COLUMN Argentine Makes Good On SCH Patagon Deal There's a saying in Spain, that goes something like this: Buy a braggart for what he's worth, but sell him for what he says he's worth.

COLUMN Not As Gloomy As It Looks At Endesa When news is bad, sometimes you just have to sit back and ask if it can get any worse.

BARRON'S Brazil Woes Reverberate In Spain Banks Fears of a "Samba Effect" were temporarily alleviated with the International Monetary Fund's $30 billion rescue package aimed at restoring investor confidence in Brazil, and forestalling a possible default on that country's $264 billion in public debt. But uncertainty over the country's presidency falling into the hands of a left-leaning candidate in October is still spilling over into the markets.

FEATURE Spanish Companies Cautious On Venezuela As Chavez Quits Despite news that Venezuelan President Hugo Chavez has resigned, investors and Spanish companies are cautiously calm.

FEATURE Spain Outruns EU Average In Growth League Spain continues to outstrip the European Union average for economic growth despite the downturn after Sept. 11, data Wednesday are expected to show.

COLUMN SCH Investors Like News Even If It Is Bad Just because you ignore something doesn't mean it will go away.

COLUMN Is Sol Melia Running Out Of Excuses? The Spanish hotel and resort company is just the latest in an already long list to find its bottom line hurt by a downturn in the global economy since September 11.

COLUMN Repsol Confusion No Help To Investors This was a big quarter for Repsol-YPF (REP): as investors were waiting to see how the company was weathering economic troubles in Argentina.

COLUMN Iberia Niche Play A Winner Will It Last? If you're not a frequent traveler to Spain or Latin America, chances are you may never see one of Iberia's airplanes.

COLUMN Telefonica Serves Up Sweet And Sour Meal In a spate of mea culpas, Telefonica admitted it not only miscalculated Europe's readiness for 3G services - and spent a pretty penny for that mistake - but that it has effectively put on hold its plans for rolling out 3G operations in Austria, Germany, Italy and Switzerland.

COLUMN Spanish Companies Dodge Lat Am Jabs For Now Spanish stocks have looked punch-drunk since the start of the year, reeling from a one-two blow: the combination of struggling economies in Latin America plus global equity pessimism.

COLUMN Spaniards Forget To Mind The GAAP Investors can't really be blamed for being confused as many Spanish companies report their 2001 earnings reconciled to U.S. generally accepted accounting principles, or GAAP.

COLUMN Corp Governance Takes On Spain Enchufes There's no doubt about it, corporate governance is the flavor of the day.

FEATURE Iberia Celebrates75 Years As Stk Continues To Take Off Happy Birthday Iberia. Spain's flagship airline turns 75 today.

EU SUMMIT Leaders Stress Stability Growth Pact Commitment European leaders reiterated Saturday their commitment to the European Union's Stability and Growth Pact and at the same time, voiced their conviction that the region's economy is on the upswing.

FEATURE Future Of Spain Recol Networks Still Dogged By Past Somewhere in the dot.com boom, Spanish Internet company Recol Networks lost EUR29 million.

COLUMN Repsol YPF Starts Paying The Piper It's easier to get into debt than get out of it - a lesson Spanish energy giant Repsol-YPF is learning the hard way as it's essentially forced to sell the family silver to reduce debt.

FEATURE Spanish Inflation Refuses To Play Dead Once again Spanish inflation has shown no desire to sit down and play dead

COLUMN Has SCH Been Reading Too Much Machiavelli? Spain's SCH (STD) has ripped a page from Machiavelli and knifed Spanish construction company Dragados (E.DRC) in its financial back, if not ending its very existence.

EURONOMICS COLUMN Spain CPI Oil Price Cast Doubt On ECB Target Spanish inflationary pressures, coupled with the threat of rising oil prices, suggest the European Central Bank may have to acknowledge its 2% headline inflation target for the euro zone is unattainable.

FEATURE Chewing On Spanish Inflation Fudge Who cares any more about Spanish inflation figures?

FEATURE Spain Inditex Earnings Prompt Deep Splits On Valuation Spanish fashion retailer Inditex may have reported 2001 net profit up 31%, and ahead of expectations, but opinion is sharply divided on the stock's valuation

FEATURE Spanish CPI Has Politicians Trading Blows The government has stumbled into a full-scale political controversy over the national inflation data, published earlier Wednesday.

FEATURE EU Balancing Blood Quality And Supply A Difficult Act The European Union is caught in a balancing act of squaring the guarantee of vital blood supplies within a traditionally altruistic framework of volunteer donorship.

COLUMN Sun Shines In Spain But Not On Sol Melia It's almost impossible to walk down a city street without bumping into gawking strangers - and 2001 was a record year, with almost 50 million tourists arriving in pursuit of sun, sand and sangria, making Spain the second-most visited country in the world.

COLUMN Fretting About Funding Hurts Jazztel Spain's Jazztel PLC (JAZZ) has cracked open Pandora's box.

COLUMN Is Dragados In Love Or Just Desperate? Jilted lovers often make rash decisions. Moping around is common, but so is the urge to rush into the arms of others - and things get even more complicated when two cast-off "amantes" link up.

INTERVIEW Spanish Blood Company Probitas Plans IPO Spanish blood and plasma company Probitas Pharma is close to announcing a market listing this year.

COLUMN Admira Soap Opera May Run And Run "Like sands through the hourglass, so are the days of ..." Admira? Yes, Telefonica SA's (TEF) media unit could soon be making soap operas.

FEATURE Spain Pharmaceutical Stocks Look To2003 Many of Spain's health science companies, a sector often overlooked by investors, have 2003 in their sights.

FEATURE Repsol Asset Sale Wins On Timing Not Price Grupo Repsol-YPF's (REP) EUR662 million sale of 86% of its Indonesian assets to China's CNOOC Ltd. (CEO) is a well-timed deal, although the price won is at the lower end of valuations, said analysts.

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