Word: spain
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...reform at the heart of his austerity plan, and says his government is serious about fixing the roots of his country's current economic predicament. He says Greece will tackle its deficit without the deep government-wage or job cuts that other heavily indebted European countries, like Ireland, Spain and Portugal, have recently announced. Instead, Athens will pursue tax evaders. "Greece's problems," Papandreou told journalists at a press conference marking his first 100 days in office, "are due to waste, corruption and lack of respect towards...
Here Come the PIGS Greece faces an immediate crisis. but there are fears that other weak euro-zone countries could follow. Portugal, Italy and Spain also have large untaxed economies and, like Greece, face huge budget deficits that have raised concerns...
Widespread evasion feeds the Greek attitude that only the stupid pay taxes. Little wonder that Greece's tax revenue is among the lowest in the European Union, 19.8% of GDP (excluding social security) compared to an E.U. average of 26.1%. (Italy's take is 29.1%, Portugal's 24.5%, Spain's 20.7%). Only a handful of E.U. countries - the Czech Republic, Slovakia and Romania - do worse. And none of them use the euro. (Read: "Is the Euro the New Dollar...
...electric-car race is under way in Europe and countries are rushing out their plans for the future - each one more ambitious than the last - in an effort to prove who's the greenest of them all. Spain aims to have 1 million electric or hybrid cars on the road by 2014 (though it hasn't specified how many of each). Britain is trying to persuade Japanese automaker Nissan to make its Sunderland plant the European base for its little electric car the Leaf, and London plans to have 25,000 charging stations hooked up to the grid...
...flag. "I feel very Latin in a way, and Spanish," says von Hohenlohe, who does speak fluent Spanish (as well as French, German, Italian and English). "The Spanish were the ones who came to Mexico in the end, so I do feel Mexican. Naturally I have more ties to Spain, but I'm more of a Latin person. Although our name is very German, and we're a German aristocratic family, we really grew up in more of a Mediterranean way. My look is not very German. People think I'm from Argentina, or, I don't know, Italy...