Is Spain close to the edge or at the end of the tunnel? - en.ElConfidencial.com
Let me start from the end. We are arriving, slowly and with enormous difficulties, at the end of the tunnel. We simply dont know it because the light at the end of the tunnel is not back to 2007. The end of the tunnel does not mean growing at 3 percent per annum, more debt, the stock market back at highs and holidays in Marbella. I expect a tough decade of adjustments and depressed Full Story »
Posted by Daniel Lacalle
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