I'm not going to address the ridiculous bad faith arguments made in your first two paragraphs.

As to the third, he didn't do anything wrong per se, but he was required to sell off assets to pay debt. This is a simple fact which occurred and the news was required to report on it. If a law existed requiring the news organisation to take down those records after 5 years, that would be entirely reasonable. But that law did not exist in Spain, as evidenced by the fact that the newspaper had been asked and refused to remove the news. It's ridiculous to censor it via Google simply because he doesn't like it. If there's not a lawful basis to remove the article from its original source, there shouldn't be a lawful basis to remove it from Google. (This is different to, say, removing pirate links from Google, because they are illegal and a lawful basis does exist for removing them, even if practical matters around jurisdiction prevent actually enforcing that law.)

There is never a case where a news site in a country should keep an article up, but search engines be required by the Government of the same country to de-index the article.