id sid tid token lemma pos cord-027960-qzg2jsz6 1 1 key key NN cord-027960-qzg2jsz6 1 2 : : : cord-027960-qzg2jsz6 2 1 cord-027960-qzg2jsz6 cord-027960-qzg2jsz6 NNP cord-027960-qzg2jsz6 2 2 authors author NNS cord-027960-qzg2jsz6 2 3 : : : cord-027960-qzg2jsz6 2 4 Royo Royo NNP cord-027960-qzg2jsz6 2 5 , , , cord-027960-qzg2jsz6 2 6 Sebastián Sebastián NNP cord-027960-qzg2jsz6 2 7 title title NN cord-027960-qzg2jsz6 2 8 : : : cord-027960-qzg2jsz6 3 1 From from IN cord-027960-qzg2jsz6 3 2 Boom Boom NNP cord-027960-qzg2jsz6 3 3 to to IN cord-027960-qzg2jsz6 3 4 Bust bust VB cord-027960-qzg2jsz6 3 5 : : : cord-027960-qzg2jsz6 3 6 The the DT cord-027960-qzg2jsz6 3 7 Economic Economic NNP cord-027960-qzg2jsz6 3 8 Crisis Crisis NNP cord-027960-qzg2jsz6 3 9 in in IN cord-027960-qzg2jsz6 3 10 Spain Spain NNP cord-027960-qzg2jsz6 3 11 2008–2013 2008–2013 CD cord-027960-qzg2jsz6 3 12 date date NN cord-027960-qzg2jsz6 3 13 : : : cord-027960-qzg2jsz6 3 14 2020 2020 CD cord-027960-qzg2jsz6 3 15 - - HYPH cord-027960-qzg2jsz6 3 16 06 06 CD cord-027960-qzg2jsz6 3 17 - - HYPH cord-027960-qzg2jsz6 3 18 28 28 CD cord-027960-qzg2jsz6 3 19 journal journal NN cord-027960-qzg2jsz6 3 20 : : : cord-027960-qzg2jsz6 4 1 Why why WRB cord-027960-qzg2jsz6 4 2 Banks bank NNS cord-027960-qzg2jsz6 4 3 Fail fail VBP cord-027960-qzg2jsz6 4 4 DOI doi NN cord-027960-qzg2jsz6 4 5 : : : cord-027960-qzg2jsz6 4 6 10.1057/978 10.1057/978 CD cord-027960-qzg2jsz6 4 7 - - HYPH cord-027960-qzg2jsz6 4 8 1 1 CD cord-027960-qzg2jsz6 4 9 - - HYPH cord-027960-qzg2jsz6 4 10 137 137 CD cord-027960-qzg2jsz6 4 11 - - HYPH cord-027960-qzg2jsz6 4 12 53228 53228 CD cord-027960-qzg2jsz6 4 13 - - SYM cord-027960-qzg2jsz6 4 14 2_4 2_4 CD cord-027960-qzg2jsz6 5 1 sha sha NNP cord-027960-qzg2jsz6 5 2 : : : cord-027960-qzg2jsz6 6 1 5e05d386167db032ead9aca0810675fafc3a1897 5e05d386167db032ead9aca0810675fafc3a1897 CD cord-027960-qzg2jsz6 6 2 doc_id doc_id CD cord-027960-qzg2jsz6 7 1 : : : cord-027960-qzg2jsz6 7 2 27960 27960 CD cord-027960-qzg2jsz6 7 3 cord_uid cord_uid NNS cord-027960-qzg2jsz6 7 4 : : : cord-027960-qzg2jsz6 8 1 qzg2jsz6 qzg2jsz6 NNP cord-027960-qzg2jsz6 9 1 This this DT cord-027960-qzg2jsz6 9 2 chapter chapter NN cord-027960-qzg2jsz6 9 3 analyzes analyze VBZ cord-027960-qzg2jsz6 9 4 the the DT cord-027960-qzg2jsz6 9 5 overall overall JJ cord-027960-qzg2jsz6 9 6 economic economic JJ cord-027960-qzg2jsz6 9 7 crisis crisis NN cord-027960-qzg2jsz6 9 8 that that WDT cord-027960-qzg2jsz6 9 9 started start VBD cord-027960-qzg2jsz6 9 10 in in IN cord-027960-qzg2jsz6 9 11 2008 2008 CD cord-027960-qzg2jsz6 9 12 in in IN cord-027960-qzg2jsz6 9 13 Spain Spain NNP cord-027960-qzg2jsz6 9 14 . . . cord-027960-qzg2jsz6 10 1 It -PRON- PRP cord-027960-qzg2jsz6 10 2 is be VBZ cord-027960-qzg2jsz6 10 3 impossible impossible JJ cord-027960-qzg2jsz6 10 4 to to TO cord-027960-qzg2jsz6 10 5 disentangle disentangle VB cord-027960-qzg2jsz6 10 6 the the DT cord-027960-qzg2jsz6 10 7 2008 2008 CD cord-027960-qzg2jsz6 10 8 banking banking NN cord-027960-qzg2jsz6 10 9 crisis crisis NN cord-027960-qzg2jsz6 10 10 from from IN cord-027960-qzg2jsz6 10 11 the the DT cord-027960-qzg2jsz6 10 12 overall overall JJ cord-027960-qzg2jsz6 10 13 economic economic JJ cord-027960-qzg2jsz6 10 14 crisis crisis NN cord-027960-qzg2jsz6 10 15 that that WDT cord-027960-qzg2jsz6 10 16 affected affect VBD cord-027960-qzg2jsz6 10 17 the the DT cord-027960-qzg2jsz6 10 18 country country NN cord-027960-qzg2jsz6 10 19 at at IN cord-027960-qzg2jsz6 10 20 the the DT cord-027960-qzg2jsz6 10 21 same same JJ cord-027960-qzg2jsz6 10 22 time time NN cord-027960-qzg2jsz6 10 23 . . . cord-027960-qzg2jsz6 11 1 This this DT cord-027960-qzg2jsz6 11 2 chapter chapter NN cord-027960-qzg2jsz6 11 3 looks look VBZ cord-027960-qzg2jsz6 11 4 at at IN cord-027960-qzg2jsz6 11 5 the the DT cord-027960-qzg2jsz6 11 6 performance performance NN cord-027960-qzg2jsz6 11 7 of of IN cord-027960-qzg2jsz6 11 8 the the DT cord-027960-qzg2jsz6 11 9 Spanish spanish JJ cord-027960-qzg2jsz6 11 10 economy economy NN cord-027960-qzg2jsz6 11 11 throughout throughout IN cord-027960-qzg2jsz6 11 12 the the DT cord-027960-qzg2jsz6 11 13 1990s 1990 NNS cord-027960-qzg2jsz6 11 14 and and CC cord-027960-qzg2jsz6 11 15 the the DT cord-027960-qzg2jsz6 11 16 first first JJ cord-027960-qzg2jsz6 11 17 decade decade NN cord-027960-qzg2jsz6 11 18 of of IN cord-027960-qzg2jsz6 11 19 the the DT cord-027960-qzg2jsz6 11 20 twentieth twentieth JJ cord-027960-qzg2jsz6 11 21 century century NN cord-027960-qzg2jsz6 11 22 . . . cord-027960-qzg2jsz6 12 1 It -PRON- PRP cord-027960-qzg2jsz6 12 2 examines examine VBZ cord-027960-qzg2jsz6 12 3 the the DT cord-027960-qzg2jsz6 12 4 reasons reason NNS cord-027960-qzg2jsz6 12 5 for for IN cord-027960-qzg2jsz6 12 6 the the DT cord-027960-qzg2jsz6 12 7 success success NN cord-027960-qzg2jsz6 12 8 of of IN cord-027960-qzg2jsz6 12 9 the the DT cord-027960-qzg2jsz6 12 10 Spanish spanish JJ cord-027960-qzg2jsz6 12 11 economy economy NN cord-027960-qzg2jsz6 12 12 in in IN cord-027960-qzg2jsz6 12 13 the the DT cord-027960-qzg2jsz6 12 14 1990s 1990 NNS cord-027960-qzg2jsz6 12 15 and and CC cord-027960-qzg2jsz6 12 16 provides provide VBZ cord-027960-qzg2jsz6 12 17 an an DT cord-027960-qzg2jsz6 12 18 overview overview NN cord-027960-qzg2jsz6 12 19 of of IN cord-027960-qzg2jsz6 12 20 the the DT cord-027960-qzg2jsz6 12 21 main main JJ cord-027960-qzg2jsz6 12 22 causes cause NNS cord-027960-qzg2jsz6 12 23 of of IN cord-027960-qzg2jsz6 12 24 the the DT cord-027960-qzg2jsz6 12 25 2008–2013 2008–2013 CD cord-027960-qzg2jsz6 12 26 crisis crisis NN cord-027960-qzg2jsz6 12 27 and and CC cord-027960-qzg2jsz6 12 28 the the DT cord-027960-qzg2jsz6 12 29 governments government NNS cord-027960-qzg2jsz6 12 30 ’ ’ POS cord-027960-qzg2jsz6 12 31 responses response NNS cord-027960-qzg2jsz6 12 32 . . . cord-027960-qzg2jsz6 13 1 The the DT cord-027960-qzg2jsz6 13 2 economic economic JJ cord-027960-qzg2jsz6 13 3 crisis crisis NN cord-027960-qzg2jsz6 13 4 that that WDT cord-027960-qzg2jsz6 13 5 hit hit VBD cord-027960-qzg2jsz6 13 6 the the DT cord-027960-qzg2jsz6 13 7 country country NN cord-027960-qzg2jsz6 13 8 in in IN cord-027960-qzg2jsz6 13 9 2008 2008 CD cord-027960-qzg2jsz6 13 10 can can MD cord-027960-qzg2jsz6 13 11 not not RB cord-027960-qzg2jsz6 13 12 be be VB cord-027960-qzg2jsz6 13 13 separated separate VBN cord-027960-qzg2jsz6 13 14 from from IN cord-027960-qzg2jsz6 13 15 the the DT cord-027960-qzg2jsz6 13 16 subsequent subsequent JJ cord-027960-qzg2jsz6 13 17 financial financial JJ cord-027960-qzg2jsz6 13 18 crisis crisis NN cord-027960-qzg2jsz6 13 19 . . . cord-027960-qzg2jsz6 14 1 In in IN cord-027960-qzg2jsz6 14 2 order order NN cord-027960-qzg2jsz6 14 3 to to TO cord-027960-qzg2jsz6 14 4 contextualize contextualize VB cord-027960-qzg2jsz6 14 5 the the DT cord-027960-qzg2jsz6 14 6 banking banking NN cord-027960-qzg2jsz6 14 7 games game NNS cord-027960-qzg2jsz6 14 8 that that WDT cord-027960-qzg2jsz6 14 9 inform inform VBP cord-027960-qzg2jsz6 14 10 the the DT cord-027960-qzg2jsz6 14 11 next next JJ cord-027960-qzg2jsz6 14 12 chapters chapter NNS cord-027960-qzg2jsz6 14 13 and and CC cord-027960-qzg2jsz6 14 14 to to TO cord-027960-qzg2jsz6 14 15 understand understand VB cord-027960-qzg2jsz6 14 16 the the DT cord-027960-qzg2jsz6 14 17 overall overall JJ cord-027960-qzg2jsz6 14 18 consequences consequence NNS cord-027960-qzg2jsz6 14 19 that that WDT cord-027960-qzg2jsz6 14 20 the the DT cord-027960-qzg2jsz6 14 21 economic economic JJ cord-027960-qzg2jsz6 14 22 crisis crisis NN cord-027960-qzg2jsz6 14 23 had have VBD cord-027960-qzg2jsz6 14 24 on on IN cord-027960-qzg2jsz6 14 25 Spanish spanish JJ cord-027960-qzg2jsz6 14 26 banks bank NNS cord-027960-qzg2jsz6 14 27 and and CC cord-027960-qzg2jsz6 14 28 cajas caja NNS cord-027960-qzg2jsz6 14 29 , , , cord-027960-qzg2jsz6 14 30 this this DT cord-027960-qzg2jsz6 14 31 chapter chapter NN cord-027960-qzg2jsz6 14 32 examines examine VBZ cord-027960-qzg2jsz6 14 33 the the DT cord-027960-qzg2jsz6 14 34 economic economic JJ cord-027960-qzg2jsz6 14 35 crisis crisis NN cord-027960-qzg2jsz6 14 36 and and CC cord-027960-qzg2jsz6 14 37 analyzes analyze VBZ cord-027960-qzg2jsz6 14 38 its -PRON- PRP$ cord-027960-qzg2jsz6 14 39 causes cause NNS cord-027960-qzg2jsz6 14 40 and and CC cord-027960-qzg2jsz6 14 41 consequences consequence NNS cord-027960-qzg2jsz6 14 42 . . . cord-027960-qzg2jsz6 15 1 Yet yet RB cord-027960-qzg2jsz6 15 2 again again RB cord-027960-qzg2jsz6 15 3 , , , cord-027960-qzg2jsz6 15 4 the the DT cord-027960-qzg2jsz6 15 5 performance performance NN cord-027960-qzg2jsz6 15 6 of of IN cord-027960-qzg2jsz6 15 7 the the DT cord-027960-qzg2jsz6 15 8 Spanish spanish JJ cord-027960-qzg2jsz6 15 9 banking banking NN cord-027960-qzg2jsz6 15 10 system system NN cord-027960-qzg2jsz6 15 11 was be VBD cord-027960-qzg2jsz6 15 12 deeply deeply RB cord-027960-qzg2jsz6 15 13 connected connected JJ cord-027960-qzg2jsz6 15 14 to to IN cord-027960-qzg2jsz6 15 15 the the DT cord-027960-qzg2jsz6 15 16 performance performance NN cord-027960-qzg2jsz6 15 17 of of IN cord-027960-qzg2jsz6 15 18 the the DT cord-027960-qzg2jsz6 15 19 Spanish spanish JJ cord-027960-qzg2jsz6 15 20 economy economy NN cord-027960-qzg2jsz6 15 21 , , , cord-027960-qzg2jsz6 15 22 and and CC cord-027960-qzg2jsz6 15 23 progress progress NN cord-027960-qzg2jsz6 15 24 in in IN cord-027960-qzg2jsz6 15 25 the the DT cord-027960-qzg2jsz6 15 26 banking banking NN cord-027960-qzg2jsz6 15 27 sector sector NN cord-027960-qzg2jsz6 15 28 was be VBD cord-027960-qzg2jsz6 15 29 marred mar VBN cord-027960-qzg2jsz6 15 30 by by IN cord-027960-qzg2jsz6 15 31 the the DT cord-027960-qzg2jsz6 15 32 performance performance NN cord-027960-qzg2jsz6 15 33 of of IN cord-027960-qzg2jsz6 15 34 the the DT cord-027960-qzg2jsz6 15 35 Spanish spanish JJ cord-027960-qzg2jsz6 15 36 economy economy NN cord-027960-qzg2jsz6 15 37 at at IN cord-027960-qzg2jsz6 15 38 large large JJ cord-027960-qzg2jsz6 15 39 . . . cord-027960-qzg2jsz6 16 1 The the DT cord-027960-qzg2jsz6 16 2 economic economic JJ cord-027960-qzg2jsz6 16 3 crisis crisis NN cord-027960-qzg2jsz6 16 4 that that WDT cord-027960-qzg2jsz6 16 5 started start VBD cord-027960-qzg2jsz6 16 6 in in IN cord-027960-qzg2jsz6 16 7 2008 2008 CD cord-027960-qzg2jsz6 16 8 , , , cord-027960-qzg2jsz6 16 9 part part NN cord-027960-qzg2jsz6 16 10 of of IN cord-027960-qzg2jsz6 16 11 the the DT cord-027960-qzg2jsz6 16 12 great great JJ cord-027960-qzg2jsz6 16 13 recession recession NN cord-027960-qzg2jsz6 16 14 that that WDT cord-027960-qzg2jsz6 16 15 engulfed engulf VBD cord-027960-qzg2jsz6 16 16 most most JJS cord-027960-qzg2jsz6 16 17 countries country NNS cord-027960-qzg2jsz6 16 18 , , , cord-027960-qzg2jsz6 16 19 had have VBD cord-027960-qzg2jsz6 16 20 profound profound JJ cord-027960-qzg2jsz6 16 21 consequences consequence NNS cord-027960-qzg2jsz6 16 22 for for IN cord-027960-qzg2jsz6 16 23 the the DT cord-027960-qzg2jsz6 16 24 Spanish spanish JJ cord-027960-qzg2jsz6 16 25 banking banking NN cord-027960-qzg2jsz6 16 26 system system NN cord-027960-qzg2jsz6 16 27 . . . cord-027960-qzg2jsz6 17 1 This this DT cord-027960-qzg2jsz6 17 2 book book NN cord-027960-qzg2jsz6 17 3 will will MD cord-027960-qzg2jsz6 17 4 show show VB cord-027960-qzg2jsz6 17 5 that that IN cord-027960-qzg2jsz6 17 6 the the DT cord-027960-qzg2jsz6 17 7 financial financial JJ cord-027960-qzg2jsz6 17 8 crises crisis NNS cord-027960-qzg2jsz6 17 9 were be VBD cord-027960-qzg2jsz6 17 10 the the DT cord-027960-qzg2jsz6 17 11 result result NN cord-027960-qzg2jsz6 17 12 of of IN cord-027960-qzg2jsz6 17 13 a a DT cord-027960-qzg2jsz6 17 14 political political JJ cord-027960-qzg2jsz6 17 15 bargain bargain NN cord-027960-qzg2jsz6 17 16 in in IN cord-027960-qzg2jsz6 17 17 which which WDT cord-027960-qzg2jsz6 17 18 incentives incentive NNS cord-027960-qzg2jsz6 17 19 and and CC cord-027960-qzg2jsz6 17 20 a a DT cord-027960-qzg2jsz6 17 21 lax lax JJ cord-027960-qzg2jsz6 17 22 regulatory regulatory JJ cord-027960-qzg2jsz6 17 23 framework framework NN cord-027960-qzg2jsz6 17 24 favored favor VBN cord-027960-qzg2jsz6 17 25 developers developer NNS cord-027960-qzg2jsz6 17 26 , , , cord-027960-qzg2jsz6 17 27 property property NN cord-027960-qzg2jsz6 17 28 owners owner NNS cord-027960-qzg2jsz6 17 29 , , , cord-027960-qzg2jsz6 17 30 and and CC cord-027960-qzg2jsz6 17 31 bankers banker NNS cord-027960-qzg2jsz6 17 32 , , , cord-027960-qzg2jsz6 17 33 thus thus RB cord-027960-qzg2jsz6 17 34 confirming confirm VBG cord-027960-qzg2jsz6 17 35 a a DT cord-027960-qzg2jsz6 17 36 central central JJ cord-027960-qzg2jsz6 17 37 tenant tenant NN cord-027960-qzg2jsz6 17 38 : : : cord-027960-qzg2jsz6 17 39 the the DT cord-027960-qzg2jsz6 17 40 crucial crucial JJ cord-027960-qzg2jsz6 17 41 importance importance NN cord-027960-qzg2jsz6 17 42 of of IN cord-027960-qzg2jsz6 17 43 domestic domestic JJ cord-027960-qzg2jsz6 17 44 political political JJ cord-027960-qzg2jsz6 17 45 institutions institution NNS cord-027960-qzg2jsz6 17 46 , , , cord-027960-qzg2jsz6 17 47 the the DT cord-027960-qzg2jsz6 17 48 rules rule NNS cord-027960-qzg2jsz6 17 49 of of IN cord-027960-qzg2jsz6 17 50 the the DT cord-027960-qzg2jsz6 17 51 game game NN cord-027960-qzg2jsz6 17 52 , , , cord-027960-qzg2jsz6 17 53 and and CC cord-027960-qzg2jsz6 17 54 the the DT cord-027960-qzg2jsz6 17 55 role role NN cord-027960-qzg2jsz6 17 56 of of IN cord-027960-qzg2jsz6 17 57 domestic domestic JJ cord-027960-qzg2jsz6 17 58 players player NNS cord-027960-qzg2jsz6 17 59 operating operate VBG cord-027960-qzg2jsz6 17 60 within within IN cord-027960-qzg2jsz6 17 61 those those DT cord-027960-qzg2jsz6 17 62 institutions institution NNS cord-027960-qzg2jsz6 17 63 . . . cord-027960-qzg2jsz6 18 1 From from IN cord-027960-qzg2jsz6 18 2 : : : cord-027960-qzg2jsz6 18 3 Sebastián Sebastián NNP cord-027960-qzg2jsz6 18 4 Royo Royo NNP cord-027960-qzg2jsz6 18 5 , , , cord-027960-qzg2jsz6 18 6 " " '' cord-027960-qzg2jsz6 18 7 After after IN cord-027960-qzg2jsz6 18 8 Austerity austerity NN cord-027960-qzg2jsz6 18 9 : : : cord-027960-qzg2jsz6 18 10 Lessons lesson NNS cord-027960-qzg2jsz6 18 11 from from IN cord-027960-qzg2jsz6 18 12 the the DT cord-027960-qzg2jsz6 18 13 Spanish spanish JJ cord-027960-qzg2jsz6 18 14 Experience experience NN cord-027960-qzg2jsz6 18 15 , , , cord-027960-qzg2jsz6 18 16 " " '' cord-027960-qzg2jsz6 18 17 in in IN cord-027960-qzg2jsz6 18 18 Towards towards IN cord-027960-qzg2jsz6 18 19 a a DT cord-027960-qzg2jsz6 18 20 Resilient Resilient NNP cord-027960-qzg2jsz6 18 21 Eurozone Eurozone NNP cord-027960-qzg2jsz6 18 22 : : : cord-027960-qzg2jsz6 18 23 Economic Economic NNP cord-027960-qzg2jsz6 18 24 , , , cord-027960-qzg2jsz6 18 25 Monetary monetary JJ cord-027960-qzg2jsz6 18 26 and and CC cord-027960-qzg2jsz6 18 27 Fiscal Fiscal NNP cord-027960-qzg2jsz6 18 28 Policies Policies NNPS cord-027960-qzg2jsz6 18 29 , , , cord-027960-qzg2jsz6 18 30 ed ed NNP cord-027960-qzg2jsz6 18 31 . . . cord-027960-qzg2jsz6 19 1 John John NNP cord-027960-qzg2jsz6 19 2 Ryan Ryan NNP cord-027960-qzg2jsz6 19 3 ( ( -LRB- cord-027960-qzg2jsz6 19 4 New New NNP cord-027960-qzg2jsz6 19 5 York York NNP cord-027960-qzg2jsz6 19 6 : : : cord-027960-qzg2jsz6 20 1 Peter Peter NNP cord-027960-qzg2jsz6 20 2 Lang Lang NNP cord-027960-qzg2jsz6 20 3 , , , cord-027960-qzg2jsz6 20 4 2015 2015 CD cord-027960-qzg2jsz6 20 5 ) ) -RRB- cord-027960-qzg2jsz6 20 6 . . . cord-027960-qzg2jsz6 21 1 The the DT cord-027960-qzg2jsz6 21 2 2008 2008 CD cord-027960-qzg2jsz6 21 3 economic economic JJ cord-027960-qzg2jsz6 21 4 crisis crisis NN cord-027960-qzg2jsz6 21 5 , , , cord-027960-qzg2jsz6 21 6 while while IN cord-027960-qzg2jsz6 21 7 not not RB cord-027960-qzg2jsz6 21 8 fully fully RB cord-027960-qzg2jsz6 21 9 unexpected unexpected JJ cord-027960-qzg2jsz6 21 10 , , , cord-027960-qzg2jsz6 21 11 came come VBD cord-027960-qzg2jsz6 21 12 as as IN cord-027960-qzg2jsz6 21 13 a a DT cord-027960-qzg2jsz6 21 14 relative relative JJ cord-027960-qzg2jsz6 21 15 surprise surprise NN cord-027960-qzg2jsz6 21 16 given give VBN cord-027960-qzg2jsz6 21 17 the the DT cord-027960-qzg2jsz6 21 18 strong strong JJ cord-027960-qzg2jsz6 21 19 performance performance NN cord-027960-qzg2jsz6 21 20 of of IN cord-027960-qzg2jsz6 21 21 the the DT cord-027960-qzg2jsz6 21 22 Spanish spanish JJ cord-027960-qzg2jsz6 21 23 economy economy NN cord-027960-qzg2jsz6 21 24 during during IN cord-027960-qzg2jsz6 21 25 the the DT cord-027960-qzg2jsz6 21 26 first first JJ cord-027960-qzg2jsz6 21 27 years year NNS cord-027960-qzg2jsz6 21 28 of of IN cord-027960-qzg2jsz6 21 29 the the DT cord-027960-qzg2jsz6 21 30 twentieth twentieth JJ cord-027960-qzg2jsz6 21 31 century century NN cord-027960-qzg2jsz6 21 32 . . . cord-027960-qzg2jsz6 22 1 The the DT cord-027960-qzg2jsz6 22 2 overall overall JJ cord-027960-qzg2jsz6 22 3 pattern pattern NN cord-027960-qzg2jsz6 22 4 of of IN cord-027960-qzg2jsz6 22 5 Spanish spanish JJ cord-027960-qzg2jsz6 22 6 economic economic JJ cord-027960-qzg2jsz6 22 7 history history