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Bank loans at 'unimaginable' interest rates: How the Spanish press became corrupted

A new book from the former editor of El Mundo describes a culture of corruption in Spain's press. In exchange for favorable coverage of politicians and corporations, bribes.

Protest against corruption

People carrying placards against Popular Party during a demonstration against corruption.

Marcos del Mazo/LightRocket via Getty Images
  • David Jiménez, former editor of El Mundo, recently published a book called El Director that describes the rampant corruption he saw while running the newspaper.
  • The corruption of Spanish press is symptomatic of a larger issue with corruption that is on-going in Spain.
  • Most recently, the People's Party was ousted from power after a massive corruption scandal, leading to the rise of the Spanish Socialist Worker's Party. However, whether El Mundo can escape from the culture of corruption it experienced under the previous regime remains to be seen.


Spain has had to face numerous challenges in recent years. It has just emerged from a major corruption scandal, the transition of the government to a new political party, and the rise of far-right parties as well. Now, David Jiménez, the former editor of El Mundo, has accused the newspaper of accepting bribes and favors in exchange for favorable coverage of corporations and government officials in his latest book, El Director (The Editor).

Until recently, Spain was ruled by the conservative People's Party (PP), which was consumed by corruption scandals. Between 2015 and 2016, for instance, 1,378 government officials were put on trial for corruption charges. This is part of the reason why the PP lost control of the government to the Spanish Socialist Worker's Party (PSOE) in 2018, but even the PSOE has had their share of scandals.

Consequently, Spaniards see corruption as the second-greatest challenge facing the country, aside from unemployment. Indeed, that this nation-wide corruption has spread to the press, which frames public narratives, is more than disconcerting.

The "Accords"

Ex-editor of El Mundo and author of El Director, David Jiménez. Image source: Wikimedia Commons

Jiménez's book dives into what it's like to live and work under this regime of corruption. As the editor-in-chief of El Mundo, Jiménez often found himself navigating between his journalistic duties and the pressures of the media executives who had contributed to forming what are known as "the Accords." The following are excerpts from an English translation of El Director:

"The 'Accords,' as the pacts negotiated by the press with large corporations were known, had saved the traditional daily papers during the Great Recession. These were a system of favors in which, in return for the papers receiving more advertising money than they deserved in terms of circulation or market impact numbers, they offered friendly coverage, whitewashed the images of the heads of the big corporations, and exempted those firms and figures from bad news."

Under the Accords, favorable coverage could result in financial rewards, but they could also take the form of less boldly corrupt compensation:

"Free meals in the best restaurants, cars lent out for indefinite periods, and bank loans at interest rates unimaginable to other mortals were the order of the day. A former board member of Banco Popular told me that the company's policy was to 'keep the financial reporters happy' with mortgages at below-market rates to assure friendly coverage. The firm later went belly-up, despite having maintained an image as the best-managed bank in the country for decades."

Questioning the press's credibility

It's not the first time that El Mundo has come under fire. After the Madrid train bombings that killed 191 commuters in March of 2004, El Mundo reported that the separatist group ETA was responsible for the bombings. The ETA is a violent leftist group with the goal of gaining independence for Basque Country, which covers part of northern Spain and southern France. The narrative that the ETA was responsible for the attack was favored by the PP and El Mundo.

However, considerable evidence exists that jihadists were responsible for the attack instead. The ETA denied involvement, while al Qaeda took responsibility for it, and Spain's official inquiry into the subject attributed the attacks to an al Qaeda-aligned terrorist cell. Despite the evidence, however, El Mundo persisted in laying blame to the ETA long after the evidence began working against them. This spin on coverage has sown conspiracy theories and doubts about the bombings, as a consequence.

As both the ETA and the PSOE are to the political left of the PP, this was a useful narrative, especially since an election was scheduled three days after the attack. The coordination between El Mundo and the PP presented in El Director paints their mutual agreement on the narrative of the Madrid attacks in a suspicious light.

However, the Spanish press now exists under a different political landscape. The PP's prime minister was ousted in a no-confidence vote following a massive corruption scandal that has been described as Spain's Watergate, leading to the rise of the PSOE, currently Spain's ruling party. However, the far-right Vox party has also been gaining power. It is unclear whether newspapers such as El Mundo will be free from corruption under the PSOE, or even whether the PSOE will retain power long enough for this question to matter.


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Steinberg is a co-author of a study just published in the journal Nature that presents a series of clever experiments that allowed researchers to measure the amount of time it takes tunneling particles to find their way through a barrier. "And it is fantastic that we're now able to actually study it in this way."

Frozen rubidium atoms

Image source: Viktoriia Debopre/Shutterstock/Big Think

One of the difficulties in ascertaining the time it takes for tunneling to occur is knowing precisely when it's begun and when it's finished. The authors of the new study solved this by devising a system based on particles' precession.

Subatomic particles all have magnetic qualities, and they spin, or "precess," like a top when they encounter an external magnetic field. With this in mind, the authors of the study decided to construct a barrier with a magnetic field, causing any particles passing through it to precess as they did so. They wouldn't precess before entering the field or after, so by observing and timing the duration of the particles' precession, the researchers could definitively identify the length of time it took them to tunnel through the barrier.

To construct their barrier, the scientists cooled about 8,000 rubidium atoms to a billionth of a degree above absolute zero. In this state, they form a Bose-Einstein condensate, AKA the fifth-known form of matter. When in this state, atoms slow down and can be clumped together rather than flying around independently at high speeds. (We've written before about a Bose-Einstein experiment in space.)

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Scientists not involved in the research find its results compelling.

"This is a beautiful experiment," according to Igor Litvinyuk of Griffith University in Australia. "Just to do it is a heroic effort." Drew Alton of Augustana University, in South Dakota tells Live Science, "The experiment is a breathtaking technical achievement."

What makes the researchers' results so exceptional is their unambiguity. Says Chad Orzel at Union College in New York, "Their experiment is ingeniously constructed to make it difficult to interpret as anything other than what they say." He calls the research, "one of the best examples you'll see of a thought experiment made real." Litvinyuk agrees: "I see no holes in this."

As for the researchers themselves, enhancements to their experimental apparatus are underway to help them learn more. "We're working on a new measurement where we make the barrier thicker," Steinberg said. In addition, there's also the interesting question of whether or not that 0.61-millisecond trip occurs at a steady rate: "It will be very interesting to see if the atoms' speed is constant or not."

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