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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

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


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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