due to the increasing competitiveness of its exports

Morgan Stanley – Spain is set to pass Germany as the strongman of Europe, due to the increasing competitiveness of its exports

  Spain is set to usurp Germany as the strongman of Europe, due to the increasing competitiveness of its exports, say Morgan Stanley analysts, who think fiscal rebalancing will continue in the country despite its current political turmoil. "Spain, where unit labor costs are falling due to recession and reforms, and where exports performance is strong, is on its way to become the euro...

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