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Spain

'Rays Of Hope' For Spain's Economic Prospects?

If you believe recent headlines, Spain is going the way of Greece. But maybe things aren't really as bad as all that. One Zurich-based economist sees reasons for cautious optimism and thinks a little help from the European Central Bank could go a

Protests against labor reforms in Madrid (gaelx)
Protests against labor reforms in Madrid (gaelx)
Matthias Chapman

ZURICH -- The headline on the website of the German newspaper Handelsblatt proclaimed: "Spanish flu infects the financial markets." It was just one of many recent headlines blaring negative news about crisis-stricken Spain, prompted by the rise in Spanish 10-year bond yields. For the first time since last November, these jumped above 6%. For Greece and Portugal, 7% pushed things over the top.

However, Jörn Spillmann, head of international economics at the Zürcher Kantonalbank, is not as pessimistic on the subject of Spain. "There are rays of hope," he said, pointing to labor market reforms and the possibility that the government could intervene to take control of finances in some of its autonomous regions.

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Coronavirus

The Main COVID Risk Now: Long COVID

Death rates are down, masks are off, but many who have been infected by COVID have still not recovered. Long COVID continues to be hard to diagnose and treatments are still in the developmental stage.

Long COVID feels like a never-ending nightmare for those who suffer from it.

Jessica Berthereau

PARIS — The medical examination took longer than expected in the Parc de Castelnau-le-Lez clinic, near the southern French city of Montpellier. Jocelyne had come to see a specialist for long COVID-19, and exits the appointment slowly with help from her son. The meeting lasted more than an hour, twice as long as planned.

“I’m a fighter, you know, I’ve done a lot of things in my life, I’ve been around the world twice… I’m not saying this to brag, but to tell you my background," says the 40-year-old. "These days, I’m exhausted, I’m not hungry, I no longer drive, I can’t work anymore, I have restless legs syndrome.” She pauses before adding sadly: “I can’t read anymore either.”

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