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Spain outperforms Germany and major European economies

The devaluation of the euro to 1.11 against the US dollar helps boost its tourism and motor industries

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Spain's People's Party's acting PM Mariano Rajoy is still trying to cobble together a ruling coalition.

London

FOLLOWING a deep recession four years ago, a steep recovery of the Spanish economy has foiled forecasters.

Indeed, at growth rates over 3 per cent, Spain has outperformed Germany  and other major European countries by a wide margin. The nation, however, still has major

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