Miles Johnson

With Spain’s economic crisis in the forefront of global news, it would be fascinating to see what a reporter of Henry Buckley’s stature would have made of its current predicament. He was the Daily Telegraph’s man in Madrid from 1929, who for a decade furiously filed dispatches from all corners of the country as its young democracy sparked, and eventually burst into civil war — finding time to swap stories with Hemingway over whiskies in between. His eyewitness account of this conflict was never to see the light of day in book form after the London warehouse storing the copies awaiting distribution was bombed in 1940.

To Spaniards, the English must appear a highly contradictory people. The stereotype of the restrained, well-dressed gentleman (Spain’s largest department store is El Corte Inglés, ‘the English cut’) must contend with the binge-drinking phalanxes of tourists occupying Spain’s beaches every summer. Though generally thought to be fairly law-abiding, the English are still, mostly affectionately, referred to as pirates in Spain — a term dating back to Drake’s raids against Philip II. This dissonant, slippery persona is central to Eduardo Mendoza’s novel (winner of the prestigious Planeta prize), set on the eve of the Spanish civil war.

That the rise of a powerful coterie of Russian billionaires overlapped with Britain’s transformation into an offshore tax-haven is unlikely to escape the notice of both countries’ future historians. Indeed it is entirely plausible that had successive British governments in the 1990s been less amenable to foreign wealth, this book would have been entitled Genevagrad rather than Londongrad. Mark Hollingsworth and Stewart Lansley raise interesting questions about how the rocketing price of property, contemporary art and even private school fees of early Noughties Britain, fuelled by a steady supply of roubles, contributed to the bubble preceding the bust.