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Europe's South Dares to Dream of New Destiny After Lost Decades


Publishing date: Jul 24, 2021  •  13 hours ago  •  4 minute read  • 
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(Bloomberg) Europe’s southern countries can now claim the brightest collective outlook since the creation of the euro once the final hurdles of the coronavirus are overcome in a dramatic turnaround after two decades of malaise and crisis.
With nearly half of the European Union’s 800 billion-euro ($942 billion) recovery fund flowing their way, officials and business people from Athens to Madrid are gearing up for an unprecedented period of investment that might just succeed in altering their economic destinies.
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Spain to Lower 2021 Economic Forecast After Weak Start to Year


Spain’s government is set to trim its 2021 growth forecast after renewed pandemic restrictions led to a worse-than-expected first quarter and pushed back the country’s recovery.
An increase in Covid-19 cases forced some Spanish regions to impose restrictions on movement at the beginning of the year, dealing a blow to companies’ hiring plans and dragging on growth in the first quarter, Economy Minister Nadia Calvino said in a Bloomberg TV interview on Thursday.
“That is the main reason why we are going to revise downward our forecasts for this year,” Calvino said. “We were expecting to have around 7% growth this year and it may be smaller due to the delay the one quarter delay in terms of the recovery.” ....

Matthew Miller , Mark Cudmore , Pedro Sanchez , Jeannette Neumann , Nadia Calvino , Economy Minister Nadia Calvino , Minister Pedro Sanchez , மேத்யூ மில்லர் , குறி கூம்பூ , பேடரோ சான்செஸ் , ஜநெட் நியூமன் , நாடியா கால்வினோ , பொருளாதாரம் அமைச்சர் நாடியா கால்வினோ , அமைச்சர் பேடரோ சான்செஸ் ,