NN cord-027960-qzg2jsz6 22 8 has have VBZ cord-027960-qzg2jsz6 22 9 been be VBN cord-027960-qzg2jsz6 22 10 described describe VBN cord-027960-qzg2jsz6 22 11 , , , cord-027960-qzg2jsz6 22 12 crudely crudely RB cord-027960-qzg2jsz6 22 13 , , , cord-027960-qzg2jsz6 22 14 as as IN cord-027960-qzg2jsz6 22 15 a a DT cord-027960-qzg2jsz6 22 16 graph graph NN cord-027960-qzg2jsz6 22 17 shaped shape VBN cord-027960-qzg2jsz6 22 18 like like IN cord-027960-qzg2jsz6 22 19 an an DT cord-027960-qzg2jsz6 22 20 upside upside JJ cord-027960-qzg2jsz6 22 21 - - HYPH cord-027960-qzg2jsz6 22 22 down down RP cord-027960-qzg2jsz6 22 23 version version NN cord-027960-qzg2jsz6 22 24 of of IN cord-027960-qzg2jsz6 22 25 the the DT cord-027960-qzg2jsz6 22 26 letter letter NN cord-027960-qzg2jsz6 22 27 ' ' `` cord-027960-qzg2jsz6 22 28 V v NN cord-027960-qzg2jsz6 22 29 ' ' '' cord-027960-qzg2jsz6 22 30 . . . cord-027960-qzg2jsz6 23 1 That that RB cord-027960-qzg2jsz6 23 2 is is RB cord-027960-qzg2jsz6 23 3 , , , cord-027960-qzg2jsz6 23 4 the the DT cord-027960-qzg2jsz6 23 5 graph graph NN cord-027960-qzg2jsz6 23 6 rises rise VBZ cord-027960-qzg2jsz6 23 7 - - : cord-027960-qzg2jsz6 23 8 bumpily bumpily RB cord-027960-qzg2jsz6 23 9 at at IN cord-027960-qzg2jsz6 23 10 times time NNS cord-027960-qzg2jsz6 23 11 , , , cord-027960-qzg2jsz6 23 12 through through IN cord-027960-qzg2jsz6 23 13 600 600 CD cord-027960-qzg2jsz6 23 14 years year NNS cord-027960-qzg2jsz6 23 15 under under IN cord-027960-qzg2jsz6 23 16 the the DT cord-027960-qzg2jsz6 23 17 Romans Romans NNPS cord-027960-qzg2jsz6 23 18 , , , cord-027960-qzg2jsz6 23 19 700 700 CD cord-027960-qzg2jsz6 23 20 years year NNS cord-027960-qzg2jsz6 23 21 under under IN cord-027960-qzg2jsz6 23 22 or or CC cord-027960-qzg2jsz6 23 23 partly partly RB cord-027960-qzg2jsz6 23 24 under under IN cord-027960-qzg2jsz6 23 25 the the DT cord-027960-qzg2jsz6 23 26 Moors Moors NNPS cord-027960-qzg2jsz6 23 27 , , , cord-027960-qzg2jsz6 23 28 and and CC cord-027960-qzg2jsz6 23 29 a a DT cord-027960-qzg2jsz6 23 30 century century NN cord-027960-qzg2jsz6 23 31 of of IN cord-027960-qzg2jsz6 23 32 empire empire NN cord-027960-qzg2jsz6 23 33 - - HYPH cord-027960-qzg2jsz6 23 34 building building NN cord-027960-qzg2jsz6 23 35 - - : cord-027960-qzg2jsz6 23 36 to to IN cord-027960-qzg2jsz6 23 37 the the DT cord-027960-qzg2jsz6 23 38 peak peak NN cord-027960-qzg2jsz6 23 39 of of IN cord-027960-qzg2jsz6 23 40 Spanish spanish JJ cord-027960-qzg2jsz6 23 41 power power NN cord-027960-qzg2jsz6 23 42 in in IN cord-027960-qzg2jsz6 23 43 the the DT cord-027960-qzg2jsz6 23 44 sixteenth sixteenth JJ cord-027960-qzg2jsz6 23 45 century century NN cord-027960-qzg2jsz6 23 46 . . . cord-027960-qzg2jsz6 24 1 After after IN cord-027960-qzg2jsz6 24 2 that that DT cord-027960-qzg2jsz6 24 3 , , , cord-027960-qzg2jsz6 24 4 the the DT cord-027960-qzg2jsz6 24 5 history history NN cord-027960-qzg2jsz6 24 6 of of IN cord-027960-qzg2jsz6 24 7 the the DT cord-027960-qzg2jsz6 24 8 nation nation NN cord-027960-qzg2jsz6 24 9 goes go VBZ cord-027960-qzg2jsz6 24 10 downhill downhill RB cord-027960-qzg2jsz6 24 11 until until IN cord-027960-qzg2jsz6 24 12 the the DT cord-027960-qzg2jsz6 24 13 1970s 1970s CD cord-027960-qzg2jsz6 24 14 . . . cord-027960-qzg2jsz6 25 1 A a DT cord-027960-qzg2jsz6 25 2 vast vast JJ cord-027960-qzg2jsz6 25 3 empire empire NN cord-027960-qzg2jsz6 25 4 was be VBD cord-027960-qzg2jsz6 25 5 gradually gradually RB cord-027960-qzg2jsz6 25 6 lost lose VBN cord-027960-qzg2jsz6 25 7 , , , cord-027960-qzg2jsz6 25 8 leaving leave VBG cord-027960-qzg2jsz6 25 9 Spain Spain NNP cord-027960-qzg2jsz6 25 10 poor poor JJ cord-027960-qzg2jsz6 25 11 and and CC cord-027960-qzg2jsz6 25 12 powerless powerless JJ cord-027960-qzg2jsz6 25 13 . . . cord-027960-qzg2jsz6 26 1 And and CC cord-027960-qzg2jsz6 26 2 there there EX cord-027960-qzg2jsz6 26 3 was be VBD cord-027960-qzg2jsz6 26 4 much much JJ cord-027960-qzg2jsz6 26 5 political political JJ cord-027960-qzg2jsz6 26 6 instability instability NN cord-027960-qzg2jsz6 26 7 : : : cord-027960-qzg2jsz6 26 8 Spain Spain NNP cord-027960-qzg2jsz6 26 9 suffered suffer VBD cord-027960-qzg2jsz6 26 10 forty forty CD cord-027960-qzg2jsz6 26 11 - - HYPH cord-027960-qzg2jsz6 26 12 three three CD cord-027960-qzg2jsz6 26 13 coup coup NN cord-027960-qzg2jsz6 26 14 d'états d'état NNS cord-027960-qzg2jsz6 26 15 between between IN cord-027960-qzg2jsz6 26 16 1814 1814 CD cord-027960-qzg2jsz6 26 17 and and CC cord-027960-qzg2jsz6 26 18 1923 1923 CD cord-027960-qzg2jsz6 26 19 , , , cord-027960-qzg2jsz6 26 20 a a DT cord-027960-qzg2jsz6 26 21 horrendous horrendous JJ cord-027960-qzg2jsz6 26 22 civil civil JJ cord-027960-qzg2jsz6 26 23 war war NN cord-027960-qzg2jsz6 26 24 between between IN cord-027960-qzg2jsz6 26 25 1936 1936 CD cord-027960-qzg2jsz6 26 26 and and CC cord-027960-qzg2jsz6 26 27 1939 1939 CD cord-027960-qzg2jsz6 26 28 , , , cord-027960-qzg2jsz6 26 29 followed follow VBN cord-027960-qzg2jsz6 26 30 by by IN cord-027960-qzg2jsz6 26 31 thirty thirty CD cord-027960-qzg2jsz6 26 32 - - HYPH cord-027960-qzg2jsz6 26 33 six six CD cord-027960-qzg2jsz6 26 34 years year NNS cord-027960-qzg2jsz6 26 35 of of IN cord-027960-qzg2jsz6 26 36 dictatorship dictatorship NN cord-027960-qzg2jsz6 26 37 under under IN cord-027960-qzg2jsz6 26 38 Generalísimo Generalísimo NNP cord-027960-qzg2jsz6 26 39 Franco Franco NNP cord-027960-qzg2jsz6 26 40 . . . cord-027960-qzg2jsz6 27 1 1 1 LS cord-027960-qzg2jsz6 28 1 After after IN cord-027960-qzg2jsz6 28 2 Franco Franco NNP cord-027960-qzg2jsz6 28 3 's 's POS cord-027960-qzg2jsz6 28 4 death death NN cord-027960-qzg2jsz6 28 5 in in IN cord-027960-qzg2jsz6 28 6 1975 1975 CD cord-027960-qzg2jsz6 28 7 , , , cord-027960-qzg2jsz6 28 8 the the DT cord-027960-qzg2jsz6 28 9 graph graph NN cord-027960-qzg2jsz6 28 10 turned turn VBD cord-027960-qzg2jsz6 28 11 upward upward RB cord-027960-qzg2jsz6 28 12 again again RB cord-027960-qzg2jsz6 28 13 . . . cord-027960-qzg2jsz6 29 1 King King NNP cord-027960-qzg2jsz6 29 2 Juan Juan NNP cord-027960-qzg2jsz6 29 3 Carlos Carlos NNP cord-027960-qzg2jsz6 29 4 , , , cord-027960-qzg2jsz6 29 5 Franco Franco NNP cord-027960-qzg2jsz6 29 6 's 's POS cord-027960-qzg2jsz6 29 7 heir heir NN cord-027960-qzg2jsz6 29 8 , , , cord-027960-qzg2jsz6 29 9 oversaw oversee VBD cord-027960-qzg2jsz6 29 10 the the DT cord-027960-qzg2jsz6 29 11 return return NN cord-027960-qzg2jsz6 29 12 of of IN cord-027960-qzg2jsz6 29 13 democracy democracy NN cord-027960-qzg2jsz6 29 14 to to IN cord-027960-qzg2jsz6 29 15 the the DT cord-027960-qzg2jsz6 29 16 country country NN cord-027960-qzg2jsz6 29 17 . . . cord-027960-qzg2jsz6 30 1 A a DT cord-027960-qzg2jsz6 30 2 negotiated negotiate VBN cord-027960-qzg2jsz6 30 3 transition transition NN cord-027960-qzg2jsz6 30 4 period period NN cord-027960-qzg2jsz6 30 5 , , , cord-027960-qzg2jsz6 30 6 which which WDT cord-027960-qzg2jsz6 30 7 has have VBZ cord-027960-qzg2jsz6 30 8 been be VBN cord-027960-qzg2jsz6 30 9 labeled label VBN cord-027960-qzg2jsz6 30 10 as as IN cord-027960-qzg2jsz6 30 11 a a DT cord-027960-qzg2jsz6 30 12 model model NN cord-027960-qzg2jsz6 30 13 for for IN cord-027960-qzg2jsz6 30 14 other other JJ cord-027960-qzg2jsz6 30 15 countries country NNS cord-027960-qzg2jsz6 30 16 , , , cord-027960-qzg2jsz6 30 17 paved pave VBD cord-027960-qzg2jsz6 30 18 the the DT cord-027960-qzg2jsz6 30 19 way way NN cord-027960-qzg2jsz6 30 20 for for IN cord-027960-qzg2jsz6 30 21 the the DT cord-027960-qzg2jsz6 30 22 elaboration elaboration NN cord-027960-qzg2jsz6 30 23 of of IN cord-027960-qzg2jsz6 30 24 a a DT cord-027960-qzg2jsz6 30 25 new new JJ cord-027960-qzg2jsz6 30 26 Constitution Constitution NNP cord-027960-qzg2jsz6 30 27 , , , cord-027960-qzg2jsz6 30 28 followed follow VBN cord-027960-qzg2jsz6 30 29 by by IN cord-027960-qzg2jsz6 30 30 the the DT cord-027960-qzg2jsz6 30 31 first first JJ cord-027960-qzg2jsz6 30 32 free free JJ cord-027960-qzg2jsz6 30 33 elections election NNS cord-027960-qzg2jsz6 30 34 in in IN cord-027960-qzg2jsz6 30 35 almost almost RB cord-027960-qzg2jsz6 30 36 forty forty CD cord-027960-qzg2jsz6 30 37 years year NNS cord-027960-qzg2jsz6 30 38 . . . cord-027960-qzg2jsz6 31 1 These these DT cord-027960-qzg2jsz6 31 2 developments development NNS cord-027960-qzg2jsz6 31 3 were be VBD cord-027960-qzg2jsz6 31 4 followed follow VBN cord-027960-qzg2jsz6 31 5 by by IN cord-027960-qzg2jsz6 31 6 the the DT cord-027960-qzg2jsz6 31 7 progressive progressive JJ cord-027960-qzg2jsz6 31 8 return return NN cord-027960-qzg2jsz6 31 9 of of IN cord-027960-qzg2jsz6 31 10 Spain Spain NNP cord-027960-qzg2jsz6 31 11 to to IN cord-027960-qzg2jsz6 31 12 the the DT cord-027960-qzg2jsz6 31 13 international international JJ cord-027960-qzg2jsz6 31 14 arena arena NN cord-027960-qzg2jsz6 31 15 - - : cord-027960-qzg2jsz6 31 16 where where WRB cord-027960-qzg2jsz6 31 17 they -PRON- PRP cord-027960-qzg2jsz6 31 18 have have VBP cord-027960-qzg2jsz6 31 19 been be VBN cord-027960-qzg2jsz6 31 20 relatively relatively RB cord-027960-qzg2jsz6 31 21 isolated isolate VBN cord-027960-qzg2jsz6 31 22 during during IN cord-027960-qzg2jsz6 31 23 the the DT cord-027960-qzg2jsz6 31 24 dictatorship dictatorship NN cord-027960-qzg2jsz6 31 25 . . . cord-027960-qzg2jsz6 32 1 The the DT cord-027960-qzg2jsz6 32 2 following following JJ cord-027960-qzg2jsz6 32 3 decade decade NN cord-027960-qzg2jsz6 32 4 also also RB cord-027960-qzg2jsz6 32 5 witnessed witness VBD cord-027960-qzg2jsz6 32 6 the the DT cord-027960-qzg2jsz6 32 7 Socialist Socialist NNP cord-027960-qzg2jsz6 32 8 Party Party NNP cord-027960-qzg2jsz6 32 9 being be VBG cord-027960-qzg2jsz6 32 10 elected elect VBN cord-027960-qzg2jsz6 32 11 to to IN cord-027960-qzg2jsz6 32 12 actual actual JJ cord-027960-qzg2jsz6 32 13 power power NN cord-027960-qzg2jsz6 32 14 in in IN cord-027960-qzg2jsz6 32 15 1982 1982 CD cord-027960-qzg2jsz6 32 16 , , , cord-027960-qzg2jsz6 32 17 bringing bring VBG cord-027960-qzg2jsz6 32 18 a a DT cord-027960-qzg2jsz6 32 19 new new JJ cord-027960-qzg2jsz6 32 20 aura aura NN cord-027960-qzg2jsz6 32 21 of of IN cord-027960-qzg2jsz6 32 22 modernity modernity NN cord-027960-qzg2jsz6 32 23 to to IN cord-027960-qzg2jsz6 32 24 the the DT cord-027960-qzg2jsz6 32 25 country country NN cord-027960-qzg2jsz6 32 26 . . . cord-027960-qzg2jsz6 33 1 The the DT cord-027960-qzg2jsz6 33 2 1980s 1980 NNS cord-027960-qzg2jsz6 33 3 also also RB cord-027960-qzg2jsz6 33 4 witnessed witness VBD cord-027960-qzg2jsz6 33 5 Spain Spain NNP cord-027960-qzg2jsz6 33 6 's 's POS cord-027960-qzg2jsz6 33 7 integration integration NN cord-027960-qzg2jsz6 33 8 into into IN cord-027960-qzg2jsz6 33 9 NATO NATO NNP cord-027960-qzg2jsz6 33 10 ( ( -LRB- cord-027960-qzg2jsz6 33 11 1982 1982 CD cord-027960-qzg2jsz6 33 12 ) ) -RRB- cord-027960-qzg2jsz6 33 13 and and CC cord-027960-qzg2jsz6 33 14 the the DT cord-027960-qzg2jsz6 33 15 European European NNP cord-027960-qzg2jsz6 33 16 Community Community NNP cord-027960-qzg2jsz6 33 17 ( ( -LRB- cord-027960-qzg2jsz6 33 18 1986 1986 CD cord-027960-qzg2jsz6 33 19 ) ) -RRB- cord-027960-qzg2jsz6 33 20 . . . cord-027960-qzg2jsz6 34 1 The the DT cord-027960-qzg2jsz6 34 2 following follow VBG cord-027960-qzg2jsz6 34 3 two two CD cord-027960-qzg2jsz6 34 4 and and CC cord-027960-qzg2jsz6 34 5 a a DT cord-027960-qzg2jsz6 34 6 half half NN cord-027960-qzg2jsz6 34 7 decades decade NNS cord-027960-qzg2jsz6 34 8 were be VBD cord-027960-qzg2jsz6 34 9 a a DT cord-027960-qzg2jsz6 34 10 period period NN cord-027960-qzg2jsz6 34 11 of of IN cord-027960-qzg2jsz6 34 12 phenomenal phenomenal JJ cord-027960-qzg2jsz6 34 13 growth growth NN cord-027960-qzg2jsz6 34 14 and and CC cord-027960-qzg2jsz6 34 15 modernization modernization NN cord-027960-qzg2jsz6 34 16 . . . cord-027960-qzg2jsz6 35 1 Indeed indeed RB cord-027960-qzg2jsz6 35 2 , , , cord-027960-qzg2jsz6 35 3 before before IN cord-027960-qzg2jsz6 35 4 the the DT cord-027960-qzg2jsz6 35 5 global global JJ cord-027960-qzg2jsz6 35 6 crisis crisis NN cord-027960-qzg2jsz6 35 7 that that WDT cord-027960-qzg2jsz6 35 8 hit hit VBD cord-027960-qzg2jsz6 35 9 Spain Spain NNP cord-027960-qzg2jsz6 35 10 in in IN cord-027960-qzg2jsz6 35 11 the the DT cord-027960-qzg2jsz6 35 12 spring spring NN cord-027960-qzg2jsz6 35 13 of of IN cord-027960-qzg2jsz6 35 14 2008 2008 CD cord-027960-qzg2jsz6 35 15 the the DT cord-027960-qzg2jsz6 35 16 country country NN cord-027960-qzg2jsz6 35 17 had have VBD cord-027960-qzg2jsz6 35 18 become become VBN cord-027960-qzg2jsz6 35 19 one one CD cord-027960-qzg2jsz6 35 20 of of IN cord-027960-qzg2jsz6 35 21 Europe Europe NNP cord-027960-qzg2jsz6 35 22 's 's POS cord-027960-qzg2jsz6 35 23 most most RBS cord-027960-qzg2jsz6 35 24 successful successful JJ cord-027960-qzg2jsz6 35 25 economies economy NNS cord-027960-qzg2jsz6 35 26 . . . cord-027960-qzg2jsz6 36 1 2 2 LS cord-027960-qzg2jsz6 37 1 While while IN cord-027960-qzg2jsz6 37 2 other other JJ cord-027960-qzg2jsz6 37 3 European european JJ cord-027960-qzg2jsz6 37 4 countries country NNS cord-027960-qzg2jsz6 37 5 had have VBD cord-027960-qzg2jsz6 37 6 been be VBN cord-027960-qzg2jsz6 37 7 stuck stick VBN cord-027960-qzg2jsz6 37 8 in in IN cord-027960-qzg2jsz6 37 9 the the DT cord-027960-qzg2jsz6 37 10 mud mud NN cord-027960-qzg2jsz6 37 11 , , , cord-027960-qzg2jsz6 37 12 Spain Spain NNP cord-027960-qzg2jsz6 37 13 performed perform VBD cord-027960-qzg2jsz6 37 14 much much RB cord-027960-qzg2jsz6 37 15 better well JJR cord-027960-qzg2jsz6 37 16 at at IN cord-027960-qzg2jsz6 37 17 reforming reform VBG cord-027960-qzg2jsz6 37 18 its -PRON- PRP$ cord-027960-qzg2jsz6 37 19 welfare welfare NN cord-027960-qzg2jsz6 37 20 systems system NNS cord-027960-qzg2jsz6 37 21 and and CC cord-027960-qzg2jsz6 37 22 labor labor NN cord-027960-qzg2jsz6 37 23 markets market NNS cord-027960-qzg2jsz6 37 24 , , , cord-027960-qzg2jsz6 37 25 as as RB cord-027960-qzg2jsz6 37 26 well well RB cord-027960-qzg2jsz6 37 27 as as IN cord-027960-qzg2jsz6 37 28 improving improve VBG cord-027960-qzg2jsz6 37 29 flexibility flexibility NN cord-027960-qzg2jsz6 37 30 and and CC cord-027960-qzg2jsz6 37 31 lowering lower VBG cord-027960-qzg2jsz6 37 32 unemployment unemployment NN cord-027960-qzg2jsz6 37 33 . . . cord-027960-qzg2jsz6 38 1 Over over IN cord-027960-qzg2jsz6 38 2 the the DT cord-027960-qzg2jsz6 38 3 decade decade NN cord-027960-qzg2jsz6 38 4 and and CC cord-027960-qzg2jsz6 38 5 a a DT cord-027960-qzg2jsz6 38 6 half half NN cord-027960-qzg2jsz6 38 7 that that WDT cord-027960-qzg2jsz6 38 8 preceded precede VBD cord-027960-qzg2jsz6 38 9 the the DT cord-027960-qzg2jsz6 38 10 2008 2008 CD cord-027960-qzg2jsz6 38 11 global global JJ cord-027960-qzg2jsz6 38 12 financial financial JJ cord-027960-qzg2jsz6 38 13 crisis crisis NN cord-027960-qzg2jsz6 38 14 , , , cord-027960-qzg2jsz6 38 15 the the DT cord-027960-qzg2jsz6 38 16 Spanish spanish JJ cord-027960-qzg2jsz6 38 17 economy economy NN cord-027960-qzg2jsz6 38 18 seemed seem VBD cord-027960-qzg2jsz6 38 19 to to TO cord-027960-qzg2jsz6 38 20 had have VBD cord-027960-qzg2jsz6 38 21 been be VBN cord-027960-qzg2jsz6 38 22 able able JJ cord-027960-qzg2jsz6 38 23 to to TO cord-027960-qzg2jsz6 38 24 break break VB cord-027960-qzg2jsz6 38 25 with with IN cord-027960-qzg2jsz6 38 26 the the DT cord-027960-qzg2jsz6 38 27 historical historical JJ cord-027960-qzg2jsz6 38 28 pattern pattern NN cord-027960-qzg2jsz6 38 29 of of IN cord-027960-qzg2jsz6 38 30 boom boom NN cord-027960-qzg2jsz6 38 31 and and CC cord-027960-qzg2jsz6 38 32 bust bust NN cord-027960-qzg2jsz6 38 33 , , , cord-027960-qzg2jsz6 38 34 and and CC cord-027960-qzg2jsz6 38 35 the the DT cord-027960-qzg2jsz6 38 36 country country NN cord-027960-qzg2jsz6 38 37 's 's POS cord-027960-qzg2jsz6 38 38 economic economic JJ cord-027960-qzg2jsz6 38 39 performance performance NN cord-027960-qzg2jsz6 38 40 was be VBD cord-027960-qzg2jsz6 38 41 nothing nothing NN cord-027960-qzg2jsz6 38 42 short short JJ cord-027960-qzg2jsz6 38 43 of of IN cord-027960-qzg2jsz6 38 44 remarkable remarkable JJ cord-027960-qzg2jsz6 38 45 . . . cord-027960-qzg2jsz6 39 1 Yet yet CC cord-027960-qzg2jsz6 39 2 all all PDT cord-027960-qzg2jsz6 39 3 this this DT cord-027960-qzg2jsz6 39 4 came come VBD cord-027960-qzg2jsz6 39 5 to to IN cord-027960-qzg2jsz6 39 6 a a DT cord-027960-qzg2jsz6 39 7 halt halt NN cord-027960-qzg2jsz6 39 8 when when WRB cord-027960-qzg2jsz6 39 9 the the DT cord-027960-qzg2jsz6 39 10 global global JJ cord-027960-qzg2jsz6 39 11 financial financial JJ cord-027960-qzg2jsz6 39 12 crisis crisis NN cord-027960-qzg2jsz6 39 13 hit hit VBD cord-027960-qzg2jsz6 39 14 Spain Spain NNP cord-027960-qzg2jsz6 39 15 in in IN cord-027960-qzg2jsz6 39 16 2008 2008 CD cord-027960-qzg2jsz6 39 17 . . . cord-027960-qzg2jsz6 40 1 As as IN cord-027960-qzg2jsz6 40 2 a a DT cord-027960-qzg2jsz6 40 3 result result NN cord-027960-qzg2jsz6 40 4 , , , cord-027960-qzg2jsz6 40 5 Spain Spain NNP cord-027960-qzg2jsz6 40 6 is be VBZ cord-027960-qzg2jsz6 40 7 suffering suffer VBG cord-027960-qzg2jsz6 40 8 one one CD cord-027960-qzg2jsz6 40 