SPAIN is leading the way for shocking the Eurozone back to life, according to the Organisation for Economic Cooperation and Development (OECD).
The Paris-based think-tank picked Spain as the country to follow as their report slammed the attitudes of the eurozone’s largest economies.
France, Germany and Italy were all told they should be learning from Spain – which has pushed through reforms to boost the economy – rather than being bogged down in discussion.
Speaking before a meeting of world leaders at the G20 summit in Brisbane, Australia, Catherine Mann – the OECD’s chief economist – praised Spain for restructuring its banking sectors and driving down labour costs to revitalise the economy.
Mann added that world leaders had plans on the table to boost the G20 GDP by about 2% by 2018, equivalent to an extra €1.3 trillion of income.