http://www.bbc.co.uk/news/business-24634461
Government austerity measures aimed at cutting Spain's large deficit prompted huge protests across the country last year.
However, the government recently claimed that the end of the recession was near, saying reforms and austerity measures were paying off.
Ignacio del Torre, economist at financial advisory firm Arcano, said: "After recently implemented reforms, Spain has become an export powerhouse.
"It will fully leave the recession behind in 2014 with private investment and consumption growth turning positive after three years of decline and credit levels stabilising," he added.
So, is this because of the austerity measures or in spite of them?
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I don't know the answer to the question, but my guess is that the austerity measures DID help the nation's finances at the expense of individuals. Fascism is on the rise in Spain again.
http://consortiumnews.com/2013/10/19/a-fascist-revival-stirs-in-spain/
On their own, extreme-right parties in Spain have so far been insignificant, although five groups – including violent neo-Nazi cells and a political party that the Supreme Court is considering banning – in July formed a platform called “Spain on the March.” Its leaders have warned they will resort to violent acts if required to preserve Spain’s territorial unity, which they feel is threatened especially by regional independence aspirations.
Secessionist plans from Catalonia, Spain’s economic motor, have served to unite nationalist forces and radical fascist groups, but the most forceful opposition to Catalonian separation is coming from the right wing of the Popular Party, led by former Prime Minister Jose María Aznar.
Last month, a dozen radicals of the new coalition forced their way into a library where Catalonians were commemorating their national day, injuring several people, including legislators, and tearing down Catalonian symbols. Police arrested them in the aftermath, but Catalonians have suggested authorities did little to protect the commemoration.
Also, in September, several rightist groups formed a new coalition to try to gain political representation ahead of European elections.
Police estimate there are about 10,000 Spaniards involved in violent extreme-right groups. But the concern is not so much over these very small violent groups. These are mostly contained, experts agree. The bigger worry is that Franco’s political heirs retain significant influence within the ruling Popular Party and – amid the euro crisis – they could gain greater political clout.
http://www.theguardian.com/world/2013/mar/07/spain-unemployment-bad-franco
Not since the days of Franco has Spain suffered such high unemployment rates
Originally posted by sh76Difficult to tell at this point, since the Spanish economy is still a bit shakey. The Spanish government was top heavy with buearatic pork though.
http://www.bbc.co.uk/news/business-24634461Government austerity measures aimed at cutting Spain's large deficit prompted huge protests across the country last year.
However, the government recently claimed that the end of the recession was near, saying reforms and austerity measures were paying off.
Ignacio del Torre, economist at financial adv ...[text shortened]... lising," he added.
So, is this because of the austerity measures or in spite of them?