Spain in the World May 11st 2013 Edition

Samuel Aranda for The New York Times

This week edition, Bankia,  unemployment, spanish languaje in USA and others.

New York Times talks about Bankia, a bank born from a fusion of some former "Cajas de Ahorro" a couple of years ago, now has its shares almost worthless after be sold at €3,75 when they went to the stock market.
The "Cajas de Ahorro" were managed by politicians, to give and promote credits to governments of "Comunidades Autónomas" in the good times, later most of them were close to bankruptcy. But what now small investors are complaining about it is because whom would suppose to control financial system, it failed them. The Spanish Central Bank and other regulatory bodies did not say anything about the truth worth of Bankia´s shares.
WSJ comes back again with a subject from almost every week, unemployment. When the European Central Bank has the lowest interest rates in history the Economy does not seem to recover yet.

With all the measures and actions to try to go out of recession, I still have a question within Spanish market, Why nobody is talking about inflation? 2.43% last March. Does nobody know what that mean in a short term?

All of this and more in a new edition of Spain in the World