9 of of IN cord-027960-qzg2jsz6 40 10 the the DT cord-027960-qzg2jsz6 40 11 worst bad JJS cord-027960-qzg2jsz6 40 12 crises crisis NNS cord-027960-qzg2jsz6 40 13 since since IN cord-027960-qzg2jsz6 40 14 the the DT cord-027960-qzg2jsz6 40 15 1940s 1940 NNS cord-027960-qzg2jsz6 40 16 ( ( -LRB- cord-027960-qzg2jsz6 40 17 Royo Royo NNP cord-027960-qzg2jsz6 40 18 2013 2013 CD cord-027960-qzg2jsz6 40 19 ) ) -RRB- cord-027960-qzg2jsz6 40 20 . . . cord-027960-qzg2jsz6 41 1 Following follow VBG cord-027960-qzg2jsz6 41 2 the the DT cord-027960-qzg2jsz6 41 3 transition transition NN cord-027960-qzg2jsz6 41 4 to to IN cord-027960-qzg2jsz6 41 5 democracy democracy NN cord-027960-qzg2jsz6 41 6 and and CC cord-027960-qzg2jsz6 41 7 the the DT cord-027960-qzg2jsz6 41 8 country country NN cord-027960-qzg2jsz6 41 9 's 's POS cord-027960-qzg2jsz6 41 10 European european JJ cord-027960-qzg2jsz6 41 11 integration integration NN cord-027960-qzg2jsz6 41 12 , , , cord-027960-qzg2jsz6 41 13 Spain Spain NNP cord-027960-qzg2jsz6 41 14 was be VBD cord-027960-qzg2jsz6 41 15 , , , cord-027960-qzg2jsz6 41 16 prior prior RB cord-027960-qzg2jsz6 41 17 to to IN cord-027960-qzg2jsz6 41 18 the the DT cord-027960-qzg2jsz6 41 19 2008 2008 CD cord-027960-qzg2jsz6 41 20 crisis crisis NN cord-027960-qzg2jsz6 41 21 , , , cord-027960-qzg2jsz6 41 22 a a DT cord-027960-qzg2jsz6 41 23 model model NN cord-027960-qzg2jsz6 41 24 country country NN cord-027960-qzg2jsz6 41 25 . . . cord-027960-qzg2jsz6 42 1 But but CC cord-027960-qzg2jsz6 42 2 then then RB cord-027960-qzg2jsz6 42 3 the the DT cord-027960-qzg2jsz6 42 4 ( ( -LRB- cord-027960-qzg2jsz6 42 5 debt debt NN cord-027960-qzg2jsz6 42 6 fueled fuel VBN cord-027960-qzg2jsz6 42 7 ) ) -RRB- cord-027960-qzg2jsz6 42 8 dream dream NN cord-027960-qzg2jsz6 42 9 was be VBD cord-027960-qzg2jsz6 42 10 shattered shatter VBN cord-027960-qzg2jsz6 42 11 and and CC cord-027960-qzg2jsz6 42 12 the the DT cord-027960-qzg2jsz6 42 13 country country NN cord-027960-qzg2jsz6 42 14 's 's POS cord-027960-qzg2jsz6 42 15 economy economy NN cord-027960-qzg2jsz6 42 16 imploded implode VBD cord-027960-qzg2jsz6 42 17 after after IN cord-027960-qzg2jsz6 42 18 2008 2008 CD cord-027960-qzg2jsz6 42 19 . . . cord-027960-qzg2jsz6 43 1 How how WRB cord-027960-qzg2jsz6 43 2 did do VBD cord-027960-qzg2jsz6 43 3 this this DT cord-027960-qzg2jsz6 43 4 happen happen VB cord-027960-qzg2jsz6 43 5 ? ? . cord-027960-qzg2jsz6 44 1 Policy policy NN cord-027960-qzg2jsz6 44 2 choices choice NNS cord-027960-qzg2jsz6 44 3 and and CC cord-027960-qzg2jsz6 44 4 the the DT cord-027960-qzg2jsz6 44 5 structure structure NN cord-027960-qzg2jsz6 44 6 of of IN cord-027960-qzg2jsz6 44 7 decision decision NN cord-027960-qzg2jsz6 44 8 making making NN cord-027960-qzg2jsz6 44 9 ; ; : cord-027960-qzg2jsz6 44 10 the the DT cord-027960-qzg2jsz6 44 11 role role NN cord-027960-qzg2jsz6 44 12 of of IN cord-027960-qzg2jsz6 44 13 organized organize VBN cord-027960-qzg2jsz6 44 14 interest interest NN cord-027960-qzg2jsz6 44 15 ; ; : cord-027960-qzg2jsz6 44 16 the the DT cord-027960-qzg2jsz6 44 17 structure structure NN cord-027960-qzg2jsz6 44 18 of of IN cord-027960-qzg2jsz6 44 19 the the DT cord-027960-qzg2jsz6 44 20 state state NN cord-027960-qzg2jsz6 44 21 ; ; , cord-027960-qzg2jsz6 44 22 and and CC cord-027960-qzg2jsz6 44 23 institutional institutional JJ cord-027960-qzg2jsz6 44 24 degeneration degeneration NN cord-027960-qzg2jsz6 44 25 all all DT cord-027960-qzg2jsz6 44 26 played play VBD cord-027960-qzg2jsz6 44 27 an an DT cord-027960-qzg2jsz6 44 28 important important JJ cord-027960-qzg2jsz6 44 29 role role NN cord-027960-qzg2jsz6 44 30 in in IN cord-027960-qzg2jsz6 44 31 explaining explain VBG cord-027960-qzg2jsz6 44 32 the the DT cord-027960-qzg2jsz6 44 33 severity severity NN cord-027960-qzg2jsz6 44 34 of of IN cord-027960-qzg2jsz6 44 35 the the DT cord-027960-qzg2jsz6 44 36 economic economic JJ cord-027960-qzg2jsz6 44 37 crisis crisis NN cord-027960-qzg2jsz6 44 38 in in IN cord-027960-qzg2jsz6 44 39 Spain Spain NNP cord-027960-qzg2jsz6 44 40 ; ; : cord-027960-qzg2jsz6 44 41 as as IN cord-027960-qzg2jsz6 44 42 did do VBD cord-027960-qzg2jsz6 44 43 the the DT cord-027960-qzg2jsz6 44 44 country country NN cord-027960-qzg2jsz6 44 45 's 's POS cord-027960-qzg2jsz6 44 46 membership membership NN cord-027960-qzg2jsz6 44 47 under under IN cord-027960-qzg2jsz6 44 48 an an DT cord-027960-qzg2jsz6 44 49 incomplete incomplete JJ cord-027960-qzg2jsz6 44 50 monetary monetary JJ cord-027960-qzg2jsz6 44 51 union union NN cord-027960-qzg2jsz6 44 52 . . . cord-027960-qzg2jsz6 45 1 The the DT cord-027960-qzg2jsz6 45 2 country country NN cord-027960-qzg2jsz6 45 3 had have VBD cord-027960-qzg2jsz6 45 4 to to TO cord-027960-qzg2jsz6 45 5 face face VB cord-027960-qzg2jsz6 45 6 a a DT cord-027960-qzg2jsz6 45 7 triple triple JJ cord-027960-qzg2jsz6 45 8 crisis crisis NN cord-027960-qzg2jsz6 45 9 : : : cord-027960-qzg2jsz6 45 10 financial financial JJ cord-027960-qzg2jsz6 45 11 , , , cord-027960-qzg2jsz6 45 12 fiscal fiscal JJ cord-027960-qzg2jsz6 45 13 , , , cord-027960-qzg2jsz6 45 14 and and CC cord-027960-qzg2jsz6 45 15 competitiveness competitiveness NN cord-027960-qzg2jsz6 45 16 . . . cord-027960-qzg2jsz6 46 1 This this DT cord-027960-qzg2jsz6 46 2 chapter chapter NN cord-027960-qzg2jsz6 46 3 seeks seek VBZ cord-027960-qzg2jsz6 46 4 to to TO cord-027960-qzg2jsz6 46 5 provide provide VB cord-027960-qzg2jsz6 46 6 an an DT cord-027960-qzg2jsz6 46 7 overview overview NN cord-027960-qzg2jsz6 46 8 of of IN cord-027960-qzg2jsz6 46 9 the the DT cord-027960-qzg2jsz6 46 10 country country NN cord-027960-qzg2jsz6 46 11 's 's POS cord-027960-qzg2jsz6 46 12 evolution evolution NN cord-027960-qzg2jsz6 46 13 since since IN cord-027960-qzg2jsz6 46 14 the the DT cord-027960-qzg2jsz6 46 15 transition transition NN cord-027960-qzg2jsz6 46 16 to to IN cord-027960-qzg2jsz6 46 17 democracy democracy NN cord-027960-qzg2jsz6 46 18 , , , cord-027960-qzg2jsz6 46 19 and and CC cord-027960-qzg2jsz6 46 20 to to TO cord-027960-qzg2jsz6 46 21 explain explain VB cord-027960-qzg2jsz6 46 22 its -PRON- PRP$ cord-027960-qzg2jsz6 46 23 economic economic JJ cord-027960-qzg2jsz6 46 24 collapse collapse NN cord-027960-qzg2jsz6 46 25 after after IN cord-027960-qzg2jsz6 46 26 2008 2008 CD cord-027960-qzg2jsz6 46 27 ( ( -LRB- cord-027960-qzg2jsz6 46 28 see see VB cord-027960-qzg2jsz6 46 29 Royo Royo NNP cord-027960-qzg2jsz6 46 30 2000 2000 CD cord-027960-qzg2jsz6 46 31 Royo Royo NNP cord-027960-qzg2jsz6 46 32 , , , cord-027960-qzg2jsz6 46 33 2008 2008 CD cord-027960-qzg2jsz6 46 34 Royo Royo NNP cord-027960-qzg2jsz6 46 35 , , , cord-027960-qzg2jsz6 46 36 2013 2013 CD cord-027960-qzg2jsz6 46 37 . . . cord-027960-qzg2jsz6 47 1 The the DT cord-027960-qzg2jsz6 47 2 first first JJ cord-027960-qzg2jsz6 47 3 section section NN cord-027960-qzg2jsz6 47 4 of of IN cord-027960-qzg2jsz6 47 5 the the DT cord-027960-qzg2jsz6 47 6 chapter chapter NN cord-027960-qzg2jsz6 47 7 outlines outline VBZ cord-027960-qzg2jsz6 47 8 the the DT cord-027960-qzg2jsz6 47 9 main main JJ cord-027960-qzg2jsz6 47 10 features feature NNS cord-027960-qzg2jsz6 47 11 of of IN cord-027960-qzg2jsz6 47 12 the the DT cord-027960-qzg2jsz6 47 13 Spanish spanish JJ cord-027960-qzg2jsz6 47 14 growth growth NN cord-027960-qzg2jsz6 47 15 model model NN cord-027960-qzg2jsz6 47 16 , , , cord-027960-qzg2jsz6 47 17 and and CC cord-027960-qzg2jsz6 47 18 the the DT cord-027960-qzg2jsz6 47 19 challenges challenge NNS cord-027960-qzg2jsz6 47 20 that that WDT cord-027960-qzg2jsz6 47 21 it -PRON- PRP cord-027960-qzg2jsz6 47 22 faced face VBD cord-027960-qzg2jsz6 47 23 . . . cord-027960-qzg2jsz6 48 1 Section section NN cord-027960-qzg2jsz6 48 2 two two CD cord-027960-qzg2jsz6 48 3 describes describe VBZ cord-027960-qzg2jsz6 48 4 the the DT cord-027960-qzg2jsz6 48 5 scale scale NN cord-027960-qzg2jsz6 48 6 of of IN cord-027960-qzg2jsz6 48 7 the the DT cord-027960-qzg2jsz6 48 8 shock shock NN cord-027960-qzg2jsz6 48 9 it -PRON- PRP cord-027960-qzg2jsz6 48 10 underwent undergo VBD cord-027960-qzg2jsz6 48 11 from from IN cord-027960-qzg2jsz6 48 12 2008 2008 CD cord-027960-qzg2jsz6 48 13 onward onward RB cord-027960-qzg2jsz6 48 14 and and CC cord-027960-qzg2jsz6 48 15 analyzes analyze VBZ cord-027960-qzg2jsz6 48 16 the the DT cord-027960-qzg2jsz6 48 17 triple triple JJ cord-027960-qzg2jsz6 48 18 crisis crisis NN cord-027960-qzg2jsz6 48 19 in in IN cord-027960-qzg2jsz6 48 20 financial financial JJ cord-027960-qzg2jsz6 48 21 , , , cord-027960-qzg2jsz6 48 22 fiscal fiscal JJ cord-027960-qzg2jsz6 48 23 , , , cord-027960-qzg2jsz6 48 24 and and CC cord-027960-qzg2jsz6 48 25 competitiveness competitiveness NN cord-027960-qzg2jsz6 48 26 performance performance NN cord-027960-qzg2jsz6 48 27 . . . cord-027960-qzg2jsz6 49 1 The the DT cord-027960-qzg2jsz6 49 2 chapter chapter NN cord-027960-qzg2jsz6 49 3 concludes conclude VBZ cord-027960-qzg2jsz6 49 4 with with IN cord-027960-qzg2jsz6 49 5 brief brief JJ cord-027960-qzg2jsz6 49 6 lessons lesson NNS cord-027960-qzg2jsz6 49 7 from from IN cord-027960-qzg2jsz6 49 8 the the DT cord-027960-qzg2jsz6 49 9 Spanish spanish JJ cord-027960-qzg2jsz6 49 10 experience experience NN cord-027960-qzg2jsz6 49 11 . . . cord-027960-qzg2jsz6 50 1 European european JJ cord-027960-qzg2jsz6 50 2 integration integration NN cord-027960-qzg2jsz6 50 3 was be VBD cord-027960-qzg2jsz6 50 4 instrumental instrumental JJ cord-027960-qzg2jsz6 50 5 in in IN cord-027960-qzg2jsz6 50 6 the the DT cord-027960-qzg2jsz6 50 7 modernization modernization NN cord-027960-qzg2jsz6 50 8 of of IN cord-027960-qzg2jsz6 50 9 the the DT cord-027960-qzg2jsz6 50 10 country country NN cord-027960-qzg2jsz6 50 11 . . . cord-027960-qzg2jsz6 51 1 Indeed indeed RB cord-027960-qzg2jsz6 51 2 , , , cord-027960-qzg2jsz6 51 3 before before IN cord-027960-qzg2jsz6 51 4 the the DT cord-027960-qzg2jsz6 51 5 global global JJ cord-027960-qzg2jsz6 51 6 crisis crisis NN cord-027960-qzg2jsz6 51 7 that that WDT cord-027960-qzg2jsz6 51 8 hit hit VBD cord-027960-qzg2jsz6 51 9 Spain Spain NNP cord-027960-qzg2jsz6 51 10 in in IN cord-027960-qzg2jsz6 51 11 the the DT cord-027960-qzg2jsz6 51 12 spring spring NN cord-027960-qzg2jsz6 51 13 of of IN cord-027960-qzg2jsz6 51 14 2008 2008 CD cord-027960-qzg2jsz6 51 15 the the DT cord-027960-qzg2jsz6 51 16 country country NN cord-027960-qzg2jsz6 51 17 had have VBD cord-027960-qzg2jsz6 51 18 become become VBN cord-027960-qzg2jsz6 51 19 one one CD cord-027960-qzg2jsz6 51 20 of of IN cord-027960-qzg2jsz6 51 21 Europe Europe NNP cord-027960-qzg2jsz6 51 22 's 's POS cord-027960-qzg2jsz6 51 23 most most RBS cord-027960-qzg2jsz6 51 24 successful successful JJ cord-027960-qzg2jsz6 51 25 economies economy NNS cord-027960-qzg2jsz6 51 26 ( ( -LRB- cord-027960-qzg2jsz6 51 27 see see VB cord-027960-qzg2jsz6 51 28 Table table NN cord-027960-qzg2jsz6 51 29 4 4 CD cord-027960-qzg2jsz6 51 30 .1 .1 CD cord-027960-qzg2jsz6 51 31 ) ) -RRB- cord-027960-qzg2jsz6 51 32 . . . cord-027960-qzg2jsz6 52 1 Propped prop VBN cord-027960-qzg2jsz6 52 2 up up RP cord-027960-qzg2jsz6 52 3 by by IN cord-027960-qzg2jsz6 52 4 low low JJ cord-027960-qzg2jsz6 52 5 interest interest NN cord-027960-qzg2jsz6 52 6 rates rate NNS cord-027960-qzg2jsz6 52 7 and and CC cord-027960-qzg2jsz6 52 8 immigration immigration NN cord-027960-qzg2jsz6 52 9 , , , cord-027960-qzg2jsz6 52 10 Spain Spain NNP cord-027960-qzg2jsz6 52 11 was be VBD cord-027960-qzg2jsz6 52 12 ( ( -LRB- cord-027960-qzg2jsz6 52 13 in in IN cord-027960-qzg2jsz6 52 14 2008 2008 CD cord-027960-qzg2jsz6 52 15 ) ) -RRB- cord-027960-qzg2jsz6 52 16 in in IN cord-027960-qzg2jsz6 52 17 its -PRON- PRP$ cord-027960-qzg2jsz6 52 18 fourteenth fourteenth JJ cord-027960-qzg2jsz6 52 19 year year NN cord-027960-qzg2jsz6 52 20 of of IN cord-027960-qzg2jsz6 52 21 uninterrupted uninterrupted JJ cord-027960-qzg2jsz6 52 22 growth growth NN cord-027960-qzg2jsz6 52 23 and and CC cord-027960-qzg2jsz6 52 24 it -PRON- PRP cord-027960-qzg2jsz6 52 25 was be VBD cord-027960-qzg2jsz6 52 26 benefiting benefit VBG cord-027960-qzg2jsz6 52 27 from from IN cord-027960-qzg2jsz6 52 28 the the DT cord-027960-qzg2jsz6 52 29 longest long JJS cord-027960-qzg2jsz6 52 30 cycle cycle NN cord-027960-qzg2jsz6 52 31 of of IN cord-027960-qzg2jsz6 52 32 continuing continue VBG cord-027960-qzg2jsz6 52 33 expansion expansion NN cord-027960-qzg2jsz6 52 34 of of IN cord-027960-qzg2jsz6 52 35 the the DT cord-027960-qzg2jsz6 52 36 Spanish spanish JJ cord-027960-qzg2jsz6 52 37 economy economy NN cord-027960-qzg2jsz6 52 38 in in IN cord-027960-qzg2jsz6 52 39 modern modern JJ cord-027960-qzg2jsz6 52 40 history history NN cord-027960-qzg2jsz6 53 1 ( ( -LRB- cord-027960-qzg2jsz6 53 2 only only RB cord-027960-qzg2jsz6 53 3 Ireland Ireland NNP cord-027960-qzg2jsz6 53 4 in in IN cord-027960-qzg2jsz6 53 5 the the DT cord-027960-qzg2jsz6 53 6 Euro Euro NNP cord-027960-qzg2jsz6 53 7 zone zone NN cord-027960-qzg2jsz6 53 8 has have VBZ cord-027960-qzg2jsz6 53 9 a a DT cord-027960-qzg2jsz6 53 10 better well JJR cord-027960-qzg2jsz6 53 11 record record NN cord-027960-qzg2jsz6 53 12 ) ) -RRB- cord-027960-qzg2jsz6 53 13 , , , cord-027960-qzg2jsz6 53 14 which which WDT cord-027960-qzg2jsz6 53 15 contributed contribute VBD cord-027960-qzg2jsz6 53 16 to to IN cord-027960-qzg2jsz6 53 17 the the DT cord-027960-qzg2jsz6 53 18 narrowing narrowing NN cord-027960-qzg2jsz6 53 19 of of IN cord-027960-qzg2jsz6 53 20 per per IN cord-027960-qzg2jsz6 53 21 capita capita FW cord-027960-qzg2jsz6 53 22 GDP gdp NN cord-027960-qzg2jsz6 53 23 with with IN cord-027960-qzg2jsz6 53 24 the the DT cord-027960-qzg2jsz6 53 25 EU EU NNP cord-027960-qzg2jsz6 53 26 . . . cord-027960-qzg2jsz6 54 1 Indeed indeed RB cord-027960-qzg2jsz6 54 2 , , , cord-027960-qzg2jsz6 54 3 in in IN cord-027960-qzg2jsz6 54 4 20 20 CD cord-027960-qzg2jsz6 54 5 years year NNS cord-027960-qzg2jsz6 54 6 per per IN cord-027960-qzg2jsz6 54 7 capita capita NN cord-027960-qzg2jsz6 54 8 income income NN cord-027960-qzg2jsz6 54 9 grew grow VBD cord-027960-qzg2jsz6 54 10 20 20 CD cord-027960-qzg2jsz6 54 11 points point NNS cord-027960-qzg2jsz6 54 12 , , , cord-027960-qzg2jsz6 54 13 one one CD cord-027960-qzg2jsz6 54 14 point point NN cord-027960-qzg2jsz6 54 15 per per IN cord-027960-qzg2jsz6 54 16 year year NN cord-027960-qzg2jsz6 54 17 , , , cord-027960-qzg2jsz6 54 18 to to TO cord-027960-qzg2jsz6 54 19 reach reach VB cord-027960-qzg2jsz6 54 20 close close RB cord-027960-qzg2jsz6 54 21 to to TO cord-027960-qzg2jsz6 54 22 90 90 CD cord-027960-qzg2jsz6 54 23 % % NN cord-027960-qzg2jsz6 54 24 of of IN cord-027960-qzg2jsz6 54 25 the the DT cord-027960-qzg2jsz6 54 26 EU15 EU15 NNP cord-027960-qzg2jsz6 54 27 average average NN cord-027960-qzg2jsz6 54 28 . . . cord-027960-qzg2jsz6 55 1 With with IN cord-027960-qzg2jsz6 55 2 the the DT cord-027960-qzg2jsz6 55 3 EU25 EU25 NNP cord-027960-qzg2jsz6 55 4 , , , cord-027960-qzg2jsz6 55 5 Spain Spain NNP cord-027960-qzg2jsz6 55 6 already already RB cord-027960-qzg2jsz6 55 7 reached reach VBD cord-027960-qzg2jsz6 55 8 the the DT cord-027960-qzg2jsz6 55 9 average average NN cord-027960-qzg2jsz6 55 10 in in IN cord-027960-qzg2jsz6 55 11 2008 2008 CD cord-027960-qzg2jsz6 55 12 . . . cord-027960-qzg2jsz6 56 1 The the DT cord-027960-qzg2jsz6 56 2 country country NN cord-027960-qzg2jsz6 56 3 grew grow VBD cord-027960-qzg2jsz6 56 4 on on IN cord-027960-qzg2jsz6 56 5 average average JJ cord-027960-qzg2jsz6 56 6 1.4 1.4 CD cord-027960-qzg2jsz6 56 7 percentage percentage NN cord-027960-qzg2jsz6 56 8 points point NNS cord-027960-qzg2jsz6 56 9 more more JJR cord-027960-qzg2jsz6 56 10 than than IN cord-027960-qzg2jsz6 56 11 the the DT cord-027960-qzg2jsz6 56 12 EU EU NNP cord-027960-qzg2jsz6 56 13 since since IN cord-027960-qzg2jsz6 56 14 1996 1996 CD cord-027960-qzg2jsz6 56 15 . . . cord-027960-qzg2jsz6 57 1 Unemployment unemployment NN cord-027960-qzg2jsz6 57 2 fell fall VBD cord-027960-qzg2jsz6 57 3 from from IN cord-027960-qzg2jsz6 57 4 20 20 CD cord-027960-qzg2jsz6 57 5 % % NN cord-027960-qzg2jsz6 57 6 in in IN cord-027960-qzg2jsz6 57 7 the the DT cord-027960-qzg2jsz6 57 8 mid-1990s mid-1990 NNS cord-027960-qzg2jsz6 57 9 to to IN cord-027960-qzg2jsz6 57 10 7.95 7.95 CD cord-027960-qzg2jsz6 57 11 % % NN cord-027960-qzg2jsz6 57 12 in in IN cord-027960-qzg2jsz6 57 13 the the DT cord-027960-qzg2jsz6 57 14 first first JJ cord-027960-qzg2jsz6 57 15 half half NN cord-027960-qzg2jsz6 57 16 of of IN cord-027960-qzg2jsz6 57 17 2007 2007 CD cord-027960-qzg2jsz6 57 18 ( ( -LRB- cord-027960-qzg2jsz6 57 19 the the DT cord-027960-qzg2jsz6 57 20 lowest low JJS cord-027960-qzg2jsz6 57 21 level level NN cord-027960-qzg2jsz6 57 22 since since IN cord-027960-qzg2jsz6 57 23 1978 1978 CD cord-027960-qzg2jsz6 57 24 ) ) -RRB- cord-027960-qzg2jsz6 57 25 , , , cord-027960-qzg2jsz6 57 26 as as IN cord-027960-qzg2jsz6 57 27 Spain Spain NNP cord-027960-qzg2jsz6 57 28 became become VBD cord-027960-qzg2jsz6 57 29 the the DT cord-027960-qzg2jsz6 57 30 second second JJ cord-027960-qzg2jsz6 57 31 country country NN cord-027960-qzg2jsz6 57 32 in in IN