The Spanish Revival
After fighting for its life for the last two years, Spain’s economy finally seems to have moved out of intensive care: the banking sector has been deemed “cured”; demand for Spanish bonds has soared; and Spain can once again raise capital on the market at reasonable interest rates. But more must be done to ensure a stable long-term recovery.
MUNICH – After fighting for its life for the last two years, Spain’s economy finally seems to have moved out of intensive care. The banking sector has been deemed “cured”; demand for Spanish bonds has soared; and the country can once again raise capital at reasonable interest rates on the market. But much more work must be done to ensure a stable long-term recovery.