One of the obstacles to profit in Europe: supposedly high employee wages.
Photos of the Barcelona rioting were widely distributed in the world press, especially in financial coverage, but you don't see many photos of the hundreds of thousands peacefully demonstrating in Madrid, Barcelona and Valencia, with their massed red flags and standards of the leftist national unions, looking quite photogenic in the haze of a fine spring day. Evidently,. the old Commie scare doesn't do the trick anymore.
The financial markets, real drama queens, make money with scare stuff, and the pornography of violence blown out of proportion beats peaceful red-flag waving these days.