cord-027960-qzg2jsz6 57 33 the the DT cord-027960-qzg2jsz6 57 34 EU EU NNP cord-027960-qzg2jsz6 57 35 ( ( -LRB- cord-027960-qzg2jsz6 57 36 after after IN cord-027960-qzg2jsz6 57 37 Germany Germany NNP cord-027960-qzg2jsz6 57 38 with with IN cord-027960-qzg2jsz6 57 39 a a DT cord-027960-qzg2jsz6 57 40 much much RB cord-027960-qzg2jsz6 57 41 larger large JJR cord-027960-qzg2jsz6 57 42 economy economy NN cord-027960-qzg2jsz6 57 43 ) ) -RRB- cord-027960-qzg2jsz6 57 44 creating create VBG cord-027960-qzg2jsz6 57 45 the the DT cord-027960-qzg2jsz6 57 46 most most JJS cord-027960-qzg2jsz6 57 47 jobs job NNS cord-027960-qzg2jsz6 57 48 ( ( -LRB- cord-027960-qzg2jsz6 57 49 an an DT cord-027960-qzg2jsz6 57 50 average average NN cord-027960-qzg2jsz6 57 51 of of IN cord-027960-qzg2jsz6 57 52 600,000 600,000 CD cord-027960-qzg2jsz6 57 53 per per IN cord-027960-qzg2jsz6 57 54 year year NN cord-027960-qzg2jsz6 57 55 over over IN cord-027960-qzg2jsz6 57 56 that that DT cord-027960-qzg2jsz6 57 57 decade decade NN cord-027960-qzg2jsz6 57 58 ) ) -RRB- cord-027960-qzg2jsz6 57 59 . . . cord-027960-qzg2jsz6 58 1 In in IN cord-027960-qzg2jsz6 58 2 2006 2006 CD cord-027960-qzg2jsz6 58 3 , , , cord-027960-qzg2jsz6 58 4 the the DT cord-027960-qzg2jsz6 58 5 Spanish spanish JJ cord-027960-qzg2jsz6 58 6 economy economy NN cord-027960-qzg2jsz6 58 7 grew grow VBD cord-027960-qzg2jsz6 58 8 a a DT cord-027960-qzg2jsz6 58 9 spectacular spectacular JJ cord-027960-qzg2jsz6 58 10 3.9 3.9 CD cord-027960-qzg2jsz6 58 11 % % NN cord-027960-qzg2jsz6 58 12 , , , cord-027960-qzg2jsz6 58 13 and and CC cord-027960-qzg2jsz6 58 14 3.8 3.8 CD cord-027960-qzg2jsz6 58 15 % % NN cord-027960-qzg2jsz6 58 16 in in IN cord-027960-qzg2jsz6 58 17 2007 2007 CD cord-027960-qzg2jsz6 58 18 . . . cord-027960-qzg2jsz6 59 1 As as IN cord-027960-qzg2jsz6 59 2 we -PRON- PRP cord-027960-qzg2jsz6 59 3 have have VBP cord-027960-qzg2jsz6 59 4 seen see VBN cord-027960-qzg2jsz6 59 5 , , , cord-027960-qzg2jsz6 59 6 economic economic JJ cord-027960-qzg2jsz6 59 7 growth growth NN cord-027960-qzg2jsz6 59 8 contributed contribute VBD cord-027960-qzg2jsz6 59 9 to to IN cord-027960-qzg2jsz6 59 10 per per IN cord-027960-qzg2jsz6 59 11 capita capita FW cord-027960-qzg2jsz6 59 12 income income NN cord-027960-qzg2jsz6 59 13 growth growth NN cord-027960-qzg2jsz6 59 14 and and CC cord-027960-qzg2jsz6 59 15 employment employment NN cord-027960-qzg2jsz6 59 16 . . . cord-027960-qzg2jsz6 60 1 Indeed indeed RB cord-027960-qzg2jsz6 60 2 , , , cord-027960-qzg2jsz6 60 3 the the DT cord-027960-qzg2jsz6 60 4 performance performance NN cord-027960-qzg2jsz6 60 5 of of IN cord-027960-qzg2jsz6 60 6 the the DT cord-027960-qzg2jsz6 60 7 labor labor NN cord-027960-qzg2jsz6 60 8 market market NN cord-027960-qzg2jsz6 60 9 was be VBD cord-027960-qzg2jsz6 60 10 spectacular spectacular JJ cord-027960-qzg2jsz6 60 11 : : : cord-027960-qzg2jsz6 60 12 Between between IN cord-027960-qzg2jsz6 60 13 1997 1997 CD cord-027960-qzg2jsz6 60 14 and and CC cord-027960-qzg2jsz6 60 15 2007 2007 CD cord-027960-qzg2jsz6 60 16 , , , cord-027960-qzg2jsz6 60 17 33 33 CD cord-027960-qzg2jsz6 60 18 % % NN cord-027960-qzg2jsz6 60 19 of of IN cord-027960-qzg2jsz6 60 20 all all PDT cord-027960-qzg2jsz6 60 21 the the DT cord-027960-qzg2jsz6 60 22 total total JJ cord-027960-qzg2jsz6 60 23 employment employment NN cord-027960-qzg2jsz6 60 24 created create VBN cord-027960-qzg2jsz6 60 25 in in IN cord-027960-qzg2jsz6 60 26 the the DT cord-027960-qzg2jsz6 60 27 EU-15 EU-15 NNP cord-027960-qzg2jsz6 60 28 was be VBD cord-027960-qzg2jsz6 60 29 created create VBN cord-027960-qzg2jsz6 60 30 in in IN cord-027960-qzg2jsz6 60 31 Spain Spain NNP cord-027960-qzg2jsz6 60 32 . . . cord-027960-qzg2jsz6 61 1 In in IN cord-027960-qzg2jsz6 61 2 2006 2006 CD cord-027960-qzg2jsz6 61 3 , , , cord-027960-qzg2jsz6 61 4 the the DT cord-027960-qzg2jsz6 61 5 active active JJ cord-027960-qzg2jsz6 61 6 population population NN cord-027960-qzg2jsz6 61 7 increased increase VBD cord-027960-qzg2jsz6 61 8 by by IN cord-027960-qzg2jsz6 61 9 3.5 3.5 CD cord-027960-qzg2jsz6 61 10 % % NN cord-027960-qzg2jsz6 61 11 , , , cord-027960-qzg2jsz6 61 12 the the DT cord-027960-qzg2jsz6 61 13 highest high JJS cord-027960-qzg2jsz6 61 14 in in IN cord-027960-qzg2jsz6 61 15 the the DT cord-027960-qzg2jsz6 61 16 EU EU NNP cord-027960-qzg2jsz6 61 17 ( ( -LRB- cord-027960-qzg2jsz6 61 18 led lead VBN cord-027960-qzg2jsz6 61 19 by by IN cord-027960-qzg2jsz6 61 20 new new JJ cord-027960-qzg2jsz6 61 21 immigrants immigrant NNS cord-027960-qzg2jsz6 61 22 and and CC cord-027960-qzg2jsz6 61 23 the the DT cord-027960-qzg2jsz6 61 24 incorporation incorporation NN cord-027960-qzg2jsz6 61 25 of of IN cord-027960-qzg2jsz6 61 26 women woman NNS cord-027960-qzg2jsz6 61 27 in in IN cord-027960-qzg2jsz6 61 28 the the DT cord-027960-qzg2jsz6 61 29 labor labor NN cord-027960-qzg2jsz6 61 30 market market NN cord-027960-qzg2jsz6 61 31 , , , cord-027960-qzg2jsz6 61 32 which which WDT cord-027960-qzg2jsz6 61 33 increased increase VBD cord-027960-qzg2jsz6 61 34 from from IN cord-027960-qzg2jsz6 61 35 59 59 CD cord-027960-qzg2jsz6 61 36 % % NN cord-027960-qzg2jsz6 61 37 in in IN cord-027960-qzg2jsz6 61 38 1995 1995 CD cord-027960-qzg2jsz6 61 39 to to IN cord-027960-qzg2jsz6 61 40 72 72 CD cord-027960-qzg2jsz6 61 41 % % NN cord-027960-qzg2jsz6 61 42 in in IN cord-027960-qzg2jsz6 61 43 2006 2006 CD cord-027960-qzg2jsz6 61 44 ) ) -RRB- cord-027960-qzg2jsz6 61 45 ; ; : cord-027960-qzg2jsz6 61 46 and and CC cord-027960-qzg2jsz6 61 47 772,000 772,000 CD cord-027960-qzg2jsz6 61 48 new new JJ cord-027960-qzg2jsz6 61 49 jobs job NNS cord-027960-qzg2jsz6 61 50 were be VBD cord-027960-qzg2jsz6 61 51 created create VBN cord-027960-qzg2jsz6 61 52 . . . cord-027960-qzg2jsz6 62 1 The the DT cord-027960-qzg2jsz6 62 2 economic economic JJ cord-027960-qzg2jsz6 62 3 success success NN cord-027960-qzg2jsz6 62 4 extended extend VBN cord-027960-qzg2jsz6 62 5 to to IN cord-027960-qzg2jsz6 62 6 Spanish spanish JJ cord-027960-qzg2jsz6 62 7 companies company NNS cord-027960-qzg2jsz6 62 8 , , , cord-027960-qzg2jsz6 62 9 which which WDT cord-027960-qzg2jsz6 62 10 expanded expand VBD cord-027960-qzg2jsz6 62 11 beyond beyond IN cord-027960-qzg2jsz6 62 12 their -PRON- PRP$ cord-027960-qzg2jsz6 62 13 traditional traditional JJ cord-027960-qzg2jsz6 62 14 frontiers frontier NNS cord-027960-qzg2jsz6 62 15 ( ( -LRB- cord-027960-qzg2jsz6 62 16 Guillén Guillén NNP cord-027960-qzg2jsz6 62 17 2005 2005 CD cord-027960-qzg2jsz6 62 18 ) ) -RRB- cord-027960-qzg2jsz6 62 19 . . . cord-027960-qzg2jsz6 63 1 In in IN cord-027960-qzg2jsz6 63 2 2006 2006 CD cord-027960-qzg2jsz6 63 3 , , , cord-027960-qzg2jsz6 63 4 they -PRON- PRP cord-027960-qzg2jsz6 63 5 spent spend VBD cord-027960-qzg2jsz6 63 6 a a DT cord-027960-qzg2jsz6 63 7 total total NN cord-027960-qzg2jsz6 63 8 of of IN cord-027960-qzg2jsz6 63 9 e140 e140 JJ cord-027960-qzg2jsz6 63 10 billion billion CD cord-027960-qzg2jsz6 63 11 on on IN cord-027960-qzg2jsz6 63 12 domestic domestic JJ cord-027960-qzg2jsz6 63 13 and and CC cord-027960-qzg2jsz6 63 14 overseas overseas JJ cord-027960-qzg2jsz6 63 15 acquisitions acquisition NNS cord-027960-qzg2jsz6 63 16 , , , cord-027960-qzg2jsz6 63 17 putting put VBG cord-027960-qzg2jsz6 63 18 the the DT cord-027960-qzg2jsz6 63 19 country country NN cord-027960-qzg2jsz6 63 20 third third RB cord-027960-qzg2jsz6 63 21 behind behind IN cord-027960-qzg2jsz6 63 22 the the DT cord-027960-qzg2jsz6 63 23 UK UK NNP cord-027960-qzg2jsz6 63 24 and and CC cord-027960-qzg2jsz6 63 25 France France NNP cord-027960-qzg2jsz6 63 26 in in IN cord-027960-qzg2jsz6 63 27 the the DT cord-027960-qzg2jsz6 63 28 EU EU NNP cord-027960-qzg2jsz6 63 29 . . . cord-027960-qzg2jsz6 64 1 Of of IN cord-027960-qzg2jsz6 64 2 this this DT cord-027960-qzg2jsz6 64 3 , , , cord-027960-qzg2jsz6 64 4 e80 e80 NNP cord-027960-qzg2jsz6 64 5 billion billion CD cord-027960-qzg2jsz6 64 6 were be VBD cord-027960-qzg2jsz6 64 7 to to TO cord-027960-qzg2jsz6 64 8 buy buy VB cord-027960-qzg2jsz6 64 9 companies company NNS cord-027960-qzg2jsz6 64 10 abroad abroad RB cord-027960-qzg2jsz6 64 11 ( ( -LRB- cord-027960-qzg2jsz6 64 12 compared compare VBN cord-027960-qzg2jsz6 64 13 with with IN cord-027960-qzg2jsz6 64 14 the the DT cord-027960-qzg2jsz6 64 15 e65 e65 NN cord-027960-qzg2jsz6 64 16 billion billion CD cord-027960-qzg2jsz6 64 17 spent spend VBN cord-027960-qzg2jsz6 64 18 by by IN cord-027960-qzg2jsz6 64 19 German german JJ cord-027960-qzg2jsz6 64 20 companies company NNS cord-027960-qzg2jsz6 64 21 ) ) -RRB- cord-027960-qzg2jsz6 64 22 . . . cord-027960-qzg2jsz6 65 1 In in IN cord-027960-qzg2jsz6 65 2 2006 2006 CD cord-027960-qzg2jsz6 65 3 , , , cord-027960-qzg2jsz6 65 4 Spanish spanish JJ cord-027960-qzg2jsz6 65 5 Foreign Foreign NNP cord-027960-qzg2jsz6 65 6 Direct Direct NNP cord-027960-qzg2jsz6 65 7 Investment Investment NNP cord-027960-qzg2jsz6 65 8 ( ( -LRB- cord-027960-qzg2jsz6 65 9 FDI FDI NNP cord-027960-qzg2jsz6 65 10 ) ) -RRB- cord-027960-qzg2jsz6 65 11 abroad abroad RB cord-027960-qzg2jsz6 65 12 increased increase VBD cord-027960-qzg2jsz6 65 13 113 113 CD cord-027960-qzg2jsz6 65 14 % % NN cord-027960-qzg2jsz6 65 15 , , , cord-027960-qzg2jsz6 65 16 reaching reach VBG cord-027960-qzg2jsz6 65 17 e71.5 e71.5 CD cord-027960-qzg2jsz6 65 18 billion billion CD cord-027960-qzg2jsz6 65 19 ( ( -LRB- cord-027960-qzg2jsz6 65 20 or or CC cord-027960-qzg2jsz6 65 21 the the DT cord-027960-qzg2jsz6 65 22 equivalent equivalent NN cord-027960-qzg2jsz6 65 23 of of IN cord-027960-qzg2jsz6 65 24 7.3 7.3 CD cord-027960-qzg2jsz6 65 25 % % NN cord-027960-qzg2jsz6 65 26 of of IN cord-027960-qzg2jsz6 65 27 GDP gdp NN cord-027960-qzg2jsz6 65 28 , , , cord-027960-qzg2jsz6 65 29 compared compare VBN cord-027960-qzg2jsz6 65 30 with with IN cord-027960-qzg2jsz6 65 31 3.7 3.7 CD cord-027960-qzg2jsz6 65 32 % % NN cord-027960-qzg2jsz6 65 33 in in IN cord-027960-qzg2jsz6 65 34 2005 2005 CD cord-027960-qzg2jsz6 65 35 ) ) -RRB- cord-027960-qzg2jsz6 65 36 . . . cord-027960-qzg2jsz6 66 1 4 4 LS cord-027960-qzg2jsz6 67 1 In in IN cord-027960-qzg2jsz6 67 2 2006 2006 CD cord-027960-qzg2jsz6 67 3 Iberdrola Iberdrola NNP cord-027960-qzg2jsz6 67 4 , , , cord-027960-qzg2jsz6 67 5 an an DT cord-027960-qzg2jsz6 67 6 electricity electricity NN cord-027960-qzg2jsz6 67 7 supplier supplier NN cord-027960-qzg2jsz6 67 8 purchased purchase VBD cord-027960-qzg2jsz6 67 9 Scottish Scottish NNP cord-027960-qzg2jsz6 67 10 Power Power NNP cord-027960-qzg2jsz6 67 11 for for IN cord-027960-qzg2jsz6 67 12 $ $ $ cord-027960-qzg2jsz6 67 13 22.5 22.5 CD cord-027960-qzg2jsz6 67 14 billion billion CD cord-027960-qzg2jsz6 67 15 to to TO cord-027960-qzg2jsz6 67 16 create create VB cord-027960-qzg2jsz6 67 17 Europe Europe NNP cord-027960-qzg2jsz6 67 18 's 's POS cord-027960-qzg2jsz6 67 19 third third RB cord-027960-qzg2jsz6 67 20 largest large JJS cord-027960-qzg2jsz6 67 21 utility utility NN cord-027960-qzg2jsz6 67 22 ; ; : cord-027960-qzg2jsz6 67 23 Banco Banco NNP cord-027960-qzg2jsz6 67 24 Santander Santander NNP cord-027960-qzg2jsz6 67 25 , , , cord-027960-qzg2jsz6 67 26 Spain Spain NNP cord-027960-qzg2jsz6 67 27 's 's POS cord-027960-qzg2jsz6 67 28 largest large JJS cord-027960-qzg2jsz6 67 29 bank bank NN cord-027960-qzg2jsz6 67 30 , , , cord-027960-qzg2jsz6 67 31 purchased purchase VBD cord-027960-qzg2jsz6 67 32 Britain Britain NNP cord-027960-qzg2jsz6 67 33 's 's POS cord-027960-qzg2jsz6 67 34 Abbey Abbey NNP cord-027960-qzg2jsz6 67 35 National National NNP cord-027960-qzg2jsz6 67 36 Bank Bank NNP cord-027960-qzg2jsz6 67 37 for for IN cord-027960-qzg2jsz6 67 38 $ $ $ cord-027960-qzg2jsz6 67 39 24 24 CD cord-027960-qzg2jsz6 67 40 billion billion CD cord-027960-qzg2jsz6 67 41 , , , cord-027960-qzg2jsz6 67 42 Ferrovial Ferrovial NNP cord-027960-qzg2jsz6 67 43 , , , cord-027960-qzg2jsz6 67 44 a a DT cord-027960-qzg2jsz6 67 45 family family NN cord-027960-qzg2jsz6 67 46 construction construction NN cord-027960-qzg2jsz6 67 47 group group NN cord-027960-qzg2jsz6 67 48 , , , cord-027960-qzg2jsz6 67 49 concluded conclude VBD cord-027960-qzg2jsz6 67 50 a a DT cord-027960-qzg2jsz6 67 51 takeover takeover NN cord-027960-qzg2jsz6 67 52 of of IN cord-027960-qzg2jsz6 67 53 the the DT cord-027960-qzg2jsz6 67 54 British british JJ cord-027960-qzg2jsz6 67 55 BAA BAA NNP cord-027960-qzg2jsz6 67 56 ( ( -LRB- cord-027960-qzg2jsz6 67 57 which which WDT cord-027960-qzg2jsz6 67 58 operates operate VBZ cord-027960-qzg2jsz6 67 59 the the DT cord-027960-qzg2jsz6 67 60 three three CD cord-027960-qzg2jsz6 67 61 main main JJ cord-027960-qzg2jsz6 67 62 airports airport NNS cord-027960-qzg2jsz6 67 63 of of IN cord-027960-qzg2jsz6 67 64 the the DT cord-027960-qzg2jsz6 67 65 UK UK NNP cord-027960-qzg2jsz6 67 66 ) ) -RRB- cord-027960-qzg2jsz6 67 67 for for IN cord-027960-qzg2jsz6 67 68 £ £ $ cord-027960-qzg2jsz6 67 69 10 10 CD cord-027960-qzg2jsz6 67 70 billion billion CD cord-027960-qzg2jsz6 67 71 ; ; : cord-027960-qzg2jsz6 67 72 and and CC cord-027960-qzg2jsz6 67 73 Telefonica Telefonica NNP cord-027960-qzg2jsz6 67 74 bought buy VBD cord-027960-qzg2jsz6 67 75 O2 O2 NNP cord-027960-qzg2jsz6 67 76 , , , cord-027960-qzg2jsz6 67 77 the the DT cord-027960-qzg2jsz6 67 78 UK UK NNP cord-027960-qzg2jsz6 67 79 mobile mobile JJ cord-027960-qzg2jsz6 67 80 phone phone NN cord-027960-qzg2jsz6 67 81 company company NN cord-027960-qzg2jsz6 67 82 . . . cord-027960-qzg2jsz6 68 1 Indeed indeed RB cord-027960-qzg2jsz6 68 2 , , , cord-027960-qzg2jsz6 68 3 2006 2006 CD cord-027960-qzg2jsz6 68 4 was be VBD cord-027960-qzg2jsz6 68 5 a a DT cord-027960-qzg2jsz6 68 6 banner banner NN cord-027960-qzg2jsz6 68 7 year year NN cord-027960-qzg2jsz6 68 8 for for IN cord-027960-qzg2jsz6 68 9 Spanish spanish JJ cord-027960-qzg2jsz6 68 10 firms firm NNS cord-027960-qzg2jsz6 68 11 : : : cord-027960-qzg2jsz6 68 12 72 72 CD cord-027960-qzg2jsz6 68 13 % % NN cord-027960-qzg2jsz6 68 14 of of IN cord-027960-qzg2jsz6 68 15 them -PRON- PRP cord-027960-qzg2jsz6 68 16 increased increase VBD cord-027960-qzg2jsz6 68 17 their -PRON- PRP$ cord-027960-qzg2jsz6 68 18 production production NN cord-027960-qzg2jsz6 68 19 and and CC cord-027960-qzg2jsz6 68 20 75.1 75.1 CD cord-027960-qzg2jsz6 68 21 % % NN cord-027960-qzg2jsz6 68 22 their -PRON- PRP$ cord-027960-qzg2jsz6 68 23 profits profit NNS cord-027960-qzg2jsz6 68 24 , , , cord-027960-qzg2jsz6 68 25 55.4 55.4 CD cord-027960-qzg2jsz6 68 26 % % NN cord-027960-qzg2jsz6 68 27 hired hire VBD cord-027960-qzg2jsz6 68 28 new new JJ cord-027960-qzg2jsz6 68 29 employees employee NNS cord-027960-qzg2jsz6 68 30 , , , cord-027960-qzg2jsz6 68 31 and and CC cord-027960-qzg2jsz6 68 32 77.6 77.6 CD cord-027960-qzg2jsz6 68 33 % % NN cord-027960-qzg2jsz6 68 34 increased increase VBD cord-027960-qzg2jsz6 68 35 their -PRON- PRP$ cord-027960-qzg2jsz6 68 36 investments investment NNS cord-027960-qzg2jsz6 68 37 . . . cord-027960-qzg2jsz6 69 1 5 5 LS cord-027960-qzg2jsz6 70 1 The the DT cord-027960-qzg2jsz6 70 2 country country NN cord-027960-qzg2jsz6 70 3 's 's POS cord-027960-qzg2jsz6 70 4 transformation transformation NN cord-027960-qzg2jsz6 70 5 was be VBD cord-027960-qzg2jsz6 70 6 not not RB cord-027960-qzg2jsz6 70 7 only only RB cord-027960-qzg2jsz6 70 8 economic economic JJ cord-027960-qzg2jsz6 70 9 but but CC cord-027960-qzg2jsz6 70 10 also also RB cord-027960-qzg2jsz6 70 11 social social JJ cord-027960-qzg2jsz6 70 12 . . . cord-027960-qzg2jsz6 71 1 The the DT cord-027960-qzg2jsz6 71 2 Spanish Spanish NNP cord-027960-qzg2jsz6 71 3 became become VBD cord-027960-qzg2jsz6 71 4 more more RBR cord-027960-qzg2jsz6 71 5 optimistic optimistic JJ cord-027960-qzg2jsz6 71 6 and and CC cord-027960-qzg2jsz6 71 7 self self NN cord-027960-qzg2jsz6 71 8 - - HYPH cord-027960-qzg2jsz6 71 9 confident confident JJ cord-027960-qzg2jsz6 72 1 ( ( -LRB- cord-027960-qzg2jsz6 72 2 i.e. i.e. FW cord-027960-qzg2jsz6 72 3 , , , cord-027960-qzg2jsz6 72 4 a a DT cord-027960-qzg2jsz6 72 5 Harris Harris NNP cord-027960-qzg2jsz6 72 6 poll poll NN cord-027960-qzg2jsz6 72 7 showed show VBD cord-027960-qzg2jsz6 72 8 that that IN cord-027960-qzg2jsz6 72 9 Spaniards Spaniards NNPS cord-027960-qzg2jsz6 72 10 were be VBD cord-027960-qzg2jsz6 72 11 more more RBR cord-027960-qzg2jsz6 72 12 confident confident JJ cord-027960-qzg2jsz6 72 13 of of IN cord-027960-qzg2jsz6 72 14 their -PRON- PRP$ cord-027960-qzg2jsz6 72 15 economic economic JJ cord-027960-qzg2jsz6 72 16 future future NN cord-027960-qzg2jsz6 72 17 than than IN cord-027960-qzg2jsz6 72 18 their -PRON- PRP$ cord-027960-qzg2jsz6 72 19 European european JJ cord-027960-qzg2jsz6 72 20 and and CC cord-027960-qzg2jsz6 72 21 American american JJ cord-027960-qzg2jsz6 72 22 counterparts counterpart NNS cord-027960-qzg2jsz6 72 23 , , , cord-027960-qzg2jsz6 72 24 and and CC cord-027960-qzg2jsz6 72 25 a a DT cord-027960-qzg2jsz6 72 26 poll poll NN cord-027960-qzg2jsz6 72 27 by by IN cord-027960-qzg2jsz6 72 28 the the DT cord-027960-qzg2jsz6 72 29 Center Center NNP cord-027960-qzg2jsz6 72 30 for for IN cord-027960-qzg2jsz6 72 31 Sociological Sociological NNP cord-027960-qzg2jsz6 