ratios through 2020 for Italy and Spain. The new approach takes account of likely correlations across 243 alternative … high primary surplus) and Spain (where the ratios rise but at a decelerating pace and from relatively low levels) …

On the one hand, every official document about fiscal policy in Spain, and most orthodox academic papers argue that … Spain has no "fiscal space" and that it should apply resolute actions to assure budget consolidation. On the other hand …, Spain also had the second highest unemployment rate in the Eurozone in 2015: 21% of the active population. A rapid decline …

On the one hand, every official document about fiscal policy in Spain, and most orthodox academic papers argue that … Spain has no "fiscal space" and that it should apply resolute actions to assure budget consolidation. On the other hand …, Spain also had the second highest unemployment rate in the Eurozone in 2015: 21% of the active population. A rapid decline …