This paper analyses the effects of the current economic crisis on the domestic, foreign and transatlantic relations in Spain. It also focuses on the economic and political reforms undertaken in response to the crisis, its impact on the country’s foreign policy agenda and advances a series of policy recommendations to help prevent the crisis from undermining the transatlantic relationship.
Spain will undoubtedly require external financial help from its European partners, as well as more time and flexibility to achieve its fiscal targets. But it also has a number of strengths that are too often overlooked.
There is hardly a glimmer of light in Spain’s long tunnel of recession, very high unemployment and rising bad debts in the banking sector. This Working Paper looks at the current situation, the progress that has been made and the challenges ahead.
This document forms part of ‘Spain’s Global Presence and Company Brands Atlas’ which will be published by the Leading Brands of Spain Forum in the autumn. (Updated 15/10/2012).
Every crisis has a silver lining. Spain’s four-year recession, apart from anaemic growth in 2011, has produced an unprecedented surge in exports, helping to lower the trade deficit and contributing to a turnaround in the current account. But for how long can this be sustained?
Spain’s fall from grace is exaggerated. The image is out of sync with reality, yet the perception, for many, is the reality.
23 - 29 of 34 pages