72 32 Analysis Analysis NNP cord-027960-qzg2jsz6 72 33 showed show VBD cord-027960-qzg2jsz6 72 34 that that IN cord-027960-qzg2jsz6 72 35 80 80 CD cord-027960-qzg2jsz6 72 36 % % NN cord-027960-qzg2jsz6 72 37 were be VBD cord-027960-qzg2jsz6 72 38 satisfied satisfied JJ cord-027960-qzg2jsz6 72 39 or or CC cord-027960-qzg2jsz6 72 40 very very RB cord-027960-qzg2jsz6 72 41 satisfied satisfied JJ cord-027960-qzg2jsz6 72 42 with with IN cord-027960-qzg2jsz6 72 43 their -PRON- PRP$ cord-027960-qzg2jsz6 72 44 economic economic JJ cord-027960-qzg2jsz6 72 45 situation situation NN cord-027960-qzg2jsz6 72 46 ) ) -RRB- cord-027960-qzg2jsz6 72 47 . . . cord-027960-qzg2jsz6 73 1 Spain Spain NNP cord-027960-qzg2jsz6 73 2 became become VBD cord-027960-qzg2jsz6 73 3 ' ' `` cord-027960-qzg2jsz6 73 4 different different JJ cord-027960-qzg2jsz6 73 5 ' ' '' cord-027960-qzg2jsz6 73 6 again again RB cord-027960-qzg2jsz6 73 7 and and CC cord-027960-qzg2jsz6 73 8 according accord VBG cord-027960-qzg2jsz6 73 9 to to IN cord-027960-qzg2jsz6 73 10 public public JJ cord-027960-qzg2jsz6 73 11 opinion opinion NN cord-027960-qzg2jsz6 73 12 polls poll NNS cord-027960-qzg2jsz6 73 13 it -PRON- PRP cord-027960-qzg2jsz6 73 14 had have VBD cord-027960-qzg2jsz6 73 15 become become VBN cord-027960-qzg2jsz6 73 16 the the DT cord-027960-qzg2jsz6 73 17 most most RBS cord-027960-qzg2jsz6 73 18 popular popular JJ cord-027960-qzg2jsz6 73 19 country country NN cord-027960-qzg2jsz6 73 20 to to TO cord-027960-qzg2jsz6 73 21 work work VB cord-027960-qzg2jsz6 73 22 for for IN cord-027960-qzg2jsz6 73 23 Europeans Europeans NNPS cord-027960-qzg2jsz6 73 24 . . . cord-027960-qzg2jsz6 74 1 6 6 CD cord-027960-qzg2jsz6 75 1 Between between IN cord-027960-qzg2jsz6 75 2 2000 2000 CD cord-027960-qzg2jsz6 75 3 and and CC cord-027960-qzg2jsz6 75 4 2007 2007 CD cord-027960-qzg2jsz6 75 5 , , , cord-027960-qzg2jsz6 75 6 some some DT cord-027960-qzg2jsz6 75 7 5 5 CD cord-027960-qzg2jsz6 75 8 million million CD cord-027960-qzg2jsz6 75 9 immigrants immigrant NNS cord-027960-qzg2jsz6 75 10 ( ( -LRB- cord-027960-qzg2jsz6 75 11 645,000 645,000 CD cord-027960-qzg2jsz6 75 12 in in IN cord-027960-qzg2jsz6 75 13 2004 2004 CD cord-027960-qzg2jsz6 75 14 and and CC cord-027960-qzg2jsz6 75 15 500,000 500,000 CD cord-027960-qzg2jsz6 75 16 in in IN cord-027960-qzg2jsz6 75 17 2006 2006 CD cord-027960-qzg2jsz6 75 18 ) ) -RRB- cord-027960-qzg2jsz6 75 19 settled settle VBN cord-027960-qzg2jsz6 75 20 in in IN cord-027960-qzg2jsz6 75 21 Spain Spain NNP cord-027960-qzg2jsz6 75 22 ( ( -LRB- cord-027960-qzg2jsz6 75 23 8.7 8.7 CD cord-027960-qzg2jsz6 75 24 % % NN cord-027960-qzg2jsz6 75 25 of of IN cord-027960-qzg2jsz6 75 26 the the DT cord-027960-qzg2jsz6 75 27 population population NN cord-027960-qzg2jsz6 75 28 compared compare VBN cord-027960-qzg2jsz6 75 29 with with IN cord-027960-qzg2jsz6 75 30 3.7 3.7 CD cord-027960-qzg2jsz6 75 31 % % NN cord-027960-qzg2jsz6 75 32 in in IN cord-027960-qzg2jsz6 75 33 the the DT cord-027960-qzg2jsz6 75 34 EU15 EU15 NNP cord-027960-qzg2jsz6 75 35 ) ) -RRB- cord-027960-qzg2jsz6 75 36 , , , cord-027960-qzg2jsz6 75 37 making make VBG cord-027960-qzg2jsz6 75 38 the the DT cord-027960-qzg2jsz6 75 39 country country NN cord-027960-qzg2jsz6 75 40 the the DT cord-027960-qzg2jsz6 75 41 biggest big JJS cord-027960-qzg2jsz6 75 42 recipient recipient NN cord-027960-qzg2jsz6 75 43 of of IN cord-027960-qzg2jsz6 75 44 immigrants immigrant NNS cord-027960-qzg2jsz6 75 45 in in IN cord-027960-qzg2jsz6 75 46 the the DT cord-027960-qzg2jsz6 75 47 EU EU NNP cord-027960-qzg2jsz6 75 48 ( ( -LRB- cord-027960-qzg2jsz6 75 49 they -PRON- PRP cord-027960-qzg2jsz6 75 50 represented represent VBD cord-027960-qzg2jsz6 75 51 10 10 CD cord-027960-qzg2jsz6 75 52 % % NN cord-027960-qzg2jsz6 75 53 of of IN cord-027960-qzg2jsz6 75 54 the the DT cord-027960-qzg2jsz6 75 55 contributors contributor NNS cord-027960-qzg2jsz6 75 56 to to IN cord-027960-qzg2jsz6 75 57 the the DT cord-027960-qzg2jsz6 75 58 Social Social NNP cord-027960-qzg2jsz6 75 59 Security Security NNP cord-027960-qzg2jsz6 75 60 system system NN cord-027960-qzg2jsz6 75 61 ) ) -RRB- cord-027960-qzg2jsz6 75 62 . . . cord-027960-qzg2jsz6 76 1 This this DT cord-027960-qzg2jsz6 76 2 was be VBD cord-027960-qzg2jsz6 76 3 a a DT cord-027960-qzg2jsz6 76 4 radical radical JJ cord-027960-qzg2jsz6 76 5 departure departure NN cord-027960-qzg2jsz6 76 6 for for IN cord-027960-qzg2jsz6 76 7 a a DT cord-027960-qzg2jsz6 76 8 country country NN cord-027960-qzg2jsz6 76 9 that that WDT cord-027960-qzg2jsz6 76 10 used use VBD cord-027960-qzg2jsz6 76 11 to to TO cord-027960-qzg2jsz6 76 12 be be VB cord-027960-qzg2jsz6 76 13 a a DT cord-027960-qzg2jsz6 76 14 net net JJ cord-027960-qzg2jsz6 76 15 exporter exporter NN cord-027960-qzg2jsz6 76 16 of of IN cord-027960-qzg2jsz6 76 17 people people NNS cord-027960-qzg2jsz6 76 18 , , , cord-027960-qzg2jsz6 76 19 and and CC cord-027960-qzg2jsz6 76 20 more more RBR cord-027960-qzg2jsz6 76 21 so so RB cord-027960-qzg2jsz6 76 22 because because IN cord-027960-qzg2jsz6 76 23 it -PRON- PRP cord-027960-qzg2jsz6 76 24 was be VBD cord-027960-qzg2jsz6 76 25 able able JJ cord-027960-qzg2jsz6 76 26 to to TO cord-027960-qzg2jsz6 76 27 absorb absorb VB cord-027960-qzg2jsz6 76 28 these these DT cord-027960-qzg2jsz6 76 29 immigrants immigrant NNS cord-027960-qzg2jsz6 76 30 without without IN cord-027960-qzg2jsz6 76 31 falling fall VBG cord-027960-qzg2jsz6 76 32 prey prey NN cord-027960-qzg2jsz6 76 33 ( ( -LRB- cord-027960-qzg2jsz6 76 34 at at IN cord-027960-qzg2jsz6 76 35 least least JJS cord-027960-qzg2jsz6 76 36 so so RB cord-027960-qzg2jsz6 76 37 far far RB cord-027960-qzg2jsz6 76 38 ) ) -RRB- cord-027960-qzg2jsz6 76 39 to to IN cord-027960-qzg2jsz6 76 40 the the DT cord-027960-qzg2jsz6 76 41 social social JJ cord-027960-qzg2jsz6 76 42 tensions tension NNS cord-027960-qzg2jsz6 76 43 that that WDT cord-027960-qzg2jsz6 76 44 have have VBP cord-027960-qzg2jsz6 76 45 plagued plague VBN cord-027960-qzg2jsz6 76 46 other other JJ cord-027960-qzg2jsz6 76 47 European european JJ cord-027960-qzg2jsz6 76 48 countries country NNS cord-027960-qzg2jsz6 76 49 ( ( -LRB- cord-027960-qzg2jsz6 76 50 although although IN cord-027960-qzg2jsz6 76 51 there there EX cord-027960-qzg2jsz6 76 52 have have VBP cord-027960-qzg2jsz6 76 53 been be VBN cord-027960-qzg2jsz6 76 54 isolated isolate VBN cord-027960-qzg2jsz6 76 55 incidents incident NNS cord-027960-qzg2jsz6 76 56 of of IN cord-027960-qzg2jsz6 76 57 racial racial JJ cord-027960-qzg2jsz6 76 58 violence violence NN cord-027960-qzg2jsz6 76 59 ) ) -RRB- cord-027960-qzg2jsz6 76 60 ( ( -LRB- cord-027960-qzg2jsz6 76 61 see see VB cord-027960-qzg2jsz6 76 62 Calavita Calavita NNP cord-027960-qzg2jsz6 76 63 2005 2005 CD cord-027960-qzg2jsz6 76 64 ) ) -RRB- cord-027960-qzg2jsz6 76 65 . . . cord-027960-qzg2jsz6 77 1 7 7 CD cord-027960-qzg2jsz6 78 1 These these DT cord-027960-qzg2jsz6 78 2 immigrants immigrant NNS cord-027960-qzg2jsz6 78 3 contributed contribute VBD cord-027960-qzg2jsz6 78 4 significantly significantly RB cord-027960-qzg2jsz6 78 5 to to IN cord-027960-qzg2jsz6 78 6 the the DT cord-027960-qzg2jsz6 78 7 economic economic JJ cord-027960-qzg2jsz6 78 8 success success NN cord-027960-qzg2jsz6 78 9 of of IN cord-027960-qzg2jsz6 78 10 the the DT cord-027960-qzg2jsz6 78 11 country country NN cord-027960-qzg2jsz6 78 12 in in IN cord-027960-qzg2jsz6 78 13 that that DT cord-027960-qzg2jsz6 78 14 decade decade NN cord-027960-qzg2jsz6 78 15 because because IN cord-027960-qzg2jsz6 78 16 they -PRON- PRP cord-027960-qzg2jsz6 78 17 boosted boost VBD cord-027960-qzg2jsz6 78 18 the the DT cord-027960-qzg2jsz6 78 19 aggregate aggregate JJ cord-027960-qzg2jsz6 78 20 performance performance NN cord-027960-qzg2jsz6 78 21 of of IN cord-027960-qzg2jsz6 78 22 the the DT cord-027960-qzg2jsz6 78 23 economy economy NN cord-027960-qzg2jsz6 78 24 : : : cord-027960-qzg2jsz6 78 25 They -PRON- PRP cord-027960-qzg2jsz6 78 26 raised raise VBD cord-027960-qzg2jsz6 78 27 the the DT cord-027960-qzg2jsz6 78 28 supply supply NN cord-027960-qzg2jsz6 78 29 of of IN cord-027960-qzg2jsz6 78 30 labor labor NN cord-027960-qzg2jsz6 78 31 , , , cord-027960-qzg2jsz6 78 32 increased increase VBN cord-027960-qzg2jsz6 78 33 demand demand NN cord-027960-qzg2jsz6 78 34 as as IN cord-027960-qzg2jsz6 78 35 they -PRON- PRP cord-027960-qzg2jsz6 78 36 spent spend VBD cord-027960-qzg2jsz6 78 37 money money NN cord-027960-qzg2jsz6 78 38 , , , cord-027960-qzg2jsz6 78 39 moderated moderate VBN cord-027960-qzg2jsz6 78 40 wages wage NNS cord-027960-qzg2jsz6 78 41 , , , cord-027960-qzg2jsz6 78 42 and and CC cord-027960-qzg2jsz6 78 43 put put VBD cord-027960-qzg2jsz6 78 44 downward downward JJ cord-027960-qzg2jsz6 78 45 pressure pressure NN cord-027960-qzg2jsz6 78 46 on on IN cord-027960-qzg2jsz6 78 47 inflation inflation NN cord-027960-qzg2jsz6 78 48 , , , cord-027960-qzg2jsz6 78 49 boosted boost VBN cord-027960-qzg2jsz6 78 50 output output NN cord-027960-qzg2jsz6 78 51 , , , cord-027960-qzg2jsz6 78 52 allowed allow VBD cord-027960-qzg2jsz6 78 53 the the DT cord-027960-qzg2jsz6 78 54 labor labor NN cord-027960-qzg2jsz6 78 55 market market NN cord-027960-qzg2jsz6 78 56 to to TO cord-027960-qzg2jsz6 78 57 avoid avoid VB cord-027960-qzg2jsz6 78 58 labor labor NN cord-027960-qzg2jsz6 78 59 shortages shortage NNS cord-027960-qzg2jsz6 78 60 , , , cord-027960-qzg2jsz6 78 61 contributed contribute VBD cord-027960-qzg2jsz6 78 62 to to IN cord-027960-qzg2jsz6 78 63 consumption consumption NN cord-027960-qzg2jsz6 78 64 , , , cord-027960-qzg2jsz6 78 65 and and CC cord-027960-qzg2jsz6 78 66 increased increase VBD cord-027960-qzg2jsz6 78 67 more more JJR cord-027960-qzg2jsz6 78 68 flexibility flexibility NN cord-027960-qzg2jsz6 78 69 in in IN cord-027960-qzg2jsz6 78 70 the the DT cord-027960-qzg2jsz6 78 71 economy economy NN cord-027960-qzg2jsz6 78 72 with with IN cord-027960-qzg2jsz6 78 73 their -PRON- PRP$ cord-027960-qzg2jsz6 78 74 mobility mobility NN cord-027960-qzg2jsz6 78 75 and and CC cord-027960-qzg2jsz6 78 76 willingness willingness NN cord-027960-qzg2jsz6 78 77 to to TO cord-027960-qzg2jsz6 78 78 take take VB cord-027960-qzg2jsz6 78 79 on on RP cord-027960-qzg2jsz6 78 80 low low RB cord-027960-qzg2jsz6 78 81 - - HYPH cord-027960-qzg2jsz6 78 82 paid pay VBN cord-027960-qzg2jsz6 78 83 jobs job NNS cord-027960-qzg2jsz6 78 84 in in IN cord-027960-qzg2jsz6 78 85 sectors sector NNS cord-027960-qzg2jsz6 78 86 such such JJ cord-027960-qzg2jsz6 78 87 as as IN cord-027960-qzg2jsz6 78 88 construction construction NN cord-027960-qzg2jsz6 78 89 and and CC cord-027960-qzg2jsz6 78 90 agriculture agriculture NN cord-027960-qzg2jsz6 78 91 , , , cord-027960-qzg2jsz6 78 92 in in IN cord-027960-qzg2jsz6 78 93 which which WDT cord-027960-qzg2jsz6 78 94 the the DT cord-027960-qzg2jsz6 78 95 Spanish Spanish NNP cord-027960-qzg2jsz6 78 96 were be VBD cord-027960-qzg2jsz6 78 97 no no RB cord-027960-qzg2jsz6 78 98 longer long RBR cord-027960-qzg2jsz6 78 99 interested interested JJ cord-027960-qzg2jsz6 78 100 . . . cord-027960-qzg2jsz6 79 1 8 8 CD cord-027960-qzg2jsz6 80 1 Indeed indeed RB cord-027960-qzg2jsz6 80 2 , , , cord-027960-qzg2jsz6 80 3 an an DT cord-027960-qzg2jsz6 80 4 important important JJ cord-027960-qzg2jsz6 80 5 factor factor NN cord-027960-qzg2jsz6 80 6 in in IN cord-027960-qzg2jsz6 80 7 the the DT cord-027960-qzg2jsz6 80 8 per per FW cord-027960-qzg2jsz6 80 9 capita capita FW cord-027960-qzg2jsz6 80 10 convergence convergence NN cord-027960-qzg2jsz6 80 11 surge surge NN cord-027960-qzg2jsz6 80 12 with with IN cord-027960-qzg2jsz6 80 13 the the DT cord-027960-qzg2jsz6 80 14 EU EU NNP cord-027960-qzg2jsz6 80 15 after after IN cord-027960-qzg2jsz6 80 16 2000 2000 CD cord-027960-qzg2jsz6 80 17 was be VBD cord-027960-qzg2jsz6 80 18 the the DT cord-027960-qzg2jsz6 80 19 substantive substantive JJ cord-027960-qzg2jsz6 80 20 revision revision NN cord-027960-qzg2jsz6 80 21 of of IN cord-027960-qzg2jsz6 80 22 the the DT cord-027960-qzg2jsz6 80 23 Spanish spanish JJ cord-027960-qzg2jsz6 80 24 GDP GDP NNP cord-027960-qzg2jsz6 80 25 data datum NNS cord-027960-qzg2jsz6 80 26 as as IN cord-027960-qzg2jsz6 80 27 a a DT cord-027960-qzg2jsz6 80 28 result result NN cord-027960-qzg2jsz6 80 29 of of IN cord-027960-qzg2jsz6 80 30 changes change NNS cord-027960-qzg2jsz6 80 31 in in IN cord-027960-qzg2jsz6 80 32 the the DT cord-027960-qzg2jsz6 80 33 National National NNP cord-027960-qzg2jsz6 80 34 Accounts Accounts NNPS cord-027960-qzg2jsz6 80 35 from from IN cord-027960-qzg2jsz6 80 36 1995 1995 CD cord-027960-qzg2jsz6 80 37 to to IN cord-027960-qzg2jsz6 80 38 2000 2000 CD cord-027960-qzg2jsz6 80 39 . . . cord-027960-qzg2jsz6 81 1 These these DT cord-027960-qzg2jsz6 81 2 changes change NNS cord-027960-qzg2jsz6 81 3 represented represent VBD cord-027960-qzg2jsz6 81 4 an an DT cord-027960-qzg2jsz6 81 5 increase increase NN cord-027960-qzg2jsz6 81 6 in in IN cord-027960-qzg2jsz6 81 7 GPD gpd NN cord-027960-qzg2jsz6 81 8 per per IN cord-027960-qzg2jsz6 81 9 capita capita NN cord-027960-qzg2jsz6 81 10 of of IN cord-027960-qzg2jsz6 81 11 4 4 CD cord-027960-qzg2jsz6 81 12 % % NN cord-027960-qzg2jsz6 81 13 in in IN cord-027960-qzg2jsz6 81 14 real real JJ cord-027960-qzg2jsz6 81 15 terms term NNS cord-027960-qzg2jsz6 81 16 ( ( -LRB- cord-027960-qzg2jsz6 81 17 the the DT cord-027960-qzg2jsz6 81 18 equivalent equivalent NN cord-027960-qzg2jsz6 81 19 of of IN cord-027960-qzg2jsz6 81 20 Slovakia Slovakia NNP cord-027960-qzg2jsz6 81 21 's 's POS cord-027960-qzg2jsz6 81 22 GDP GDP NNP cord-027960-qzg2jsz6 81 23 ) ) -RRB- cord-027960-qzg2jsz6 81 24 . . . cord-027960-qzg2jsz6 82 1 This this DT cord-027960-qzg2jsz6 82 2 dramatic dramatic JJ cord-027960-qzg2jsz6 82 3 change change NN cord-027960-qzg2jsz6 82 4 was be VBD cord-027960-qzg2jsz6 82 5 the the DT cord-027960-qzg2jsz6 82 6 result result NN cord-027960-qzg2jsz6 82 7 of of IN cord-027960-qzg2jsz6 82 8 the the DT cord-027960-qzg2jsz6 82 9 significant significant JJ cord-027960-qzg2jsz6 82 10 growth growth NN cord-027960-qzg2jsz6 82 11 of of IN cord-027960-qzg2jsz6 82 12 the the DT cord-027960-qzg2jsz6 82 13 Spanish spanish JJ cord-027960-qzg2jsz6 82 14 population population NN cord-027960-qzg2jsz6 82 15 since since IN cord-027960-qzg2jsz6 82 16 1998 1998 CD cord-027960-qzg2jsz6 82 17 as as IN cord-027960-qzg2jsz6 82 18 a a DT cord-027960-qzg2jsz6 82 19 result result NN cord-027960-qzg2jsz6 82 20 of of IN cord-027960-qzg2jsz6 82 21 the the DT cord-027960-qzg2jsz6 82 22 surge surge NN cord-027960-qzg2jsz6 82 23 in in IN cord-027960-qzg2jsz6 82 24 immigration immigration NN cord-027960-qzg2jsz6 82 25 ( ( -LRB- cord-027960-qzg2jsz6 82 26 for for IN cord-027960-qzg2jsz6 82 27 instance instance NN cord-027960-qzg2jsz6 82 28 in in IN cord-027960-qzg2jsz6 82 29 2003 2003 CD cord-027960-qzg2jsz6 82 30 population population NN cord-027960-qzg2jsz6 82 31 grew grow VBD cord-027960-qzg2jsz6 82 32 2.1 2.1 CD cord-027960-qzg2jsz6 82 33 % % NN cord-027960-qzg2jsz6 82 34 ) ) -RRB- cord-027960-qzg2jsz6 82 35 . . . cord-027960-qzg2jsz6 83 1 The the DT cord-027960-qzg2jsz6 83 2 key key JJ cord-027960-qzg2jsz6 83 3 factor factor NN cord-027960-qzg2jsz6 83 4 in in IN cord-027960-qzg2jsz6 83 5 this this DT cord-027960-qzg2jsz6 83 6 acceleration acceleration NN cord-027960-qzg2jsz6 83 7 of of IN cord-027960-qzg2jsz6 83 8 convergence convergence NN cord-027960-qzg2jsz6 83 9 , , , cord-027960-qzg2jsz6 83 10 given give VBN cord-027960-qzg2jsz6 83 11 the the DT cord-027960-qzg2jsz6 83 12 negative negative JJ cord-027960-qzg2jsz6 83 13 behavior behavior NN cord-027960-qzg2jsz6 83 14 of of IN cord-027960-qzg2jsz6 83 15 productivity productivity NN cord-027960-qzg2jsz6 83 16 ( ( -LRB- cord-027960-qzg2jsz6 83 17 if if IN cord-027960-qzg2jsz6 83 18 productivity productivity NN cord-027960-qzg2jsz6 83 19 had have VBD cord-027960-qzg2jsz6 83 20 grown grow VBN cord-027960-qzg2jsz6 83 21 at at IN cord-027960-qzg2jsz6 83 22 the the DT cord-027960-qzg2jsz6 83 23 EU EU NNP cord-027960-qzg2jsz6 83 24 6 6 CD cord-027960-qzg2jsz6 84 1 According accord VBG cord-027960-qzg2jsz6 84 2 to to IN cord-027960-qzg2jsz6 84 3 the the DT cord-027960-qzg2jsz6 84 4 Financial Financial NNP cord-027960-qzg2jsz6 84 5 Times Times NNP cord-027960-qzg2jsz6 84 6 , , , cord-027960-qzg2jsz6 84 7 17 17 CD cord-027960-qzg2jsz6 84 8 % % NN cord-027960-qzg2jsz6 84 9 of of IN cord-027960-qzg2jsz6 84 10 those those DT cord-027960-qzg2jsz6 84 11 polled poll VBN cord-027960-qzg2jsz6 84 12 selected select VBN cord-027960-qzg2jsz6 84 13 Spain Spain NNP cord-027960-qzg2jsz6 84 14 as as IN cord-027960-qzg2jsz6 84 15 the the DT cord-027960-qzg2jsz6 84 16 country country NN cord-027960-qzg2jsz6 84 17 where where WRB cord-027960-qzg2jsz6 84 18 they -PRON- PRP cord-027960-qzg2jsz6 84 19 would would MD cord-027960-qzg2jsz6 84 20 prefer prefer VB cord-027960-qzg2jsz6 84 21 to to TO cord-027960-qzg2jsz6 84 22 work work VB cord-027960-qzg2jsz6 84 23 ahead ahead RB cord-027960-qzg2jsz6 84 24 of of IN cord-027960-qzg2jsz6 84 25 the the DT cord-027960-qzg2jsz6 84 26 UK UK NNP cord-027960-qzg2jsz6 