Remember When Spain Was Down And Out?

Mercedes Benz seems happy enough building cars there now, for instance. Then you’ve got the current Greek government

Spain

The European Central Bank is predicting that Spain will be one of the economic drivers of Europe in 2015. Powered by a cheap euro and low interest, economic growth is predicted to rise by 2.3 percent this year. The Spanish government is expecting one million additional jobs for 2014 and 2015.

Along with Portugal and Ireland, Spain represents an example of how an economic crisis can be turned into an opportunity. These countries’ experiences show that a nation can recover its economic competitiveness through painful reform, even in a monetary union.

As a result, Spain — especially in the eyes of liberal economists — represents the counterpoint to Greece, which has gotten entangled in its national battle against economic relegation and is losing ever more time with its recriminations against the rest of the euro group.

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