Economics and markets
LIKE many Britons, your blogger spent two weeks in late August in Spain (just south of Barcelona). My knowledge of Spanish is about as rudimentary as Todd Akin's knowledge of human biology. But in theory, this was an interesting opportunity to see how the Spanish economy was coping with the pressure of austerity and bank funding worries. All looked fine; the beaches were packed, as were the bars and restaurants. Two days after my return, however, the regional government (Catalonia) applied to Madrid for €5 billion in aid.
This discrepancy was hardly surprising.