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Spain is best example that Europe is doing things right: Schaeuble

Published 09/01/2015, 03:43 AM
Updated 09/01/2015, 03:48 AM
© Reuters. A statue of Christopher Columbus with an extended hand is seen in front of a Spanish flag in central Madrid

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Tuesday that Spain's economic development showed that the euro zone was tackling its crisis well.

"Spain is the best example that we've done a lot of things quite right in Europe," Schaeuble said at a business conference in Berlin, adding that he was optimistic about Spain's future development as long as Madrid stuck to its reform policies.

© Reuters. A statue of Christopher Columbus with an extended hand is seen in front of a Spanish flag in central Madrid

Spanish Economy Minister Luis de Guindos said at the same event that Spain would have a budget deficit of less than 3 percent next year.

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