The two countries also share the experience of running big, expensive, religious, materialistic and messy democracies in which central governments are constrained by powerful states.
Although central governments tend to stand back, local authorities have become much more sophisticated and generally insist that a regeneration scheme forms part of broader development plans.
What may have tipped it over the edge is the disclosure last week that Spanish regions, led by Valencia, will need loans from central governments so that they can repay their debts (some 15bn euros of Spanish regional government debt comes up for repayment in the second half of this year).
Indeed, Central Asian governments often create a choke-hold on economies, preventing entrepreneurship that can lead to wealth creation.
But the Central American governments are not solely responsible for the countries' problems.
To some extent, this process is now co-ordinated with Central American governments.
Most Central American governments are ill-equipped to tackle the mayhem.
Central American governments are working together in some security operations.
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Central American governments do not collect enough tax revenue to provide the rudiments of a modern state: security, education and health for their people, and transport infrastructure to allow their economies to reap the full benefit of their privileged position close to the United States.
The U.S. also has special operations teams conducting training missions in central Africa, where governments in Uganda, the Central African Republic and the Democratic Republic of Congo are combating the Lord's Resistance Army, a regional Islamist militia.
Between them, China's central and local governments own over 100, 000 companies and implicitly favour many more.
Many yearn for conditions that are so troubled that central banks and governments will be spurred to ease more.
For anyone doing business in China, understanding the relationship, differences and interplay between the central and local governments is critical.
Central banks and governments do have to intervene when credit growth and asset prices (particularly in property) start dancing their toxic two-step.
Banks are too reluctant to risk antagonising national central banks and governments.
So the economy may be very reliant on action by central banks and governments and may slump once that support is taken away.
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For two decades, China's central and provincial governments have used such policies to entice multinational car makers to partner with Chinese firms and manufacture locally.
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Central banks or governments could not tamper with monetary creation.
So today there exists a roadmap towards much more aggressive support by the European Central Bank for governments like Spain struggling to borrow through its planned Outright Monetary Transactions (OMT).
He said he was grateful for the support given to the banking sector from central banks and governments, but stressed that Barclays had not taken any direct support from the taxpayer.
The railway ministry in Beijing has dictated the plans, state-owned banks have provided the loans and a collection of companies owned by the central and provincial governments are responsible for making it all happen.
Germany was said to be more comfortable with this idea, since it didn't involve any central bank financing governments directly, and it would formally keep the credit risk off the balance sheet of the ECB.
The first is that consumers (and companies) are encouraged to borrow, not save, thanks to the low level of interest rates and a belief that central banks and governments will always rescue them if things go wrong.
Freeport said as recently as April that it would voluntarily divest itself of a 9.4% stake at fair market value, an offer it has made in the past to both the central and provincial governments, but no deal has taken place.
The ability to successfully wind your way through the multitude of reefs and shoals to an excellent, yet admittedly imperfect, solution is a central skill of governments at their best and one that is becoming an increasingly needed attribute for top corporate leaders.
Governments and central banks have supported the recovery with huge fiscal deficits and near-zero interest rates.
He believes in a federal system--a central government and local governments that have genuine powers.
These rules are, however, near useless if governments or central banks circumvent them in other ways.
In several Central American countries, governments have long had a reputation for corruption.
The countries of central Europe and the governments of Italy, the Netherlands and Denmark are also in the Atlanticist camp.
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