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Spain: The Recession May Be Ending But The Crisis Continues

Hugh, E., (2013), “Spain – The Recession May Be Ending But The Crisis Continues”, www.EconoMonitor.com, 9 Σεπτεμβρίου.

My feeling is that it’s totally unrealistic to expect a ‘return to the old reality’. We are now in a change of paradigm process.

We all need to change our expectations and find ways to live with the new situation, since whether we like it or not we will have to. There is no quick fix – these have all been tried and failed – and Spain is now condemned  to going through a painful long-term shift. The country will have to deal with its legacy debt.