The "best financial system in the world" (Zapatero dixit) continues making headlines for the wrong reasons

http://www.creditwritedowns.com/2009/04/spains-savings-banks-may-have-40-billion-in-writedowns.html

...and our economy, that was about to surpass Frances's per capita (Zapatero, you're a genious), too

http://ftalphaville.ft.com/blog/2009/04/03/54459/unemployment-spanish-edition/