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Spain report

Inside this issue

• Gastronomy: Ferran Adria is credited with putting Spanish cuisine on the map

• Pensions: Why the big reforms are not universally popular

• Property: A drop in demand has avoided the economic disaster some envisioned - -

Content

Modernised nation faces uncharted territory

There have been remarkable changes but, asks Leslie Crawford, is the end of the fiesta in sight?

Comment: Pain will follow years of economic gain

Unsustainable divergence in competitiveness necessitates adjustments, says Martin Wolf

Gastronomy: Ferran Adria: Simmering reputation resists boiling over

Leslie Crawford talks to the man credited with putting Spanish cuisine on the map.

Case study: Redundant manufacturing base rises from the ashes

The technology giant has been a leader of regeneration in the Sant Cugat site, writes Mark Mulligan.

Renewable energy: Revolutions turn nation into green leader

Peter Wise on a fortuitous combination of investment and geography.

Madrid stock exchange: Enviable BME prepares for next challenge

Mark Mulligan writes on how one company has profited from change

Case study: Ferrovial: Diversification sees group take to the skies

The construction group saw that Spain was getting too small for domestic construction.

Pensions: Time ticks for reforms

Spain is facing a ‘demographic shock’ but radical policies are not popular, writes Peter Wise.

Water: Industries get hot under the collar

Droughts are causing bickering among regions and sectors, says Leslie Crawford.

Private equity: Buy-out groups signal convergence and charm business

Popularity could create competition with the stock exchange, reports Mark Mulligan.

Research and development: Conceptual seeds need nurturing

Corporate debt: Deals build to defy economic rationale

China’s technological thrust poses formidable challenge

Property: No cigar for the doomsayers

Energy companies: Cheap electricity generates interest