Spain

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Spain’s tax on sunlight – the candle makers’ tax?

In the mid-2000’s Spain embarked on a solar power revolution: 2008 alone saw solar-energy capacity increase by 400%, accounting for half of the world’s new solar-power installations[i]. Yet five years on, many of Spain’s solar-energy companies are on the verge of bankruptcy as revenues and demand plummet. What happened to cause such a rapid fall from grace in the industry once dubbed ‘renewable-energy’s Cinderella’[ii]?

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The Euro Crisis (Continued): Time to make a choice?

It is now July 2012, almost three years since the chain of events that set in motion what is now called the Euro Crisis and surprisingly enough, the world is still waist deep in the middle of it. In my previous article I attempted to diagnose what was causing the breakup and why there was so little action taken, and regardless of whether it was for those reasons, just from looking at the EUR/AUD exchange rate it’s easy to see that the situation has been deteriorating continuously ever since the end of the global financial crisis and despite several attempts to change things, it has not really improved.

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The Euro Crisis: Why Greece is broke but Germany won't do anything about it

Source: Dirk Vorderstraße

Anyone reading the news lately would’ve surely caught on that something is amiss in Europe: The so called ‘PIGS’ (Portugal, Ireland, Greece and Spain), and especially the Greeks have been on the edge of default for months, causing  rumours that the Euro may be headed to the scrap heap.  If any of you still remember, the Euro was introduced with great fanfare nearly ten years ago which was supposed to promote closer ties both politically and economically for the EU members in the Euro-zone (The sub-group in the EU that uses the Euro as their currency).  So why then, has the Euro’s health deteriorated to such a sickly state?

Read moreThe Euro Crisis: Why Greece is broke but Germany won't do anything about it