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



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

They Migrated From Chiapas When Opportunities Dried Up, Orchids Brought Them Home

An orchid rehabilitation project is turning a small Mexican community into a tourist magnet — and attracting far-flung locals back to their hometown.

They Migrated From Chiapas When Opportunities Dried Up, Orchids Brought Them Home

Marcos Aguilar Pérez takes care of orchids rescued from the rainforest in his backyard in Santa Rita Las Flores, Mapastepec, Chiapas, Mexico.

Adriana Alcázar González/GPJ Mexico
Adriana Alcázar González

MAPASTEPEC — Sweat cascades down Candelaria Salas Gómez’s forehead as she separates the bulbs of one of the orchids she and the other members of the Santa Rita Las Flores Community Ecotourism group have rescued from the rainforest. The group houses and protects over 1,000 orchids recovered from El Triunfo Biosphere Reserve, in the southeastern Mexican state of Chiapas, after powerful storms.

“When the storms and heavy rains end, we climb to the vicinity of the mountains and collect the orchids that have fallen from the trees. We bring them to Santa Rita, care for them, and build their strength to reintegrate them into the reserve later,” says Salas Gómez, 32, as she attaches an orchid to a clay base to help it recover.

Like magnets, the orchids of Santa Rita have exerted a pull on those who have migrated from the area due to lack of opportunity. After years away from home, Salas Gómez was one of those who returned, attracted by the community venture to rescue these flowers and exhibit them as a tourist attraction, which provides residents with an adequate income.

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