84 27 ( ( -LRB- cord-027960-qzg2jsz6 84 28 15 15 CD cord-027960-qzg2jsz6 84 29 % % NN cord-027960-qzg2jsz6 84 30 ) ) -RRB- cord-027960-qzg2jsz6 84 31 and and CC cord-027960-qzg2jsz6 84 32 France France NNP cord-027960-qzg2jsz6 84 33 ( ( -LRB- cord-027960-qzg2jsz6 84 34 11 11 CD cord-027960-qzg2jsz6 84 35 % % NN cord-027960-qzg2jsz6 84 36 ) ) -RRB- cord-027960-qzg2jsz6 84 37 . . . cord-027960-qzg2jsz6 85 1 See see VB cord-027960-qzg2jsz6 85 2 " " `` cord-027960-qzg2jsz6 85 3 España España NNP cord-027960-qzg2jsz6 85 4 vuelve vuelve NNP cord-027960-qzg2jsz6 85 5 a a DT cord-027960-qzg2jsz6 85 6 ser ser FW cord-027960-qzg2jsz6 85 7 diferente diferente FW cord-027960-qzg2jsz6 85 8 , , , cord-027960-qzg2jsz6 85 9 " " '' cord-027960-qzg2jsz6 85 10 El El NNP cord-027960-qzg2jsz6 85 11 País País NNP cord-027960-qzg2jsz6 85 12 , , , cord-027960-qzg2jsz6 85 13 February February NNP cord-027960-qzg2jsz6 85 14 19 19 CD cord-027960-qzg2jsz6 85 15 , , , cord-027960-qzg2jsz6 85 16 2007 2007 CD cord-027960-qzg2jsz6 85 17 , , , cord-027960-qzg2jsz6 85 18 and and CC cord-027960-qzg2jsz6 85 19 Financial Financial NNP cord-027960-qzg2jsz6 85 20 Times Times NNP cord-027960-qzg2jsz6 85 21 , , , cord-027960-qzg2jsz6 85 22 February February NNP cord-027960-qzg2jsz6 85 23 19 19 CD cord-027960-qzg2jsz6 85 24 , , , cord-027960-qzg2jsz6 85 25 2007 2007 CD cord-027960-qzg2jsz6 85 26 . . . cord-027960-qzg2jsz6 86 1 7 7 CD cord-027960-qzg2jsz6 87 1 Calativa Calativa NNP cord-027960-qzg2jsz6 87 2 provides provide VBZ cord-027960-qzg2jsz6 87 3 a a DT cord-027960-qzg2jsz6 87 4 detailed detailed JJ cord-027960-qzg2jsz6 87 5 analysis analysis NN cord-027960-qzg2jsz6 87 6 of of IN cord-027960-qzg2jsz6 87 7 the the DT cord-027960-qzg2jsz6 87 8 immigration immigration NN cord-027960-qzg2jsz6 87 9 experience experience NN cord-027960-qzg2jsz6 87 10 in in IN cord-027960-qzg2jsz6 87 11 Spain Spain NNP cord-027960-qzg2jsz6 87 12 and and CC cord-027960-qzg2jsz6 87 13 exposes expose VBZ cord-027960-qzg2jsz6 87 14 the the DT cord-027960-qzg2jsz6 87 15 tensions tension NNS cord-027960-qzg2jsz6 87 16 associated associate VBN cord-027960-qzg2jsz6 87 17 with with IN cord-027960-qzg2jsz6 87 18 this this DT cord-027960-qzg2jsz6 87 19 development development NN cord-027960-qzg2jsz6 87 20 . . . cord-027960-qzg2jsz6 88 1 She -PRON- PRP cord-027960-qzg2jsz6 88 2 also also RB cord-027960-qzg2jsz6 88 3 highlights highlight VBZ cord-027960-qzg2jsz6 88 4 the the DT cord-027960-qzg2jsz6 88 5 shortcomings shortcoming NNS cord-027960-qzg2jsz6 88 6 of of IN cord-027960-qzg2jsz6 88 7 governments government NNS cord-027960-qzg2jsz6 88 8 ' ' POS cord-027960-qzg2jsz6 88 9 actions action NNS cord-027960-qzg2jsz6 88 10 in in IN cord-027960-qzg2jsz6 88 11 regard regard NN cord-027960-qzg2jsz6 88 12 to to IN cord-027960-qzg2jsz6 88 13 integration integration NN cord-027960-qzg2jsz6 88 14 , , , cord-027960-qzg2jsz6 88 15 and and CC cord-027960-qzg2jsz6 88 16 the the DT cord-027960-qzg2jsz6 88 17 impact impact NN cord-027960-qzg2jsz6 88 18 of of IN cord-027960-qzg2jsz6 88 19 lack lack NN cord-027960-qzg2jsz6 88 20 of of IN cord-027960-qzg2jsz6 88 21 integration integration NN cord-027960-qzg2jsz6 88 22 on on IN cord-027960-qzg2jsz6 88 23 exclusion exclusion NN cord-027960-qzg2jsz6 88 24 , , , cord-027960-qzg2jsz6 88 25 criminalization criminalization NN cord-027960-qzg2jsz6 88 26 , , , cord-027960-qzg2jsz6 88 27 and and CC cord-027960-qzg2jsz6 88 28 radicalization radicalization NN cord-027960-qzg2jsz6 88 29 . . . cord-027960-qzg2jsz6 89 1 See see VB cord-027960-qzg2jsz6 89 2 2005 2005 CD cord-027960-qzg2jsz6 89 3 . . . cord-027960-qzg2jsz6 90 1 8 8 CD cord-027960-qzg2jsz6 91 1 " " `` cord-027960-qzg2jsz6 91 2 Immigrants immigrant NNS cord-027960-qzg2jsz6 91 3 Boost boost VBP cord-027960-qzg2jsz6 91 4 British british JJ cord-027960-qzg2jsz6 91 5 and and CC cord-027960-qzg2jsz6 91 6 Spanish spanish JJ cord-027960-qzg2jsz6 91 7 Economies economy NNS cord-027960-qzg2jsz6 91 8 , , , cord-027960-qzg2jsz6 91 9 " " '' cord-027960-qzg2jsz6 91 10 Financial Financial NNP cord-027960-qzg2jsz6 91 11 Times Times NNP cord-027960-qzg2jsz6 91 12 , , , cord-027960-qzg2jsz6 91 13 Tuesday Tuesday NNP cord-027960-qzg2jsz6 91 14 , , , cord-027960-qzg2jsz6 91 15 February February NNP cord-027960-qzg2jsz6 91 16 20 20 CD cord-027960-qzg2jsz6 91 17 , , , cord-027960-qzg2jsz6 91 18 2007 2007 CD cord-027960-qzg2jsz6 91 19 , , , cord-027960-qzg2jsz6 91 20 p. p. NN cord-027960-qzg2jsz6 91 21 3 3 CD cord-027960-qzg2jsz6 91 22 . . . cord-027960-qzg2jsz6 92 1 average average JJ cord-027960-qzg2jsz6 92 2 Spain Spain NNP cord-027960-qzg2jsz6 92 3 would would MD cord-027960-qzg2jsz6 92 4 have have VB cord-027960-qzg2jsz6 92 5 surpassed surpass VBN cord-027960-qzg2jsz6 92 6 in in IN cord-027960-qzg2jsz6 92 7 2007 2007 CD cord-027960-qzg2jsz6 92 8 the the DT cord-027960-qzg2jsz6 92 9 EU EU NNP cord-027960-qzg2jsz6 92 10 per per IN cord-027960-qzg2jsz6 92 11 capita capita NN cord-027960-qzg2jsz6 92 12 average average NN cord-027960-qzg2jsz6 92 13 by by IN cord-027960-qzg2jsz6 92 14 3 3 CD cord-027960-qzg2jsz6 92 15 points point NNS cord-027960-qzg2jsz6 92 16 ) ) -RRB- cord-027960-qzg2jsz6 92 17 , , , cord-027960-qzg2jsz6 92 18 was be VBD cord-027960-qzg2jsz6 92 19 the the DT cord-027960-qzg2jsz6 92 20 important important JJ cord-027960-qzg2jsz6 92 21 increase increase NN cord-027960-qzg2jsz6 92 22 in in IN cord-027960-qzg2jsz6 92 23 the the DT cord-027960-qzg2jsz6 92 24 participation participation NN cord-027960-qzg2jsz6 92 25 rate rate NN cord-027960-qzg2jsz6 92 26 , , , cord-027960-qzg2jsz6 92 27 which which WDT cord-027960-qzg2jsz6 92 28 was be VBD cord-027960-qzg2jsz6 92 29 the the DT cord-027960-qzg2jsz6 92 30 result result NN cord-027960-qzg2jsz6 92 31 of of IN cord-027960-qzg2jsz6 92 32 the the DT cord-027960-qzg2jsz6 92 33 reduction reduction NN cord-027960-qzg2jsz6 92 34 in in IN cord-027960-qzg2jsz6 92 35 unemployment unemployment NN cord-027960-qzg2jsz6 92 36 , , , cord-027960-qzg2jsz6 92 37 and and CC cord-027960-qzg2jsz6 92 38 the the DT cord-027960-qzg2jsz6 92 39 increase increase NN cord-027960-qzg2jsz6 92 40 in in IN cord-027960-qzg2jsz6 92 41 the the DT cord-027960-qzg2jsz6 92 42 activity activity NN cord-027960-qzg2jsz6 92 43 rate rate NN cord-027960-qzg2jsz6 92 44 ( ( -LRB- cord-027960-qzg2jsz6 92 45 the the DT cord-027960-qzg2jsz6 92 46 proportion proportion NN cord-027960-qzg2jsz6 92 47 of of IN cord-027960-qzg2jsz6 92 48 people people NNS cord-027960-qzg2jsz6 92 49 of of IN cord-027960-qzg2jsz6 92 50 working work VBG cord-027960-qzg2jsz6 92 51 age age NN cord-027960-qzg2jsz6 92 52 who who WP cord-027960-qzg2jsz6 92 53 have have VBP cord-027960-qzg2jsz6 92 54 a a DT cord-027960-qzg2jsz6 92 55 job job NN cord-027960-qzg2jsz6 92 56 or or CC cord-027960-qzg2jsz6 92 57 are be VBP cord-027960-qzg2jsz6 92 58 actively actively RB cord-027960-qzg2jsz6 92 59 seeking seek VBG cord-027960-qzg2jsz6 92 60 one one CD cord-027960-qzg2jsz6 92 61 ) ) -RRB- cord-027960-qzg2jsz6 92 62 that that WDT cord-027960-qzg2jsz6 92 63 followed follow VBD cord-027960-qzg2jsz6 92 64 the the DT cord-027960-qzg2jsz6 92 65 incorporation incorporation NN cord-027960-qzg2jsz6 92 66 of of IN cord-027960-qzg2jsz6 92 67 female female JJ cord-027960-qzg2jsz6 92 68 workers worker NNS cord-027960-qzg2jsz6 92 69 into into IN cord-027960-qzg2jsz6 92 70 the the DT cord-027960-qzg2jsz6 92 71 labor labor NN cord-027960-qzg2jsz6 92 72 market market NN cord-027960-qzg2jsz6 92 73 and and CC cord-027960-qzg2jsz6 92 74 immigration immigration NN cord-027960-qzg2jsz6 92 75 growth growth NN cord-027960-qzg2jsz6 92 76 . . . cord-027960-qzg2jsz6 93 1 Indeed indeed RB cord-027960-qzg2jsz6 93 2 between between IN cord-027960-qzg2jsz6 93 3 2000 2000 CD cord-027960-qzg2jsz6 93 4 and and CC cord-027960-qzg2jsz6 93 5 2004 2004 CD cord-027960-qzg2jsz6 93 6 , , , cord-027960-qzg2jsz6 93 7 the the DT cord-027960-qzg2jsz6 93 8 immigrant immigrant JJ cord-027960-qzg2jsz6 93 9 population population NN cord-027960-qzg2jsz6 93 10 has have VBZ cord-027960-qzg2jsz6 93 11 multiplied multiply VBN cord-027960-qzg2jsz6 93 12 by by IN cord-027960-qzg2jsz6 93 13 threefold threefold NN cord-027960-qzg2jsz6 93 14 . . . cord-027960-qzg2jsz6 94 1 As as IN cord-027960-qzg2jsz6 94 2 a a DT cord-027960-qzg2jsz6 94 3 matter matter NN cord-027960-qzg2jsz6 94 4 of of IN cord-027960-qzg2jsz6 94 5 fact fact NN cord-027960-qzg2jsz6 94 6 , , , cord-027960-qzg2jsz6 94 7 most most JJS cord-027960-qzg2jsz6 94 8 of of IN cord-027960-qzg2jsz6 94 9 the the DT cord-027960-qzg2jsz6 94 10 772,000 772,000 CD cord-027960-qzg2jsz6 94 11 new new JJ cord-027960-qzg2jsz6 94 12 jobs job NNS cord-027960-qzg2jsz6 94 13 created create VBN cord-027960-qzg2jsz6 94 14 in in IN cord-027960-qzg2jsz6 94 15 Spain Spain NNP cord-027960-qzg2jsz6 94 16 in in IN cord-027960-qzg2jsz6 94 17 2006 2006 CD cord-027960-qzg2jsz6 94 18 went go VBD cord-027960-qzg2jsz6 94 19 to to IN cord-027960-qzg2jsz6 94 20 immigrants immigrant NNS cord-027960-qzg2jsz6 94 21 ( ( -LRB- cord-027960-qzg2jsz6 94 22 about about RB cord-027960-qzg2jsz6 94 23 60 60 CD cord-027960-qzg2jsz6 94 24 % % NN cord-027960-qzg2jsz6 94 25 ) ) -RRB- cord-027960-qzg2jsz6 94 26 . . . cord-027960-qzg2jsz6 95 1 Their -PRON- PRP$ cord-027960-qzg2jsz6 95 2 motivation motivation NN cord-027960-qzg2jsz6 95 3 to to TO cord-027960-qzg2jsz6 95 4 work work VB cord-027960-qzg2jsz6 95 5 hard hard RB cord-027960-qzg2jsz6 95 6 also also RB cord-027960-qzg2jsz6 95 7 opened open VBD cord-027960-qzg2jsz6 95 8 the the DT cord-027960-qzg2jsz6 95 9 way way NN cord-027960-qzg2jsz6 95 10 for for IN cord-027960-qzg2jsz6 95 11 productivity productivity NN cord-027960-qzg2jsz6 95 12 improvements improvement NNS cord-027960-qzg2jsz6 95 13 ( ( -LRB- cord-027960-qzg2jsz6 95 14 which which WDT cord-027960-qzg2jsz6 95 15 in in IN cord-027960-qzg2jsz6 95 16 2006 2006 CD cord-027960-qzg2jsz6 95 17 experienced experience VBD cord-027960-qzg2jsz6 95 18 the the DT cord-027960-qzg2jsz6 95 19 largest large JJS cord-027960-qzg2jsz6 95 20 increase increase NN cord-027960-qzg2jsz6 95 21 since since IN cord-027960-qzg2jsz6 95 22 1997 1997 CD cord-027960-qzg2jsz6 95 23 , , , cord-027960-qzg2jsz6 95 24 with with IN cord-027960-qzg2jsz6 95 25 a a DT cord-027960-qzg2jsz6 95 26 0.8 0.8 CD cord-027960-qzg2jsz6 95 27 % % NN cord-027960-qzg2jsz6 95 28 raise raise NN cord-027960-qzg2jsz6 95 29 ) ) -RRB- cord-027960-qzg2jsz6 95 30 . . . cord-027960-qzg2jsz6 96 1 It -PRON- PRP cord-027960-qzg2jsz6 96 2 is be VBZ cord-027960-qzg2jsz6 96 3 estimated estimate VBN cord-027960-qzg2jsz6 96 4 that that IN cord-027960-qzg2jsz6 96 5 the the DT cord-027960-qzg2jsz6 96 6 contribution contribution NN cord-027960-qzg2jsz6 96 7 of of IN cord-027960-qzg2jsz6 96 8 immigrants immigrant NNS cord-027960-qzg2jsz6 96 9 to to IN cord-027960-qzg2jsz6 96 10 GDP GDP NNP cord-027960-qzg2jsz6 96 11 had have VBD cord-027960-qzg2jsz6 96 12 been be VBN cord-027960-qzg2jsz6 96 13 of of IN cord-027960-qzg2jsz6 96 14 0.8 0.8 CD cord-027960-qzg2jsz6 96 15 percentage percentage NN cord-027960-qzg2jsz6 96 16 points point NNS cord-027960-qzg2jsz6 96 17 in in IN cord-027960-qzg2jsz6 96 18 the the DT cord-027960-qzg2jsz6 96 19 four four CD cord-027960-qzg2jsz6 96 20 years year NNS cord-027960-qzg2jsz6 96 21 to to IN cord-027960-qzg2jsz6 96 22 2007 2007 CD cord-027960-qzg2jsz6 96 23 . . . cord-027960-qzg2jsz6 97 1 9 9 CD cord-027960-qzg2jsz6 97 2 Immigration immigration NN cord-027960-qzg2jsz6 97 3 represented represent VBD cord-027960-qzg2jsz6 97 4 more more JJR cord-027960-qzg2jsz6 97 5 than than IN cord-027960-qzg2jsz6 97 6 50 50 CD cord-027960-qzg2jsz6 97 7 % % NN cord-027960-qzg2jsz6 97 8 of of IN cord-027960-qzg2jsz6 97 9 employment employment NN cord-027960-qzg2jsz6 97 10 growth growth NN cord-027960-qzg2jsz6 97 11 , , , cord-027960-qzg2jsz6 97 12 and and CC cord-027960-qzg2jsz6 97 13 78.6 78.6 CD cord-027960-qzg2jsz6 97 14 % % NN cord-027960-qzg2jsz6 97 15 of of IN cord-027960-qzg2jsz6 97 16 the the DT cord-027960-qzg2jsz6 97 17 demographic demographic JJ cord-027960-qzg2jsz6 97 18 growth growth NN cord-027960-qzg2jsz6 97 19 ( ( -LRB- cord-027960-qzg2jsz6 97 20 as as IN cord-027960-qzg2jsz6 97 21 a a DT cord-027960-qzg2jsz6 97 22 result result NN cord-027960-qzg2jsz6 97 23 Spain Spain NNP cord-027960-qzg2jsz6 97 24 led lead VBD cord-027960-qzg2jsz6 97 25 the the DT cord-027960-qzg2jsz6 97 26 demographic demographic JJ cord-027960-qzg2jsz6 97 27 growth growth NN cord-027960-qzg2jsz6 97 28 of of IN cord-027960-qzg2jsz6 97 29 the the DT cord-027960-qzg2jsz6 97 30 European european JJ cord-027960-qzg2jsz6 97 31 countries country NNS cord-027960-qzg2jsz6 97 32 between between IN cord-027960-qzg2jsz6 97 33 1995 1995 CD cord-027960-qzg2jsz6 97 34 and and CC cord-027960-qzg2jsz6 97 35 2005 2005 CD cord-027960-qzg2jsz6 97 36 with with IN cord-027960-qzg2jsz6 97 37 a a DT cord-027960-qzg2jsz6 97 38 demographic demographic JJ cord-027960-qzg2jsz6 97 39 advance advance NN cord-027960-qzg2jsz6 97 40 of of IN cord-027960-qzg2jsz6 97 41 10.7 10.7 CD cord-027960-qzg2jsz6 97 42 % % NN cord-027960-qzg2jsz6 97 43 compared compare VBN cord-027960-qzg2jsz6 97 44 with with IN cord-027960-qzg2jsz6 97 45 the the DT cord-027960-qzg2jsz6 97 46 EU15 EU15 NNP cord-027960-qzg2jsz6 97 47 average average NN cord-027960-qzg2jsz6 97 48 of of IN cord-027960-qzg2jsz6 97 49 4.8 4.8 CD cord-027960-qzg2jsz6 97 50 % % NN cord-027960-qzg2jsz6 97 51 ) ) -RRB- cord-027960-qzg2jsz6 97 52 . . . cord-027960-qzg2jsz6 98 1 10 10 CD cord-027960-qzg2jsz6 99 1 They -PRON- PRP cord-027960-qzg2jsz6 99 2 also also RB cord-027960-qzg2jsz6 99 3 contributed contribute VBD cord-027960-qzg2jsz6 99 4 to to IN cord-027960-qzg2jsz6 99 5 the the DT cord-027960-qzg2jsz6 99 6 huge huge JJ cord-027960-qzg2jsz6 99 7 increase increase NN cord-027960-qzg2jsz6 99 8 in in IN cord-027960-qzg2jsz6 99 9 employment employment NN cord-027960-qzg2jsz6 99 10 , , , cord-027960-qzg2jsz6 99 11 which which WDT cord-027960-qzg2jsz6 99 12 was be VBD cord-027960-qzg2jsz6 99 13 one one CD cord-027960-qzg2jsz6 99 14 of of IN cord-027960-qzg2jsz6 99 15 the the DT cord-027960-qzg2jsz6 99 16 key key JJ cord-027960-qzg2jsz6 99 17 reasons reason NNS cord-027960-qzg2jsz6 99 18 for for IN cord-027960-qzg2jsz6 99 19 the the DT cord-027960-qzg2jsz6 99 20 impressive impressive JJ cord-027960-qzg2jsz6 99 21 economic economic JJ cord-027960-qzg2jsz6 99 22 expansion expansion NN cord-027960-qzg2jsz6 99 23 . . . cord-027960-qzg2jsz6 100 1 Indeed indeed RB cord-027960-qzg2jsz6 100 2 , , , cord-027960-qzg2jsz6 100 3 between between IN cord-027960-qzg2jsz6 100 4 1988 1988 CD cord-027960-qzg2jsz6 100 5 and and CC cord-027960-qzg2jsz6 100 6 2006 2006 CD cord-027960-qzg2jsz6 100 7 , , , cord-027960-qzg2jsz6 100 8 employment employment NN cord-027960-qzg2jsz6 100 9 contributed contribute VBD cord-027960-qzg2jsz6 100 10 3 3 CD cord-027960-qzg2jsz6 100 11 percentage percentage NN cord-027960-qzg2jsz6 100 12 points point NNS cord-027960-qzg2jsz6 100 13 to to IN cord-027960-qzg2jsz6 100 14 the the DT cord-027960-qzg2jsz6 100 15 3.5 3.5 CD cord-027960-qzg2jsz6 100 16 % % NN cord-027960-qzg2jsz6 100 17 annual annual JJ cord-027960-qzg2jsz6 100 18 rise rise NN cord-027960-qzg2jsz6 100 19 in in IN cord-027960-qzg2jsz6 100 20 Spain Spain NNP cord-027960-qzg2jsz6 100 21 's 's POS cord-027960-qzg2jsz6 100 22 potential potential JJ cord-027960-qzg2jsz6 100 23 GDP gdp NN cord-027960-qzg2jsz6 100 24 ( ( -LRB- cord-027960-qzg2jsz6 100 25 see see VB cord-027960-qzg2jsz6 100 26 Table table NN cord-027960-qzg2jsz6 100 27 4 4 CD cord-027960-qzg2jsz6 100 28 .1 .1 CD cord-027960-qzg2jsz6 100 29 ) ) -RRB- cord-027960-qzg2jsz6 100 30 . . . cord-027960-qzg2jsz6 101 1 11 11 CD cord-027960-qzg2jsz6 101 2 What what WP cord-027960-qzg2jsz6 101 3 made make VBD cord-027960-qzg2jsz6 101 4 this this DT cord-027960-qzg2jsz6 101 5 transformation transformation NN cord-027960-qzg2jsz6 101 6 possible possible JJ cord-027960-qzg2jsz6 101 7 ? ? . cord-027960-qzg2jsz6 102 1 The the DT cord-027960-qzg2jsz6 102 2 modernization modernization NN cord-027960-qzg2jsz6 102 3 of of IN cord-027960-qzg2jsz6 102 4 the the DT cord-027960-qzg2jsz6 102 5 Spanish spanish JJ cord-027960-qzg2jsz6 102 6 economy economy NN cord-027960-qzg2jsz6 102 7 in in IN cord-027960-qzg2jsz6 102 8 the the DT cord-027960-qzg2jsz6 102 9 two two CD cord-027960-qzg2jsz6 102 10 and and CC cord-027960-qzg2jsz6 102 11 half half NN cord-027960-qzg2jsz6 102 12 decades decade NNS cord-027960-qzg2jsz6 102 13 prior prior RB cord-027960-qzg2jsz6 102 14 to to IN cord-027960-qzg2jsz6 102 15 2008 2008 CD cord-027960-qzg2jsz6 102 16 had have VBD cord-027960-qzg2jsz6 102 17 been be VBN cord-027960-qzg2jsz6 102 18 intimately intimately RB cord-027960-qzg2jsz6 102 19 connected connect VBN cord-027960-qzg2jsz6 102 20 to to IN cord-027960-qzg2jsz6 102 21 the the DT cord-027960-qzg2jsz6 102 22 country country NN cord-027960-qzg2jsz6 102 23 's 's POS cord-027960-qzg2jsz6 102 24 integration integration NN cord-027960-qzg2jsz6 102 25 in in IN cord-027960-qzg2jsz6 102 26 the the