Word: spanishing
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...first appearance of Fernando Alonso, a Spaniard and former world champion, as a driver for Ferrari's Formula One racing team. Whenever he briefly poked his head out, crowds hooted wildly and waved red Ferrari hats and Spanish flags. Further down the paddock, where the F1 teams park their massive rolling pavilions, journalists were shoving microphones and cameras at another small man, this one all in silver. Michael Schumacher, the seven-time F1 world champion, was coming out of retirement in the livery of his new Mercedes team. The questions were not tough. "How does the car feel, Michael...
...leap into further European economic integration. Euro-zone finance ministers are already putting Greece's budgetary policies under more scrutiny than any member state has ever had to endure - and there are now suggestions that similar measures could be taken with economic policies at the E.U. level. In January, Spanish Prime Minister José Luis Zapatero even called for countries to face "corrective measures" if they under-perform economically, although that idea was quickly shot down by Germany, Britain and the Netherlands. Herman Van Rompuy, the new E.U. President, put forth a more nuanced proposal last month, saying E.U. leaders...
...Hypermusic Prologue: A Projective Opera in Seven Planes” is exactly that—an original hour-long work of contemporary opera featuring music by Spanish composer Hèctor Parra and a libretto by Randall herself...
...blame is certainly going around. Many conspiracists accuse "foreign hands," more specifically Anglo-Saxons, for the Greek and Spanish crises, arguing that they have always hated the euro and are now using their hedge funds and media operations to bring it down. Some suggest that speculators are attacking the euro to block moves toward tougher European Union regulation of the market. Others, like European Central Bank chief economist Jürgen Stark, suggest people are perpetrating a ruse to hide the U.K.'s budget deficit. "It's astonishing to see where most of the criticism of the euro is coming...
Begg sees a deeper purpose behind the blame game, as politicians try to mitigate the public criticism that will accompany the inevitable austerity measures needed to fix the Greek and Spanish economies. "There is an Italian concept of vincolo esterno, or external constraint," he says. "It is a device a canny politician can use to say, 'We must do this or we will be eaten alive.' Although the conspiracy theories are preposterous, they help prepare for the reforms which are needed...