After years of recession and austerity measures, Spain finally departs from its crippling financial crisis with better than expected GDP growth so far this year

Moody’s Investors Service late on Tuesday cut Spain’s debt by two notches to A1 from Aa2. The sovereign downgrade was largely due to Spain’s increasing challenge in meeting fiscal targets amid falling house prices and waning growth prospects, according to the agency. It cited “continued vulnerability of Spain to market stress” as a key factor […]