Corporates invest through the storm in Europe's penninsular

In the past month the eyes of all people interested in global investing and the future of the eurozone were turned on Spain. Many in the international community have become concerned the country could need a bailout, because the bursting of the country’s enormous housing and construction bubble has paralysed much of the banking sector and created mass unemployment.

Mariano Rajoy, the new president, told local radio station Onda Cero a few weeks ago the markets should give his party…