Bucking all forecasts, Spain has become the euro zone's poster child. The IMF upped its forecasts for our economic growth for this year and 2015 on Tuesday, and yesterday the OECD echoed praise for the national economy, upping its growth index to 102.5 points and saying that other European countries will stagnate.
People expected Germany to jump ahead. But the traditional driver of Europe's economy saw an awful contraction, comparable to its worst quarters of the crisis. All international organizations are warning of economic problems in Europe, and their voices will continue to sound the alarms when a regional employment summit kicks off tomorrow.