> Messy and intrusive litigation will follow as creditors seize assets and obstruct access to capital markets. Spain’s creditworthiness will be downgraded and challenge any notion of Spain as a reliable destination for investment — echoing an historical pattern of confiscation that harkens back to Charles III(opens a new window).
So, for the Financial Times if Spain does put the needs of investors above the ones of the citizens it would collapse.
Except that Spain is expected to outgrow most of the rest of European countries in 2023 and 2024. Reality does not seem to fit this articles proposals. *
It seems that the Financial Times opinion is based in willful thinking. To think that maximizing foreign investors profits over taking care of the local economy is better for a country is naive or malice. Spain is a Democracy with a strong rule of law. If the Financial Times thinks that Spain and Venezuela are in the same situation they should flag their content as propaganda instead of news.
So, for the Financial Times if Spain does put the needs of investors above the ones of the citizens it would collapse.
Except that Spain is expected to outgrow most of the rest of European countries in 2023 and 2024. Reality does not seem to fit this articles proposals. *
It seems that the Financial Times opinion is based in willful thinking. To think that maximizing foreign investors profits over taking care of the local economy is better for a country is naive or malice. Spain is a Democracy with a strong rule of law. If the Financial Times thinks that Spain and Venezuela are in the same situation they should flag their content as propaganda instead of news.
* https://economy-finance.ec.europa.eu/economic-surveillance-e...