No one on this forum is saying that these things are lawful in Spain.
The more interesting and relevant question is whether it is right or wrong. The answer to that question is not automatically the same as lawful/unlawful. Even in a democracy.
> Kind of like we look back today on 1987 and think what was that kerfuffle all about.
Between January and December 1987 the S&P500 had a positive return. [0] Yes, there was a big crash in the middle, but if you were not over leveraged and didn't look at your investments except in January/December, this was a year of very ordinary returns.
Certainly no biggy for long-term, pension fund type investments.
The more interesting and relevant question is whether it is right or wrong. The answer to that question is not automatically the same as lawful/unlawful. Even in a democracy.