The euro effect
Money from Brussels also poured in. Spain has been the largest single beneficiary of EU regional funds. It has received a total of €186 billion, most of which was wisely spent on improving roads and railways.
Under Mr González’s successor, José María Aznar of the conservative People’s Party (PP), Spain qualified to join the euro at its inception in 1999. Interest rates fell dramatically: the cost of mortgages, for example, came down from 18% to below 5%, unleashing a housing boom.
Jueves, 26 de noviembre
Luis Llopis Herbas
Grupo Cenyt
Juan Carlos Ureta
Jesús Pérez
Ramón Tamames
Luis C. Sánchez
