The economy is growing, unemployment is falling – and the Spaniards did not even have to use half of the EU aid to the banks. The Iberians are out of the woods, it seems. But they are far from doing well.
By Reinhard Spiegelhauer, ARD radio studio Madrid
Spain is out of the line of fire for now. The European bailout program – specially put together for the banks – is running out, and nobody is saying any more that the country needs further help. After all, the government has not even used half of the credit line of up to 100 billion euros.