INSIGHT-Two things missing on Spain's route to recovery

Newswire

By Michael Stott MADRID, May 24 (Reuters) - Spanish officials tell a dramatic turnaround story: from near-bankruptcy a year ago to model of budget austerity and reform now. There are just two things missing: jobs and growth. And only one potential salvation: exports. Ministers reel off a litany of statistics to show how much has been achieved: the budget deficit has been cut from 11.2 percent of GDP in 2009 to 6.98 percent last year. Some ...

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