DT cord-027960-qzg2jsz6 102 27 European European NNP cord-027960-qzg2jsz6 102 28 Union Union NNP cord-027960-qzg2jsz6 102 29 . . . cord-027960-qzg2jsz6 103 1 Indeed indeed RB cord-027960-qzg2jsz6 103 2 , , , cord-027960-qzg2jsz6 103 3 European european JJ cord-027960-qzg2jsz6 103 4 integration integration NN cord-027960-qzg2jsz6 103 5 was be VBD cord-027960-qzg2jsz6 103 6 a a DT cord-027960-qzg2jsz6 103 7 catalyst catalyst NN cord-027960-qzg2jsz6 103 8 for for IN cord-027960-qzg2jsz6 103 9 the the DT cord-027960-qzg2jsz6 103 10 final final JJ cord-027960-qzg2jsz6 103 11 conversion conversion NN cord-027960-qzg2jsz6 103 12 of of IN cord-027960-qzg2jsz6 103 13 the the DT cord-027960-qzg2jsz6 103 14 Spanish spanish JJ cord-027960-qzg2jsz6 103 15 economy economy NN cord-027960-qzg2jsz6 103 16 into into IN cord-027960-qzg2jsz6 103 17 a a DT cord-027960-qzg2jsz6 103 18 modern modern JJ cord-027960-qzg2jsz6 103 19 Western western JJ cord-027960-qzg2jsz6 103 20 - - HYPH cord-027960-qzg2jsz6 103 21 type type NN cord-027960-qzg2jsz6 103 22 economy economy NN cord-027960-qzg2jsz6 103 23 . . . cord-027960-qzg2jsz6 104 1 Yet yet RB cord-027960-qzg2jsz6 104 2 , , , cord-027960-qzg2jsz6 104 3 membership membership NN cord-027960-qzg2jsz6 104 4 was be VBD cord-027960-qzg2jsz6 104 5 not not RB cord-027960-qzg2jsz6 104 6 the the DT cord-027960-qzg2jsz6 104 7 only only JJ cord-027960-qzg2jsz6 104 8 reason reason NN cord-027960-qzg2jsz6 104 9 for for IN cord-027960-qzg2jsz6 104 10 this this DT cord-027960-qzg2jsz6 104 11 development development NN cord-027960-qzg2jsz6 104 12 . . . cord-027960-qzg2jsz6 105 1 The the DT cord-027960-qzg2jsz6 105 2 economic economic JJ cord-027960-qzg2jsz6 105 3 liberalization liberalization NN cord-027960-qzg2jsz6 105 4 , , , cord-027960-qzg2jsz6 105 5 trade trade NN cord-027960-qzg2jsz6 105 6 integration integration NN cord-027960-qzg2jsz6 105 7 , , , cord-027960-qzg2jsz6 105 8 and and CC cord-027960-qzg2jsz6 105 9 modernization modernization NN cord-027960-qzg2jsz6 105 10 of of IN cord-027960-qzg2jsz6 105 11 the the DT cord-027960-qzg2jsz6 105 12 Spanish spanish JJ cord-027960-qzg2jsz6 105 13 economy economy NN cord-027960-qzg2jsz6 105 14 started start VBD cord-027960-qzg2jsz6 105 15 in in IN cord-027960-qzg2jsz6 105 16 the the DT cord-027960-qzg2jsz6 105 17 1950s 1950 NNS cord-027960-qzg2jsz6 105 18 and and CC cord-027960-qzg2jsz6 105 19 1960s 1960 NNS cord-027960-qzg2jsz6 105 20 and and CC cord-027960-qzg2jsz6 105 21 Spain Spain NNP cord-027960-qzg2jsz6 105 22 became become VBD cord-027960-qzg2jsz6 105 23 increasingly increasingly RB cord-027960-qzg2jsz6 105 24 prosperous prosperous JJ cord-027960-qzg2jsz6 105 25 over over IN cord-027960-qzg2jsz6 105 26 the the DT cord-027960-qzg2jsz6 105 27 two two CD cord-027960-qzg2jsz6 105 28 decades decade NNS cord-027960-qzg2jsz6 105 29 prior prior RB cord-027960-qzg2jsz6 105 30 to to IN cord-027960-qzg2jsz6 105 31 EU EU NNP cord-027960-qzg2jsz6 105 32 accession accession NN cord-027960-qzg2jsz6 105 33 . . . cord-027960-qzg2jsz6 106 1 However however RB cord-027960-qzg2jsz6 106 2 , , , cord-027960-qzg2jsz6 106 3 one one CD cord-027960-qzg2jsz6 106 4 of of IN cord-027960-qzg2jsz6 106 5 the the DT cord-027960-qzg2jsz6 106 6 key key JJ cord-027960-qzg2jsz6 106 7 consequences consequence NNS cord-027960-qzg2jsz6 106 8 of of IN cord-027960-qzg2jsz6 106 9 its -PRON- PRP$ cord-027960-qzg2jsz6 106 10 entry entry NN cord-027960-qzg2jsz6 106 11 into into IN cord-027960-qzg2jsz6 106 12 Europe Europe NNP cord-027960-qzg2jsz6 106 13 was be VBD cord-027960-qzg2jsz6 106 14 that that IN cord-027960-qzg2jsz6 106 15 it -PRON- PRP cord-027960-qzg2jsz6 106 16 consolidated consolidate VBD cord-027960-qzg2jsz6 106 17 and and CC cord-027960-qzg2jsz6 106 18 deepened deepen VBD cord-027960-qzg2jsz6 106 19 that that IN cord-027960-qzg2jsz6 106 20 development development NN cord-027960-qzg2jsz6 106 21 processes process NNS cord-027960-qzg2jsz6 106 22 , , , cord-027960-qzg2jsz6 106 23 and and CC cord-027960-qzg2jsz6 106 24 it -PRON- PRP cord-027960-qzg2jsz6 106 25 accelerated accelerate VBD cord-027960-qzg2jsz6 106 26 the the DT cord-027960-qzg2jsz6 106 27 modernization modernization NN cord-027960-qzg2jsz6 106 28 of of IN cord-027960-qzg2jsz6 106 29 the the DT cord-027960-qzg2jsz6 106 30 country country NN cord-027960-qzg2jsz6 106 31 's 's POS cord-027960-qzg2jsz6 106 32 economy economy NN cord-027960-qzg2jsz6 106 33 . . . cord-027960-qzg2jsz6 107 1 Indeed indeed RB cord-027960-qzg2jsz6 107 2 , , , cord-027960-qzg2jsz6 107 3 EU EU NNP cord-027960-qzg2jsz6 107 4 membership membership NN cord-027960-qzg2jsz6 107 5 facilitated facilitate VBD cord-027960-qzg2jsz6 107 6 the the DT cord-027960-qzg2jsz6 107 7 micro micro JJ cord-027960-qzg2jsz6 107 8 - - JJ cord-027960-qzg2jsz6 107 9 and and CC cord-027960-qzg2jsz6 107 10 macroeconomic macroeconomic JJ cord-027960-qzg2jsz6 107 11 reforms reform NNS cord-027960-qzg2jsz6 107 12 that that WDT cord-027960-qzg2jsz6 107 13 successive successive JJ cord-027960-qzg2jsz6 107 14 Spanish spanish JJ cord-027960-qzg2jsz6 107 15 governments government NNS cord-027960-qzg2jsz6 107 16 undertook undertake VBD cord-027960-qzg2jsz6 107 17 throughout throughout IN cord-027960-qzg2jsz6 107 18 the the DT cord-027960-qzg2jsz6 107 19 1980s 1980 NNS cord-027960-qzg2jsz6 107 20 and and CC cord-027960-qzg2jsz6 107 21 1990s 1990 NNS cord-027960-qzg2jsz6 107 22 . . . cord-027960-qzg2jsz6 108 1 Spain Spain NNP cord-027960-qzg2jsz6 108 2 also also RB cord-027960-qzg2jsz6 108 3 benefited benefit VBD cord-027960-qzg2jsz6 108 4 extensively extensively RB cord-027960-qzg2jsz6 108 5 from from IN cord-027960-qzg2jsz6 108 6 European european JJ cord-027960-qzg2jsz6 108 7 funds fund NNS cord-027960-qzg2jsz6 108 8 those those DT cord-027960-qzg2jsz6 108 9 two two CD cord-027960-qzg2jsz6 108 10 decades decade NNS cord-027960-qzg2jsz6 108 11 : : : cord-027960-qzg2jsz6 108 12 approximately approximately RB cord-027960-qzg2jsz6 108 13 150 150 CD cord-027960-qzg2jsz6 108 14 billion billion CD cord-027960-qzg2jsz6 108 15 euros euro NNS cord-027960-qzg2jsz6 108 16 from from IN cord-027960-qzg2jsz6 108 17 agricultural agricultural JJ cord-027960-qzg2jsz6 108 18 , , , cord-027960-qzg2jsz6 108 19 regional regional JJ cord-027960-qzg2jsz6 108 20 development development NN cord-027960-qzg2jsz6 108 21 , , , cord-027960-qzg2jsz6 108 22 training training NN cord-027960-qzg2jsz6 108 23 , , , cord-027960-qzg2jsz6 108 24 and and CC cord-027960-qzg2jsz6 108 25 cohesion cohesion NN cord-027960-qzg2jsz6 108 26 programs program NNS cord-027960-qzg2jsz6 108 27 . . . cord-027960-qzg2jsz6 109 1 Moreover moreover RB cord-027960-qzg2jsz6 109 2 , , , cord-027960-qzg2jsz6 109 3 European European NNP cord-027960-qzg2jsz6 109 4 Monetary Monetary NNP cord-027960-qzg2jsz6 109 5 Union Union NNP cord-027960-qzg2jsz6 109 6 ( ( -LRB- cord-027960-qzg2jsz6 109 7 EMU EMU NNP cord-027960-qzg2jsz6 109 8 ) ) -RRB- cord-027960-qzg2jsz6 109 9 membership membership NN cord-027960-qzg2jsz6 109 10 was be VBD cord-027960-qzg2jsz6 109 11 also also RB cord-027960-qzg2jsz6 109 12 very very RB cord-027960-qzg2jsz6 109 13 positive positive JJ cord-027960-qzg2jsz6 109 14 for for IN cord-027960-qzg2jsz6 109 15 the the DT cord-027960-qzg2jsz6 109 16 country country NN cord-027960-qzg2jsz6 109 17 : : : cord-027960-qzg2jsz6 109 18 it -PRON- PRP cord-027960-qzg2jsz6 109 19 contributed contribute VBD cord-027960-qzg2jsz6 109 20 to to IN cord-027960-qzg2jsz6 109 21 macroeconomic macroeconomic JJ cord-027960-qzg2jsz6 109 22 stability stability NN cord-027960-qzg2jsz6 109 23 , , , cord-027960-qzg2jsz6 109 24 it -PRON- PRP cord-027960-qzg2jsz6 109 25 imposed impose VBD cord-027960-qzg2jsz6 109 26 fiscal fiscal JJ cord-027960-qzg2jsz6 109 27 discipline discipline NN cord-027960-qzg2jsz6 109 28 and and CC cord-027960-qzg2jsz6 109 29 central central JJ cord-027960-qzg2jsz6 109 30 bank bank NN cord-027960-qzg2jsz6 109 31 independence independence NN cord-027960-qzg2jsz6 109 32 , , , cord-027960-qzg2jsz6 109 33 and and CC cord-027960-qzg2jsz6 109 34 it -PRON- PRP cord-027960-qzg2jsz6 109 35 lowered lower VBD cord-027960-qzg2jsz6 109 36 dramatically dramatically RB cord-027960-qzg2jsz6 109 37 the the DT cord-027960-qzg2jsz6 109 38 cost cost NN cord-027960-qzg2jsz6 109 39 of of IN cord-027960-qzg2jsz6 109 40 capital capital NN cord-027960-qzg2jsz6 109 41 . . . cord-027960-qzg2jsz6 110 1 One one CD cord-027960-qzg2jsz6 110 2 of of IN cord-027960-qzg2jsz6 110 3 the the DT cord-027960-qzg2jsz6 110 4 key key JJ cord-027960-qzg2jsz6 110 5 benefits benefit NNS cord-027960-qzg2jsz6 110 6 was be VBD cord-027960-qzg2jsz6 110 7 the the DT cord-027960-qzg2jsz6 110 8 dramatic dramatic JJ cord-027960-qzg2jsz6 110 9 reduction reduction NN cord-027960-qzg2jsz6 110 10 in in IN cord-027960-qzg2jsz6 110 11 short short JJ cord-027960-qzg2jsz6 110 12 - - HYPH cord-027960-qzg2jsz6 110 13 term term NN cord-027960-qzg2jsz6 110 14 and and CC cord-027960-qzg2jsz6 110 15 long long JJ cord-027960-qzg2jsz6 110 16 - - HYPH cord-027960-qzg2jsz6 110 17 term term NN cord-027960-qzg2jsz6 110 18 nominal nominal JJ cord-027960-qzg2jsz6 110 19 interest interest NN cord-027960-qzg2jsz6 110 20 rates rate NNS cord-027960-qzg2jsz6 110 21 : : : cord-027960-qzg2jsz6 110 22 from from IN cord-027960-qzg2jsz6 110 23 13.3 13.3 CD cord-027960-qzg2jsz6 110 24 % % NN cord-027960-qzg2jsz6 110 25 and and CC cord-027960-qzg2jsz6 110 26 11.7 11.7 CD cord-027960-qzg2jsz6 110 27 % % NN cord-027960-qzg2jsz6 110 28 in in IN cord-027960-qzg2jsz6 110 29 1992 1992 CD cord-027960-qzg2jsz6 110 30 , , , cord-027960-qzg2jsz6 110 31 to to IN cord-027960-qzg2jsz6 110 32 3.0 3.0 CD cord-027960-qzg2jsz6 110 33 % % NN cord-027960-qzg2jsz6 110 34 and and CC cord-027960-qzg2jsz6 110 35 4.7 4.7 CD cord-027960-qzg2jsz6 110 36 % % NN cord-027960-qzg2jsz6 110 37 in in IN cord-027960-qzg2jsz6 110 38 1999 1999 CD cord-027960-qzg2jsz6 110 39 , , , cord-027960-qzg2jsz6 110 40 and and CC cord-027960-qzg2jsz6 110 41 2.2 2.2 CD cord-027960-qzg2jsz6 110 42 % % NN cord-027960-qzg2jsz6 110 43 and and CC cord-027960-qzg2jsz6 110 44 3.4 3.4 CD cord-027960-qzg2jsz6 110 45 % % NN cord-027960-qzg2jsz6 110 46 in in IN cord-027960-qzg2jsz6 110 47 2005 2005 CD cord-027960-qzg2jsz6 110 48 . . . cord-027960-qzg2jsz6 111 1 The the DT cord-027960-qzg2jsz6 111 2 lower low JJR cord-027960-qzg2jsz6 111 3 costs cost NNS cord-027960-qzg2jsz6 111 4 of of IN cord-027960-qzg2jsz6 111 5 capital capital NN cord-027960-qzg2jsz6 111 6 led lead VBD cord-027960-qzg2jsz6 111 7 to to IN cord-027960-qzg2jsz6 111 8 an an DT cord-027960-qzg2jsz6 111 9 important important JJ cord-027960-qzg2jsz6 111 10 surge surge NN cord-027960-qzg2jsz6 111 11 in in IN cord-027960-qzg2jsz6 111 12 investment investment NN cord-027960-qzg2jsz6 111 13 from from IN cord-027960-qzg2jsz6 111 14 families family NNS cord-027960-qzg2jsz6 111 15 ( ( -LRB- cord-027960-qzg2jsz6 111 16 in in IN cord-027960-qzg2jsz6 111 17 housing housing NN cord-027960-qzg2jsz6 111 18 and and CC cord-027960-qzg2jsz6 111 19 consumer consumer NN cord-027960-qzg2jsz6 111 20 goods good NNS cord-027960-qzg2jsz6 111 21 ) ) -RRB- cord-027960-qzg2jsz6 111 22 and and CC cord-027960-qzg2jsz6 111 23 businesses business NNS cord-027960-qzg2jsz6 111 24 ( ( -LRB- cord-027960-qzg2jsz6 111 25 in in IN cord-027960-qzg2jsz6 111 26 employment employment NN cord-027960-qzg2jsz6 111 27 and and CC cord-027960-qzg2jsz6 111 28 capital capital NN cord-027960-qzg2jsz6 111 29 goods good NNS cord-027960-qzg2jsz6 111 30 ) ) -RRB- cord-027960-qzg2jsz6 111 31 . . . cord-027960-qzg2jsz6 112 1 Indeed indeed RB cord-027960-qzg2jsz6 112 2 , , , cord-027960-qzg2jsz6 112 3 EMU emu NN cord-027960-qzg2jsz6 112 4 membership membership NN cord-027960-qzg2jsz6 112 5 ( ( -LRB- cord-027960-qzg2jsz6 112 6 and and CC cord-027960-qzg2jsz6 112 7 the the DT cord-027960-qzg2jsz6 112 8 Stability Stability NNP cord-027960-qzg2jsz6 112 9 Pact Pact NNP cord-027960-qzg2jsz6 112 10 ) ) -RRB- cord-027960-qzg2jsz6 112 11 provided provide VBD cord-027960-qzg2jsz6 112 12 the the DT cord-027960-qzg2jsz6 112 13 country country NN cord-027960-qzg2jsz6 112 14 with with IN cord-027960-qzg2jsz6 112 15 unprecedented unprecedented JJ cord-027960-qzg2jsz6 112 16 stability stability NN cord-027960-qzg2jsz6 112 17 because because IN cord-027960-qzg2jsz6 112 18 it -PRON- PRP cord-027960-qzg2jsz6 112 19 forced force VBD cord-027960-qzg2jsz6 112 20 successive successive JJ cord-027960-qzg2jsz6 112 21 governments government NNS cord-027960-qzg2jsz6 112 22 to to TO cord-027960-qzg2jsz6 112 23 implement implement VB cord-027960-qzg2jsz6 112 24 responsible responsible JJ cord-027960-qzg2jsz6 112 25 economic economic JJ cord-027960-qzg2jsz6 112 26 policies policy NNS cord-027960-qzg2jsz6 112 27 , , , cord-027960-qzg2jsz6 112 28 which which WDT cord-027960-qzg2jsz6 112 29 led lead VBD cord-027960-qzg2jsz6 112 30 to to IN cord-027960-qzg2jsz6 112 31 greater great JJR cord-027960-qzg2jsz6 112 32 credibility credibility NN cord-027960-qzg2jsz6 112 33 and and CC cord-027960-qzg2jsz6 112 34 the the DT cord-027960-qzg2jsz6 112 35 improvement improvement NN cord-027960-qzg2jsz6 112 36 of of IN cord-027960-qzg2jsz6 112 37 the the DT cord-027960-qzg2jsz6 112 38 ratings rating NNS cord-027960-qzg2jsz6 112 39 of of IN cord-027960-qzg2jsz6 112 40 Spain Spain NNP cord-027960-qzg2jsz6 112 41 's 's POS cord-027960-qzg2jsz6 112 42 public public JJ cord-027960-qzg2jsz6 112 43 debt debt NN cord-027960-qzg2jsz6 112 44 ( ( -LRB- cord-027960-qzg2jsz6 112 45 and and CC cord-027960-qzg2jsz6 112 46 consequently consequently RB cord-027960-qzg2jsz6 112 47 to to TO cord-027960-qzg2jsz6 112 48 lower lower VB cord-027960-qzg2jsz6 112 49 financing financing NN cord-027960-qzg2jsz6 112 50 costs cost NNS cord-027960-qzg2jsz6 112 51 ) ) -RRB- cord-027960-qzg2jsz6 112 52 . . . cord-027960-qzg2jsz6 113 1 Another another DT cord-027960-qzg2jsz6 113 2 important important JJ cord-027960-qzg2jsz6 113 3 factor factor NN cord-027960-qzg2jsz6 113 4 to to TO cord-027960-qzg2jsz6 113 5 account account VB cord-027960-qzg2jsz6 113 6 for for IN cord-027960-qzg2jsz6 113 7 the the DT cord-027960-qzg2jsz6 113 8 country country NN cord-027960-qzg2jsz6 113 9 's 's POS cord-027960-qzg2jsz6 113 10 economic economic JJ cord-027960-qzg2jsz6 113 11 success success NN cord-027960-qzg2jsz6 113 12 was be VBD cord-027960-qzg2jsz6 113 13 the the DT cord-027960-qzg2jsz6 113 14 remarkable remarkable JJ cord-027960-qzg2jsz6 113 15 economic economic JJ cord-027960-qzg2jsz6 113 16 policy policy NN cord-027960-qzg2jsz6 113 17 stability stability NN cord-027960-qzg2jsz6 113 18 that that WDT cord-027960-qzg2jsz6 113 19 followed follow VBD cord-027960-qzg2jsz6 113 20 the the DT cord-027960-qzg2jsz6 113 21 economic economic JJ cord-027960-qzg2jsz6 113 22 crisis crisis NN cord-027960-qzg2jsz6 113 23 of of IN cord-027960-qzg2jsz6 113 24 1992 1992 CD cord-027960-qzg2jsz6 113 25 - - SYM cord-027960-qzg2jsz6 113 26 1993 1993 CD cord-027960-qzg2jsz6 113 27 . . . cord-027960-qzg2jsz6 114 1 Indeed indeed RB cord-027960-qzg2jsz6 114 2 , , , cord-027960-qzg2jsz6 114 3 there there EX cord-027960-qzg2jsz6 114 4 were be VBD cord-027960-qzg2jsz6 114 5 few few JJ cord-027960-qzg2jsz6 114 6 economic economic JJ cord-027960-qzg2jsz6 114 7 policy policy NN cord-027960-qzg2jsz6 114 8 shifts shift NNS cord-027960-qzg2jsz6 114 9 throughout throughout IN cord-027960-qzg2jsz6 114 10 the the DT cord-027960-qzg2jsz6 114 11 1990s 1990 NNS cord-027960-qzg2jsz6 114 12 and and CC cord-027960-qzg2jsz6 114 13 early early JJ cord-027960-qzg2jsz6 114 14 2000s 2000 NNS cord-027960-qzg2jsz6 114 15 , , , cord-027960-qzg2jsz6 114 16 and and CC cord-027960-qzg2jsz6 114 17 this this DT cord-027960-qzg2jsz6 114 18 despite despite IN cord-027960-qzg2jsz6 114 19 changes change NNS cord-027960-qzg2jsz6 114 20 in in IN cord-027960-qzg2jsz6 114 21 government government NN cord-027960-qzg2jsz6 114 22 . . . cord-027960-qzg2jsz6 115 1 Between between IN cord-027960-qzg2jsz6 115 2 1993 1993 CD cord-027960-qzg2jsz6 115 3 and and CC cord-027960-qzg2jsz6 115 4 2009 2009 CD cord-027960-qzg2jsz6 115 5 , , , cord-027960-qzg2jsz6 115 6 there there EX cord-027960-qzg2jsz6 115 7 were be VBD cord-027960-qzg2jsz6 115 8 only only RB cord-027960-qzg2jsz6 115 9 two two CD cord-027960-qzg2jsz6 115 10 Ministers minister NNS cord-027960-qzg2jsz6 115 11 of of IN cord-027960-qzg2jsz6 115 12 Finance Finance NNP cord-027960-qzg2jsz6 115 13 , , , cord-027960-qzg2jsz6 115 14 Pedro Pedro NNP cord-027960-qzg2jsz6 115 15 Solbes Solbes NNP cord-027960-qzg2jsz6 115 16 ( ( -LRB- cord-027960-qzg2jsz6 115 17 from from IN cord-027960-qzg2jsz6 115 18 1993 1993 CD cord-027960-qzg2jsz6 115 19 to to IN cord-027960-qzg2jsz6 115 20 1996 1996 CD cord-027960-qzg2jsz6 115 21 , , , cord-027960-qzg2jsz6 115 22 and and CC cord-027960-qzg2jsz6 115 23 from from IN cord-027960-qzg2jsz6 115 24 2004 2004 CD cord-027960-qzg2jsz6 115 25 to to IN cord-027960-qzg2jsz6 115 26 2009 2009 CD cord-027960-qzg2jsz6 115 27 ) ) -RRB- cord-027960-qzg2jsz6 115 28 and and CC cord-027960-qzg2jsz6 115 29 Rodrigo