Posts Tagged ‘crisis’

The Spanish Financial crisis and its source, the Spanish Saving Banks

Tuesday, June 12th, 2012

The Spanish savings banks (SSBs) built-up excess capacity and risk concentration influenced by many stakeholders’ interests, including politicians in their decision-making bodies. SSBs were not subject to typical market discipline mechanisms, and blurred competences between the central government and the autonomous provoked the crisis of the Spanish financial system. Read the full analysis by the IMF in the attached documents.



Spanish Crisis Spells Uncertain Future for Gibraltar

Thursday, September 1st, 2011

As reported by Investors Offshore, the already fractious relations between Spain and Gibraltar are expected to deteriorate if the People’s Party is elected, as anticipated, in forthcoming Spanish elections, which have been brought forward to November as a result of the country’s debt crisis. (more…)

Writing Off Debt of dubious provenance vs Raising taxes to asphyxiate the Economy

Wednesday, August 10th, 2011

Events are moving quickly in Europe this week and  politicians are talking rubbish about raising taxes in a state of desperate panicking, instead of addressing the fundamental problem, which in my view is writing off effective bad debt.


Copyright © 2008-2010, León Fernando del Canto - Legal Notices - Contact Us. All Rights Reserved.Entries (RSS) and Comments (RSS).

International Tax Law Barrister, Lawyer, Abrogado & Attorney, Leon Fernando del Canto of Konsilia, offering services relating to international tax planning, tax advice, private clients, international law, serving Spain, United Kingdom, Europe.

Tax Precision is the trading name of León Fernando del Canto Gonzalez, a Barrister regulated by the General Council of the Bar in England and the Colegio de Abogados de Jerez de la Frontera.