Corsetti, Giancarlo; Devereux, Michael P.; Hassler, John; … - In: EEAG Report on the European Economy (2011) 02, pp. 127-145
Spain has suffered a lot from the current crisis and is the first large economy that may find itself in need of fiscal rescue. If this happens it may prove quite damaging to the euro. Yet, since the mid-1990s, Spain was a champion of growth and fiscal stability; its unemployment had fallen...