Spain’s economy is going like a rocket but unemployment is still the dark cloud that hangs over the euro areaPerhaps it was the warmer winter that spurred economic activity in the eurozone, or maybe confidence was boosted by a financial firewall being erected around Greece to protect against a messy default.In truth both have played a role. But more important than either is the relaxation of austerity by a Brussels elite that is keen for Portugal and Ireland, still both committed to paying back their enormous debts, to cope with political instability and recover quickly. Continue reading...
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