didn’t know that. That is reason for optimism :)
Whatever happened to Portugal and the land of my ancestors, Italy. I thought they were in trouble too, along with spain.
Portugal is doing very well. They were in deep trouble, but with a help of bailout and change of course to responsibility they are now self sufficient. Italy sadly is still plagued with corruption and Italians see this as a normal course of events. Spain was never in such structural trouble as Portugal and Italy were. Spain had a rather sound fiscal policy and got into “crises club” because they just happened to have a huge real estate boom going.