Word: spain
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...billion to save their vulnerable banking sectors and a further $200 billion in stimulus funding to revive their economies. Although the latter helped the 16-nation euro zone exit the recession in the middle of 2009, it also lifted already lofty deficit levels even higher - and brought Greece and Spain perilously close to default. Late last year, the European Commission put a handful of other nations on alert out of similar fears, including France and Ireland...
...ugly? Greece is already scrambling to lower its deficit of nearly 13% to the E.U. ceiling of 3% by the end of 2012 under a European Commission plan to be endorsed on Wednesday. Spain is similarly promising to slash its deficit of 11.4% to just 3% by 2013, although the country - which is still reeling from the recession, with unemployment of nearly 19% - has been vague about how it will do that beyond proposing $69 billion in cost-cutting measures over the next four years. Last month, French officials somehow managed to sound proud when they announced that France...
Ehrlich, who graduated from Harvard in December 2009, arrived in Spain last Thursday to play for the Valencia Firebats, a professional football team in Valencia...
...season ends in June, and Ehrlich may stick around for some time to see Spain and Europe. As for a career in Spanish football, he doesn’t think...
...annual international culinary conference, the news is all about chefs, and no news is bigger than that of Ferran Adrià, the chef of elBulli, reputedly the best restaurant - and the toughest reservation - in the world. To the accompaniment of dozens of flashing cameras and a live feed for Spain's main television channel, one of the masters of the culinary universe declared that he would be closing his restaurant to the public for two years beginning...