After bottoming out: a new European policy for Spain
After a decade of de-Europeanisation (2001-10), Spain has put the EU back at the centre of its national project but it must now also aspire to co-lead the integration process.
After a decade of de-Europeanisation (2001-10), Spain has put the EU back at the centre of its national project but it must now also aspire to co-lead the integration process.
Spain continues to draw significant levels of foreign direct investment (FDI), despite (or because of) the crisis. Reforms are making FDI in the country more attractive.
This paper analyses the effects of the current economic crisis on the domestic, foreign and transatlantic relations in Spain. It also focuses on the economic and political reforms undertaken in response to the crisis, its impact on the country’s foreign policy agenda and advances a series of policy recommendations to help prevent the crisis from undermining the transatlantic relationship.
Will Europe –and, in particular, Spain– be able to shape this moment to overcome the difficult and complicated crisis in which it is immersed?
Spain will undoubtedly require external financial help from its European partners, as well as more time and flexibility to achieve its fiscal targets. But it also has a number of strengths that are too often overlooked.
There is hardly a glimmer of light in Spain’s long tunnel of recession, very high unemployment and rising bad debts in the banking sector. This Working Paper looks at the current situation, the progress that has been made and the challenges ahead.
This document forms part of ‘Spain’s Global Presence and Company Brands Atlas’ which will be published by the Leading Brands of Spain Forum in the autumn. (Updated 15/10/2012).
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