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Investing in Spain 2010

Inside this issue

• Fears that the country’s financial system will be divided into two tiers are rife

• The Basque Country’s rolling green landscapes, wild beaches and a rustic air are an unlikely setting for an industrial powerhouse - -

Content

Recovery elusive but darkest days have passed

Early reforms have helped but there is a long way to go before the country is back on track, explains Victor Mallet

Private equity: Less bank financing but lots of distressed opportunities

Mark Mulligan looks at how the industry is coping with changed circumstances

Finance: Banks and cajas not yet out of the woods

Fears of a two-tier banking system are still rife, writes Victor Mallet

Guest column: Writing is on the wall for gold-plated employee contracts

Unemployment has become the most pressing concern for Spaniards, writes David Mathieson

Seville: Historic city hopes to revive its prosperous past

Andalucia’s capital must compete with Madrid for investment, writes Victor Mallet

Basque Country: Global outlook in industrial heartland

The region has a proud metallurgical heritage, says Mark Mulligan

Property: Well-heeled Europeans home in on top-end dwellings

But the other end of the market is still reeling in the wake of the burst bubble, writes Mark Mulligan

Renewable energy: Cloudy forecast for solar power

Uncertainty over the direction of regulation is holding back the industry, writes Mark Mulligan

Abengoa: International approach puts green group on road to success

Victor Mallet looks at the progress of the ambitious company

Sun and sea tourism model needs a refresh

Part of the current crisis stems from the close link between Spain’s property bubble and the development of coastal and, to a lesser extent, urban tourism, writes Mark Mulligan