Spanish exporters also found success selling their wares to fellow members of the euro zone, which accounts for just under 50% of all Spanish goods bought abroad.
This suggests that the falling inflation and lower labor costs that accompany austerity and recession are having at least some positive effects, making Spanish goods more competitive in countries that use the same currency.
Indeed, Moody’s cited “structural improvements in the country’s external competitiveness” when upgrading Spain’s credit rating yesterday.
Spain is the world's largest olive oil producer, and sales are picking up,Post Views
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