Page "Economy of Spain" Paragraph 2

Between 2000 and 2008 Spain's economy had been credited with having avoided the virtual zero growth rate of some of its largest partners in the EU.

In fact, the country's economy had created more than half of all the new jobs in the European Union over the five years ending 2005.

Between 2008 and 2012 this process was rapidly reversed, characterized by the fact that almost a quarter of Spain's workforce is currently unemployed.