Spain’s economy is growing faster than any of Europe’s big economies. The International Monetary Fund forecast Spanish growth at 3.1 per cent this year and 2.5 per cent in 2016, about double the average of the 19 euro zone countries. Of course, the centre-right government of Prime Minister Mariano Rajoy is taking most of the credit for the turnaround, citing the success of the labour and banking reforms and the fiscal tightening. “Seeing what is happening to others right now, one has to say: It was worth it,” he said in a recent radio interview.
THE REST OF THE EU AND ESPECIALLY GREECE OUGHT TO FOLLOW SPAIN'S LEAD.