Editorial Board

How Spain Fixed Its Economy

The IMF and austerity don't deserve all the credit for Spain's growth.

Things are looking up in Spain.

Photographer: QUIQUE GARCIA/AFP/Getty Images

So economic stagnation is the new European normal, and the southern periphery the euro area's Achilles' heel? Spain just posted its strongest quarterly growth in eight years and predicts 3.3 percent growth for the year as a whole. Maybe there's a lesson here.

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