so to get a better idea as to what's happening to the spanish economy i'm joined right now by steen jacobsen from sachs a bank so stay tuned as we know the spanish economy managed to drag itself out of recession. we've got a growth of no point one percent now can i just get your view what do you take from that no point one percent growth. sort of enough. you have to remember it is very easy for a country like spain to create a little bit of growth because the base the number you compare with was already very low so everything being equal it's good that spain is seeing positive growth but point one can be revised into a recessionary number next time we have the first fruition so you know everything being equal this is just another story of how hard it is to get any traction insurance of growth when you don't we're gone real reforms and when you don't we're going to resupply side over the economy so would you say that the excitement that maybe politicians about. focusing in on is all an illusion would you say. oh say the politicians easily excitable people who have very little knowledge of eco

so to get a better idea as to what's happening to the spanish economy i'm joined right now by steen jacobsen from saxo bank so stephen as we know the spanish economy managed to drag itself out of recession. we've got a growth of no point one percent now can i just get your view what do you take from that no point one percent growth.

so to get a better idea as to what's happening to the spanish economy i'm joined right now by steen jacobsen from sachs a bank so stay tuned as we know the spanish economy managed to drag itself out of recession. we've got a growth of no zero point one percent now can i just get your view what do you take from that no zero point one percent growth. absolutely nothing you have to remember it is very easy for a country like spain to create a little bit of growth because the base the number you compare with was already very low so everything being equal it's good that spain is seeing positive growth but point one can be revised into a recessionary number next time we have the first fruition so you know everything being equal this is just another story of how hard it is to get any traction insurance of growth when you don't we're gone real reforms and when you don't work on the rich supply side of the economy so would you say that the excitement.