After glimmers of an upturn earlier in the year, the Greek debt crisis pushed Spain and Portugal’s economies back to the brink. Dominic Carman reports on the Iberian legal market’s precarious balance
“I am really confident in the medium and long-term prospects for the Spanish economy.” So concluded the head of the International Monetary Fund, Dominique Strauss-Kahn, adding that Spain – the fifth largest economy in the eurozone and the ninth largest in the world – is “in a rather good situation” economically. He was speaking on 18 June after a meeting in Madrid with Spanish Prime Minister Jose Luis Rodriguez Zapatero.
