over the past decade.

Spain is a wonderful country that reformed itself from a dictatorial period and brought a huge amount of wealth to its people, but the recent election of the right of centre Popular Party has instigated cuts that make me worry for the future of this great country.

As everyone in Europe worries about Greece, Italy or Ireland, I believe that Spain will be the nemesis of the EU. The stringent right wing policies being implemented are pouring oil onto a fire.

What Spain needs is labour market reforms, not cutbacks. I suspect the PP might not be popular for much longer...