Spaniards no better off than 25 years ago despite economic growth

Spaniards no better off than 25 years ago despite economic growth

Despite the current economic boom, new Eurostat data places Spaniards' purchasing power as far behind the EU average as it was in 1999, with Spain now trailing behind countries such as Cyprus or Malta.

The European statistical office places Spain eight points below EU income, the same figure 25 years ago. Moody's refuses to improve solvency for the seventh consecutive year Read

Spain's per capita income as far from European average as it was in 1999

The Corner Eurostat, the European statistical office, estimates that Spain is as far from the European average per capita income as it was in 1999, 25 years ago, according to the newspaper El Mundo today. Progress since then has been zero, measured in terms of Gross Domestic Product per capita and purchasing power. It’s not that Spanish income hasn’t grown in this first quarter of a century. Eurostat estimates it at €27,770...