spain between recovery and deflation

http://www.economist.com/news/europe/21600721-economy-improving-it-still-has-long-way-go-better-not-best

"But reforms by the centre-right government of Mariano Rajoy have also helped Spain to achieve an “internal devaluation” by lowering costs. "

"As jobs return, a virtuous cycle of improved confidence, consumer spending and faster growth could begin."
" Research, technology and skills all lag."


http://www.businessweek.com/articles/2014-04-10/low-bond-yields-in-europe-could-signal-deflation


http://www.businessweek.com/news/2014-04-10/spain-borrowing-at-german-yields-it-s-possible-thanks-to-u-dot-s

"One note of caution. The last time Europe’s periphery was able to borrow at German rates, the spree ended with international bailouts, enforced austerity and investors losing money. Those who forget history are doomed to repeat it."

http://www.washingtonpost.com/business/spains-deflation-not-as-great-as-first-thought/2014/04/11/848c9920-c152-11e3-9ee7-02c1e10a03f0_story.html


http://www.thelocal.es/20140409/deflation-threatens-spains-recovery-imf


http://www.telegraph.co.uk/finance/financialcrisis/10757626/The-world-economy-may-well-be-stuck-in-neutral-for-years.html