A Spanish flag flutters above the Madrid Stock Exchange, Spain, June 1, 2016. The Spanish government's 10-year borrowing costs as well as their risk premium over German equivalents are lower than where they started the year. One of the leading investors in Catalonian bonds believes the region’s bid for independence was always legally doubtful.“Greece was a very different story -– the very existence of Greece as part of the monetary union was called into question. “This is very much an internal issue and a national question for Spain. .V2TXSpain was one of the countries that suffered during the euro zone debt crisis of 2010-2012, seeing its debt level jump from 29 percent of GDP to 99 percent currently after having to accept a bailout from the European Union to rescue its banks.It went through years of recession to come out the other end as one of the bloc’s fastest growing countries currently.It is expected to grow at 2.4 percent for 2018, according to the European Commission, well above the euro zone average of 1.8 percent.

Source: Egypt Today November 08, 2017 08:03 UTC