One small step for Spain, one giant leap for Eurozone

IN a landmark turning point, official figures show Spain’s economy is growing at its fastest pace since before the global economic crisis in 2007.

The Spanish GDP figures have boosted hopes that the Eurozone is bouncing back, despite the ongoing tumult in Greece.

Spain, which received a €100billion bailout for its wobbling banking sector in 2012, recorded a 0.9 per cent increase in GDP in the first quarter of this year.

The news highlights the growing rift between the fortunes of Greece and the other bailed-out Eurozone countries as the Greeks battle to meet their next repayment to the IMF, which is due next week.