IAI Istituto Affari Internazionali
Published on IAI Istituto Affari Internazionali (https://www.iai.it)

Home > The Pain in Spain

The Pain in Spain [1]

The International Spectator [2]

The Pain in Spain: Light at the End of the Tunnel?

Autori:
Charles Powell [3]
Federico Steinberg [4]
12/12/2012

Much recent international press coverage of Spain's difficulties portrays a country rapidly approaching political, economic and social meltdown. Its economy is contracting, its unemployment rate is at unprecedented levels and its sovereign risk premium hovers at apparently unsustainable levels. Spain will undoubtedly require external financial help from its European partners, as well as more time and flexibility to achieve its fiscal targets. But it also has a number of strengths that are too often overlooked. Spending cuts and structural reforms are proceeding at a lively pace, unit labour costs are falling significantly, and exports and productivity are on the rise. In short, there is light at the end of the tunnel.
Keywords: Spain, crisis, adjustment process

Dettagli

  • Dati bibliografici

    p. 57-63
  • In:
    The International Spectator [2]
  • Numero

    47/4
  • ISBN/ISSN/DOI:
    10.1080/03932729.2012.738513

Link esterni

Buy this article online [5]

Source URL:https://www.iai.it/it/pubblicazioni/c10/pain-spain

Collegamenti
[1] https://www.iai.it/it/pubblicazioni/c10/pain-spain [2] https://www.iai.it/it/pubblicazioni/lista/all/international-spectator [3] https://www.iai.it/it/persone/charles-powell [4] https://www.iai.it/it/persone/federico-steinberg [5] http://dx.doi.org/10.1080/03932729.2012.738513