Spain continues to slide deeper into recession. Economic output fell by 0.7 percent on the same period in 2011. It's the steepest decline in three years. Spending cuts and tax hikes are putting the brakes on growth.
Spanish gross domestic product (GDP) added 0.6 percent in the second quarter, compared with the January-to-March period. It's the fastest rate since 2007, before the country slipped into recession.
Spain's unemployment has fallen to its lowest levels in three years, an indication that the embattled European economy may finally be recovering from the Continent's crippling debt crisis in 2008.
Europe's embattled car market has seen its sales figures dwindle in recent years, as the Continent recovered from the global financial crisis. But new figures suggest the worst may be over.
The European Central Bank is trying to reinvigorate the eurozone economy with low interest rates and billions of euros in fresh credit. For some, its efforts are insufficient. For others they go too far.
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