Mediterranean rivals; Charlemagne.(Spain catches up with Italy)

From: The Economist (US) | Date: November 4, 2006 | Copyright information

Spain, long one of Europe's also-rans, is about to join the big league; Italy is going in the other direction

BOTH have centre-left coalition governments. Both are committed to European integration. Both are firm supporters of the draft European Union constitution. Both have low fertility, high immigration and declining competitiveness. And both are Latin, Mediterranean and used to taking siestas.

But now Spain and Italy are converging in a new way. For much of the past decade Spain's economy has been growing at around twice the EU average. At this rate, officials beam, ...

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