As European economies improve, Spain seeks to follow

The best foresight is to see that you can't predict everything. This idea from the famous Swiss philosopher Jean-Jacques Rosseau played out yesterday when second-quarter data was published by Eurostat. According to the rating company, EU economies grew by 0.3%. The EU itself calculated the same growth increase.

Experts predicted growth for Germany, France, the United Kingdom and Portugal, but not to the extend reflected by the EU's statistics office. The figures confirm not only that Europe is out of the recession and that the Franco-German production alliance is strong, but also that predictions from national central banks were not entirely accurate thanks to unexpected domestic consumption.

Portugal deserves special attention. The nation's GDP grew a whopping 1.1%, which is more than any other euro zone country. Spain's economy, which shrank by 0.1% on the quarter, should seek growth as soon as possible. Right now, a booming export business is supporting stagnant domestic consumption.

Cutting salary costs could be an effective method of increasing overall economic growth. It has been of the key factors that led to Spain's economic successes this year. At this point, the government still has work to do in order to galvanize domestic consumer spending and help small- and medium-sized businesses get the financing that they need.