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Spain

As Economy Tanks, Spain Angers European Countries By Issuing Bogus Joint-Statement

EL MUNDO, EL PAIS (Spain)

Worldcrunch

The Spanish stock market started this week at the level registered in April 2003, with a new risk rate record of 643 points, the highest since the creation of the euro, El Mundo reports.

According to El Pais, investors have been once again ruthless with the Spanish stock values.
The Spanish government is trying to tackle this situation with the help of neighboring countries. Luis de Guindos, the Minister of Economy, made a visit to Paris, to meet his French homologue, Pierre Moscovici. A few hours before, he had seen the German Minister of Economy in Berlin, El Mundo reports.

After these meetings, the Spanish government released a joint statement with France and Italy calling for "the immediate implementation of the agreements from the last European Council on June 29 and 29." Soon after the announcement however, the Foreign Affairs Minister in Madrid had to retract the statement, as Italy and France publicly denied making the joint declaration. According to El Mundo, French Minister of European Affairs did not mince his words when he said: "This document is a hallucination." The statement also mentioned the support of Denmark and Ireland for these interventions.

The Spanish and German ministers seemed to reach a better understanding. El Pais reports that after their meeting on Tuesday, the two officials concluded that the high price of the Spanish public debt "does not correspond to the fundamentals of the economy."

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Migrant Lives

What's Driving More Venezuelans To Migrate To The U.S.

With dimmed hopes of a transition from the economic crisis and repressive regime of Nicolas Maduro, many Venezuelans increasingly see the United States, rather than Latin America, as the place to rebuild a life..

Photo of a family of Migrants from Venezuela crossing the Rio Grande between Mexico and the U.S. to surrender to the border patrol with the intention of requesting humanitarian asylum​

Migrants from Venezuela crossed the Rio Grande between Mexico and the U.S. to surrender to the border patrol with the intention of requesting humanitarian asylum.

Julio Borges

-Analysis-

Migration has too many elements to count. Beyond the matter of leaving your homeland, the process creates a gaping emptiness inside the migrant — and outside, in their lives. If forced upon someone, it can cause psychological and anthropological harm, as it involves the destruction of roots. That's in fact the case of millions of Venezuelans who have left their country without plans for the future or pleasurable intentions.

Their experience is comparable to paddling desperately in shark-infested waters. As many Mexicans will concur, it is one thing to take a plane, and another to pay a coyote to smuggle you to some place 'safe.'

Venezuela's mass emigration of recent years has evolved in time. Initially, it was the middle and upper classes and especially their youth, migrating to escape the socialist regime's socio-political and economic policies. Evidently, they sought countries with better work, study and business opportunities like the United States, Panama or Spain. The process intensified after 2017 when the regime's erosion of democratic structures and unrelenting economic vandalism were harming all Venezuelans.

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