Investors have noticed: with faster growth and a lower fiscal deficit than France, Spain has seen its bond yields dip below those of its northern neighbour for the first time since 2007. With packed restaurants and throngs of shoppers,

The European economy is going to have a tough few years, if new forecasts are correct. Despite the European Central Bank (ECB) cutting interest rates for the third time in a row on Thursday, saying that lowering inflation was "well on track",