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Inside this issue
• The Spanish banking system is undergoing one of the biggest upheavals in its modern history
• Few can deny the extent of Spain’s young, jobless ‘lost generation’, as tens of thousands graduate into a stagnant economy - -
Content
Hard slog to reach sunlit uplands
Victor Mallet finds plenty of people defending Spain’s performance so far but they all agree there will be a tough few years ahead
Banking system: Regional savings institutions consolidate
The ‘cajas’ network has been at the forefront of reform, says Victor Mallet
Economy: Country takes pains to avoid a bail-out
Most urgent are deficit reduction and reform of the labour market, writes Victor Mallet
Tourism: Food, festivals and history to replace sun, sea and sand
The industry has to adapt to a drop in demand for bulk beach bookings and focus on what makes Spain a unique destination, writes Miles Johnson
Property: Few signs of respite in a long chain of misery
Miles Johnson reports on efforts to promote real estate in a cold climate
Education: Young failed by system in need of structural adjustment
Miles Johnson reports on the frustration of graduates without jobs
Food: Cuisine is given its due by world critics and diners
El Bulli restaurant has revolutionised the field, says Victor Mallet
The ties that bind Catalonia
Secessionists tend to ignore Catalonia’s economic links to the rest of the country, writes Pankaj Ghemawat
Guest column: Causes of unemployment epidemic lie within borders
A deep structural crisis has led to youth unemployment of 45 per cent
