Similar to the rest of Europe, Spain's future for 2015 is uncertain. Unemployment in the region and emerging economies means that the recovery hinges on whether recent fiscal reforms worked and whether the risk premium will go down.
Further, there are purely political factors that could also hinder the nascent recovery in Europe. Aecoc president, José María Bonmatí, warned about the effects of Catalonia's quest for independence and widespread corruption. The first issue foments doubt in the minds of investors, and the second will persists indefinitely.
