Money trail shows China sticking to bad habits

May 16, 2016

Total credit jumped again in April, suggesting Beijing is making little progress weaning the economy off its addiction to debt. Infrastructure and property investment are still expanding quickly. Despite renewed talk of reform, growth still seems to be the main priority.

How to fix Spain’s real estate problem

November 21, 2011

The country’s main opposition party is mulling the creation of a state-backed bad bank to deal with dud real estate loans. This approach has worked elsewhere. But the government can force entities to own up to losses without saddling taxpayers with the dross.