Rodrigo NNP cord-027960-qzg2jsz6 115 30 Rato Rato NNP cord-027960-qzg2jsz6 115 31 ( ( -LRB- cord-027960-qzg2jsz6 115 32 from from IN cord-027960-qzg2jsz6 115 33 1996 1996 CD cord-027960-qzg2jsz6 115 34 to to IN cord-027960-qzg2jsz6 115 35 2004 2004 CD cord-027960-qzg2jsz6 115 36 ; ; : cord-027960-qzg2jsz6 115 37 and and CC cord-027960-qzg2jsz6 115 38 the the DT cord-027960-qzg2jsz6 115 39 country country NN cord-027960-qzg2jsz6 115 40 only only RB cord-027960-qzg2jsz6 115 41 had have VBD cord-027960-qzg2jsz6 115 42 three three CD cord-027960-qzg2jsz6 115 43 Prime Prime NNP cord-027960-qzg2jsz6 115 44 Ministers Ministers NNP cord-027960-qzg2jsz6 115 45 ( ( -LRB- cord-027960-qzg2jsz6 115 46 Felipe Felipe NNP cord-027960-qzg2jsz6 115 47 González González NNP cord-027960-qzg2jsz6 115 48 , , , cord-027960-qzg2jsz6 115 49 José José NNP cord-027960-qzg2jsz6 115 50 María María NNP cord-027960-qzg2jsz6 115 51 Aznar Aznar NNP cord-027960-qzg2jsz6 115 52 , , , cord-027960-qzg2jsz6 115 53 and and CC cord-027960-qzg2jsz6 115 54 José José NNP cord-027960-qzg2jsz6 115 55 Luís Luís NNP cord-027960-qzg2jsz6 115 56 Rodríguez Rodríguez NNP cord-027960-qzg2jsz6 115 57 Zapatero Zapatero NNP cord-027960-qzg2jsz6 115 58 ) ) -RRB- cord-027960-qzg2jsz6 115 59 . . . cord-027960-qzg2jsz6 116 1 This this DT cord-027960-qzg2jsz6 116 2 pattern pattern NN cord-027960-qzg2jsz6 116 3 was be VBD cord-027960-qzg2jsz6 116 4 further further RB cord-027960-qzg2jsz6 116 5 reinforced reinforce VBN cord-027960-qzg2jsz6 116 6 by by IN cord-027960-qzg2jsz6 116 7 the the DT cord-027960-qzg2jsz6 116 8 ideological ideological JJ cord-027960-qzg2jsz6 116 9 cohesiveness cohesiveness NN cord-027960-qzg2jsz6 116 10 of of IN cord-027960-qzg2jsz6 116 11 the the DT cord-027960-qzg2jsz6 116 12 political political JJ cord-027960-qzg2jsz6 116 13 parties party NNS cord-027960-qzg2jsz6 116 14 in in IN cord-027960-qzg2jsz6 116 15 government government NN cord-027960-qzg2jsz6 116 16 and and CC cord-027960-qzg2jsz6 116 17 the the DT cord-027960-qzg2jsz6 116 18 strong strong JJ cord-027960-qzg2jsz6 116 19 control control NN cord-027960-qzg2jsz6 116 20 that that WDT cord-027960-qzg2jsz6 116 21 party party NN cord-027960-qzg2jsz6 116 22 leaders leader NNS cord-027960-qzg2jsz6 116 23 exercise exercise VBP cord-027960-qzg2jsz6 116 24 over over IN cord-027960-qzg2jsz6 116 25 the the DT cord-027960-qzg2jsz6 116 26 members member NNS cord-027960-qzg2jsz6 116 27 of of IN cord-027960-qzg2jsz6 116 28 the the DT cord-027960-qzg2jsz6 116 29 cabinet cabinet NN cord-027960-qzg2jsz6 116 30 and and CC cord-027960-qzg2jsz6 116 31 the the DT cord-027960-qzg2jsz6 116 32 parliament parliament NN cord-027960-qzg2jsz6 116 33 deputies deputy NNS cord-027960-qzg2jsz6 116 34 . . . cord-027960-qzg2jsz6 117 1 In in IN cord-027960-qzg2jsz6 117 2 addition addition NN cord-027960-qzg2jsz6 117 3 , , , cord-027960-qzg2jsz6 117 4 this this DT cord-027960-qzg2jsz6 117 5 stability stability NN cord-027960-qzg2jsz6 117 6 was be VBD cord-027960-qzg2jsz6 117 7 reinforced reinforce VBN cord-027960-qzg2jsz6 117 8 by by IN cord-027960-qzg2jsz6 117 9 the the DT cord-027960-qzg2jsz6 117 10 shared share VBN cord-027960-qzg2jsz6 117 11 ( ( -LRB- cord-027960-qzg2jsz6 117 12 and and CC cord-027960-qzg2jsz6 117 13 rare rare JJ cord-027960-qzg2jsz6 117 14 ) ) -RRB- cord-027960-qzg2jsz6 117 15 agreement agreement NN cord-027960-qzg2jsz6 117 16 among among IN cord-027960-qzg2jsz6 117 17 Conservative conservative JJ cord-027960-qzg2jsz6 117 18 and and CC cord-027960-qzg2jsz6 117 19 Socialist socialist JJ cord-027960-qzg2jsz6 117 20 leaders leader NNS cord-027960-qzg2jsz6 117 21 regarding regard VBG cord-027960-qzg2jsz6 117 22 fiscal fiscal JJ cord-027960-qzg2jsz6 117 23 consolidation consolidation NN cord-027960-qzg2jsz6 117 24 ( ( -LRB- cord-027960-qzg2jsz6 117 25 the the DT cord-027960-qzg2jsz6 117 26 balance balance NN cord-027960-qzg2jsz6 117 27 budget budget NN cord-027960-qzg2jsz6 117 28 objective objective NN cord-027960-qzg2jsz6 117 29 was be VBD cord-027960-qzg2jsz6 117 30 established establish VBN cord-027960-qzg2jsz6 117 31 by by IN cord-027960-qzg2jsz6 117 32 law law NN cord-027960-qzg2jsz6 117 33 by by IN cord-027960-qzg2jsz6 117 34 the the DT cord-027960-qzg2jsz6 117 35 Popular Popular NNP cord-027960-qzg2jsz6 117 36 Party Party NNP cord-027960-qzg2jsz6 117 37 ) ) -RRB- cord-027960-qzg2jsz6 117 38 , , , cord-027960-qzg2jsz6 117 39 as as RB cord-027960-qzg2jsz6 117 40 well well RB cord-027960-qzg2jsz6 117 41 as as IN cord-027960-qzg2jsz6 117 42 the the DT cord-027960-qzg2jsz6 117 43 need need NN cord-027960-qzg2jsz6 117 44 to to TO cord-027960-qzg2jsz6 117 45 hold hold VB cord-027960-qzg2jsz6 117 46 firm firm NN cord-027960-qzg2jsz6 117 47 in in IN cord-027960-qzg2jsz6 117 48 the the DT cord-027960-qzg2jsz6 117 49 application application NN cord-027960-qzg2jsz6 117 50 of of IN cord-027960-qzg2jsz6 117 51 restrictive restrictive JJ cord-027960-qzg2jsz6 117 52 fiscal fiscal JJ cord-027960-qzg2jsz6 117 53 policies policy NNS cord-027960-qzg2jsz6 117 54 and and CC cord-027960-qzg2jsz6 117 55 the the DT cord-027960-qzg2jsz6 117 56 achievement achievement NN cord-027960-qzg2jsz6 117 57 of of IN cord-027960-qzg2jsz6 117 58 budgetary budgetary JJ cord-027960-qzg2jsz6 117 59 surpluses surplus NNS cord-027960-qzg2jsz6 117 60 : : : cord-027960-qzg2jsz6 117 61 As as IN cord-027960-qzg2jsz6 117 62 a a DT cord-027960-qzg2jsz6 117 63 result result NN cord-027960-qzg2jsz6 117 64 , , , cord-027960-qzg2jsz6 117 65 a a DT cord-027960-qzg2jsz6 117 66 7 7 CD cord-027960-qzg2jsz6 117 67 % % NN cord-027960-qzg2jsz6 117 68 budget budget NN cord-027960-qzg2jsz6 117 69 deficit deficit NN cord-027960-qzg2jsz6 117 70 in in IN cord-027960-qzg2jsz6 117 71 1993 1993 CD cord-027960-qzg2jsz6 117 72 became become VBD cord-027960-qzg2jsz6 117 73 a a DT cord-027960-qzg2jsz6 117 74 2.2 2.2 CD cord-027960-qzg2jsz6 117 75 % % NN cord-027960-qzg2jsz6 117 76 surplus surplus NN cord-027960-qzg2jsz6 117 77 in in IN cord-027960-qzg2jsz6 117 78 2007 2007 CD cord-027960-qzg2jsz6 117 79 , , , cord-027960-qzg2jsz6 117 80 and and CC cord-027960-qzg2jsz6 117 81 public public JJ cord-027960-qzg2jsz6 117 82 debt debt NN cord-027960-qzg2jsz6 117 83 decreased decrease VBD cord-027960-qzg2jsz6 117 84 from from IN cord-027960-qzg2jsz6 117 85 68 68 CD cord-027960-qzg2jsz6 117 86 % % NN cord-027960-qzg2jsz6 117 87 of of IN cord-027960-qzg2jsz6 117 88 GDP GDP NNP cord-027960-qzg2jsz6 117 89 in in IN cord-027960-qzg2jsz6 117 90 1998 1998 CD cord-027960-qzg2jsz6 117 91 to to IN cord-027960-qzg2jsz6 117 92 36.2 36.2 CD cord-027960-qzg2jsz6 117 93 % % NN cord-027960-qzg2jsz6 117 94 in in IN cord-027960-qzg2jsz6 117 95 2007 2007 CD cord-027960-qzg2jsz6 117 96 . . . cord-027960-qzg2jsz6 118 1 Finally finally RB cord-027960-qzg2jsz6 118 2 , , , cord-027960-qzg2jsz6 118 3 other other JJ cord-027960-qzg2jsz6 118 4 factors factor NNS cord-027960-qzg2jsz6 118 5 that that WDT cord-027960-qzg2jsz6 118 6 contributed contribute VBD cord-027960-qzg2jsz6 118 7 to to IN cord-027960-qzg2jsz6 118 8 this this DT cord-027960-qzg2jsz6 118 9 success success NN cord-027960-qzg2jsz6 118 10 included include VBD cord-027960-qzg2jsz6 118 11 the the DT cord-027960-qzg2jsz6 118 12 limited limited JJ cord-027960-qzg2jsz6 118 13 corruption corruption NN cord-027960-qzg2jsz6 118 14 and and CC cord-027960-qzg2jsz6 118 15 the the DT cord-027960-qzg2jsz6 118 16 fact fact NN cord-027960-qzg2jsz6 118 17 that that IN cord-027960-qzg2jsz6 118 18 politics politic NNS cord-027960-qzg2jsz6 118 19 were be VBD cord-027960-qzg2jsz6 118 20 fairly fairly RB cord-027960-qzg2jsz6 118 21 clean clean JJ cord-027960-qzg2jsz6 118 22 and and CC cord-027960-qzg2jsz6 118 23 relatively relatively RB cord-027960-qzg2jsz6 118 24 open open JJ cord-027960-qzg2jsz6 118 25 ; ; : cord-027960-qzg2jsz6 118 26 that that IN cord-027960-qzg2jsz6 118 27 Spain Spain NNP cord-027960-qzg2jsz6 118 28 had have VBD cord-027960-qzg2jsz6 118 29 a a DT cord-027960-qzg2jsz6 118 30 flexible flexible JJ cord-027960-qzg2jsz6 118 31 economy economy NN cord-027960-qzg2jsz6 118 32 ; ; : cord-027960-qzg2jsz6 118 33 and and CC cord-027960-qzg2jsz6 118 34 the the DT cord-027960-qzg2jsz6 118 35 success success NN cord-027960-qzg2jsz6 118 36 of of IN cord-027960-qzg2jsz6 118 37 Spanish spanish JJ cord-027960-qzg2jsz6 118 38 multinationals multinational NNS cord-027960-qzg2jsz6 118 39 : : : cord-027960-qzg2jsz6 118 40 There there EX cord-027960-qzg2jsz6 118 41 were be VBD cord-027960-qzg2jsz6 118 42 eight eight CD cord-027960-qzg2jsz6 118 43 firms firm NNS cord-027960-qzg2jsz6 118 44 in in IN cord-027960-qzg2jsz6 118 45 the the DT cord-027960-qzg2jsz6 118 46 Financial Financial NNP cord-027960-qzg2jsz6 118 47 Times Times NNP cord-027960-qzg2jsz6 118 48 list list NN cord-027960-qzg2jsz6 118 49 of of IN cord-027960-qzg2jsz6 118 50 the the DT cord-027960-qzg2jsz6 118 51 world world NN cord-027960-qzg2jsz6 118 52 's 's POS cord-027960-qzg2jsz6 118 53 largest large JJS cord-027960-qzg2jsz6 118 54 Multinationals multinational NNS cord-027960-qzg2jsz6 118 55 in in IN cord-027960-qzg2jsz6 118 56 2000 2000 CD cord-027960-qzg2jsz6 118 57 , , , cord-027960-qzg2jsz6 118 58 and and CC cord-027960-qzg2jsz6 118 59 14 14 CD cord-027960-qzg2jsz6 118 60 in in IN cord-027960-qzg2jsz6 118 61 2008 2008 CD cord-027960-qzg2jsz6 118 62 . . . cord-027960-qzg2jsz6 119 1 12 12 CD cord-027960-qzg2jsz6 120 1 The the DT cord-027960-qzg2jsz6 120 2 Challenges challenge NNS cord-027960-qzg2jsz6 121 1 However however RB cord-027960-qzg2jsz6 121 2 , , , cord-027960-qzg2jsz6 121 3 this this DT cord-027960-qzg2jsz6 121 4 economic economic JJ cord-027960-qzg2jsz6 121 5 success success NN cord-027960-qzg2jsz6 121 6 was be VBD cord-027960-qzg2jsz6 121 7 marred mar VBN cord-027960-qzg2jsz6 121 8 by by IN cord-027960-qzg2jsz6 121 9 some some DT cord-027960-qzg2jsz6 121 10 glaring glaring JJ cord-027960-qzg2jsz6 121 11 deficiencies deficiency NNS cord-027960-qzg2jsz6 121 12 that that WDT cord-027960-qzg2jsz6 121 13 came come VBD cord-027960-qzg2jsz6 121 14 to to IN cord-027960-qzg2jsz6 121 15 the the DT cord-027960-qzg2jsz6 121 16 fore fore NN cord-027960-qzg2jsz6 121 17 in in IN cord-027960-qzg2jsz6 121 18 2008 2008 CD cord-027960-qzg2jsz6 121 19 when when WRB cord-027960-qzg2jsz6 121 20 the the DT cord-027960-qzg2jsz6 121 21 global global JJ cord-027960-qzg2jsz6 121 22 financial financial JJ cord-027960-qzg2jsz6 121 23 crisis crisis NN cord-027960-qzg2jsz6 121 24 hit hit VBD cord-027960-qzg2jsz6 121 25 the the DT cord-027960-qzg2jsz6 121 26 country country NN cord-027960-qzg2jsz6 121 27 , , , cord-027960-qzg2jsz6 121 28 because because IN cord-027960-qzg2jsz6 121 29 it -PRON- PRP cord-027960-qzg2jsz6 121 30 was be VBD cord-027960-qzg2jsz6 121 31 largely largely RB cord-027960-qzg2jsz6 121 32 a a DT cord-027960-qzg2jsz6 121 33 " " `` cord-027960-qzg2jsz6 121 34 miracle miracle NN cord-027960-qzg2jsz6 121 35 " " '' cord-027960-qzg2jsz6 121 36 based base VBN cord-027960-qzg2jsz6 121 37 on on IN cord-027960-qzg2jsz6 121 38 bricks brick NNS cord-027960-qzg2jsz6 121 39 and and CC cord-027960-qzg2jsz6 121 40 mortar mortar NN cord-027960-qzg2jsz6 121 41 . . . cord-027960-qzg2jsz6 122 1 13 13 CD cord-027960-qzg2jsz6 123 1 The the DT cord-027960-qzg2jsz6 123 2 foundations foundation NNS cord-027960-qzg2jsz6 123 3 of of IN cord-027960-qzg2jsz6 123 4 economic economic JJ cord-027960-qzg2jsz6 123 5 growth growth NN cord-027960-qzg2jsz6 123 6 were be VBD cord-027960-qzg2jsz6 123 7 fragile fragile JJ cord-027960-qzg2jsz6 123 8 because because IN cord-027960-qzg2jsz6 123 9 the the DT cord-027960-qzg2jsz6 123 10 country country NN cord-027960-qzg2jsz6 123 11 had have VBD cord-027960-qzg2jsz6 123 12 low low JJ cord-027960-qzg2jsz6 123 13 productivity productivity NN cord-027960-qzg2jsz6 123 14 growth growth NN cord-027960-qzg2jsz6 123 15 ( ( -LRB- cord-027960-qzg2jsz6 123 16 productivity productivity NN cord-027960-qzg2jsz6 123 17 contributed contribute VBD cord-027960-qzg2jsz6 123 18 only only RB cord-027960-qzg2jsz6 123 19 0.5 0.5 CD cord-027960-qzg2jsz6 123 20 percentage percentage NN cord-027960-qzg2jsz6 123 21 points point NNS cord-027960-qzg2jsz6 123 22 to to IN cord-027960-qzg2jsz6 123 23 potential potential JJ cord-027960-qzg2jsz6 123 24 GDP gdp NN cord-027960-qzg2jsz6 123 25 between between IN cord-027960-qzg2jsz6 123 26 1998 1998 CD cord-027960-qzg2jsz6 123 27 and and CC cord-027960-qzg2jsz6 123 28 2006 2006 CD cord-027960-qzg2jsz6 123 29 ) ) -RRB- cord-027960-qzg2jsz6 123 30 and and CC cord-027960-qzg2jsz6 123 31 deteriorating deteriorate VBG cord-027960-qzg2jsz6 123 32 external external JJ cord-027960-qzg2jsz6 123 33 competitiveness competitiveness NN cord-027960-qzg2jsz6 123 34 . . . cord-027960-qzg2jsz6 124 1 14 14 CD cord-027960-qzg2jsz6 125 1 Over over IN cord-027960-qzg2jsz6 125 2 the the DT cord-027960-qzg2jsz6 125 3 decade decade NN cord-027960-qzg2jsz6 125 4 that that WDT cord-027960-qzg2jsz6 125 5 preceded precede VBD cord-027960-qzg2jsz6 125 6 the the DT cord-027960-qzg2jsz6 125 7 2008 2008 CD cord-027960-qzg2jsz6 125 8 crisis crisis NN cord-027960-qzg2jsz6 126 1 Spain Spain NNP cord-027960-qzg2jsz6 126 2 did do VBD cord-027960-qzg2jsz6 126 3 not not RB cord-027960-qzg2jsz6 126 4 address address VB cord-027960-qzg2jsz6 126 5 its -PRON- PRP$ cord-027960-qzg2jsz6 126 6 fundamental fundamental JJ cord-027960-qzg2jsz6 126 7 challenge challenge NN cord-027960-qzg2jsz6 126 8 , , , cord-027960-qzg2jsz6 126 9 its -PRON- PRP$ cord-027960-qzg2jsz6 126 10 declining decline VBG cord-027960-qzg2jsz6 126 11 productivity productivity NN cord-027960-qzg2jsz6 126 12 , , , cord-027960-qzg2jsz6 126 13 which which WDT cord-027960-qzg2jsz6 126 14 only only RB cord-027960-qzg2jsz6 126 15 grew grow VBD cord-027960-qzg2jsz6 126 16 an an DT cord-027960-qzg2jsz6 126 17 average average NN cord-027960-qzg2jsz6 126 18 of of IN cord-027960-qzg2jsz6 126 19 0.3 0.3 CD cord-027960-qzg2jsz6 126 20 % % NN cord-027960-qzg2jsz6 126 21 during during IN cord-027960-qzg2jsz6 126 22 that that DT cord-027960-qzg2jsz6 126 23 decade decade NN cord-027960-qzg2jsz6 126 24 ( ( -LRB- cord-027960-qzg2jsz6 126 25 0.7 0.7 CD cord-027960-qzg2jsz6 126 26 % % NN cord-027960-qzg2jsz6 126 27 in in IN cord-027960-qzg2jsz6 126 28 2006 2006 CD cord-027960-qzg2jsz6 126 29 ) ) -RRB- cord-027960-qzg2jsz6 126 30 , , , cord-027960-qzg2jsz6 126 31 one one CD cord-027960-qzg2jsz6 126 32 whole whole JJ cord-027960-qzg2jsz6 126 33 point point NN cord-027960-qzg2jsz6 126 34 below below IN cord-027960-qzg2jsz6 126 35 the the DT cord-027960-qzg2jsz6 126 36 EU EU NNP cord-027960-qzg2jsz6 126 37 average average NN cord-027960-qzg2jsz6 126 38 , , , cord-027960-qzg2jsz6 126 39 placing place VBG cord-027960-qzg2jsz6 126 40 Spain Spain NNP cord-027960-qzg2jsz6 126 41 at at IN cord-027960-qzg2jsz6 126 42 the the DT cord-027960-qzg2jsz6 126 43 bottom bottom NN cord-027960-qzg2jsz6 126 44 of of IN cord-027960-qzg2jsz6 126 45 the the DT cord-027960-qzg2jsz6 126 46 EU EU NNP cord-027960-qzg2jsz6 126 47 and and CC cord-027960-qzg2jsz6 126 48 ahead ahead RB cord-027960-qzg2jsz6 126 49 of of IN cord-027960-qzg2jsz6 126 50 only only RB cord-027960-qzg2jsz6 126 51 Italy Italy NNP cord-027960-qzg2jsz6 126 52 and and CC cord-027960-qzg2jsz6 126 53 Greece Greece NNP cord-027960-qzg2jsz6 126 54 ( ( -LRB- cord-027960-qzg2jsz6 126 55 the the DT cord-027960-qzg2jsz6 126 56 productivity productivity NN cord-027960-qzg2jsz6 126 57 of of IN cord-027960-qzg2jsz6 126 58 a a DT cord-027960-qzg2jsz6 126 59 Spanish spanish JJ cord-027960-qzg2jsz6 126 60 worker worker NN cord-027960-qzg2jsz6 126 61 was be VBD cord-027960-qzg2jsz6 126 62 the the DT cord-027960-qzg2jsz6 126 63 equivalent equivalent NN cord-027960-qzg2jsz6 126 64 of of IN cord-027960-qzg2jsz6 126 65 75 75 CD cord-027960-qzg2jsz6 126 66 % % NN cord-027960-qzg2jsz6 126 67 of of IN cord-027960-qzg2jsz6 126 68 a a DT cord-027960-qzg2jsz6 126 69 US US NNP cord-027960-qzg2jsz6 126 70 one one CD cord-027960-qzg2jsz6 126 71 ) ) -RRB- cord-027960-qzg2jsz6 126 72 . . . cord-027960-qzg2jsz6 127 1 The the DT cord-027960-qzg2jsz6 127 2 most most RBS cord-027960-qzg2jsz6 127 3 productive productive JJ cord-027960-qzg2jsz6 127 4 activities activity NNS cord-027960-qzg2jsz6 127 5 ( ( -LRB- cord-027960-qzg2jsz6 127 6 energy energy NN cord-027960-qzg2jsz6 127 7 , , , cord-027960-qzg2jsz6 127 8 industry industry NN cord-027960-qzg2jsz6 127 9 , , , cord-027960-qzg2jsz6 127 10 and and CC cord-027960-qzg2jsz6 127 11 financial financial JJ cord-027960-qzg2jsz6 127 12 services service NNS cord-027960-qzg2jsz6 127 13 ) ) -RRB- cord-027960-qzg2jsz6 127 14 contributed contribute VBD cord-027960-qzg2jsz6 127 15 only only RB cord-027960-qzg2jsz6 127 16 11 11 CD cord-027960-qzg2jsz6 127 17 % % NN cord-027960-qzg2jsz6 127 18 of of IN cord-027960-qzg2jsz6 127 19 GDP GDP NNP cord-027960-qzg2jsz6 127 20 growth growth NN cord-027960-qzg2jsz6 127 21 . . . cord-027960-qzg2jsz6 128 1 15 15 CD cord-027960-qzg2jsz6 128 2 12 12 CD cord-027960-qzg2jsz6 129 1 According accord VBG cord-027960-qzg2jsz6 129 2 to to IN cord-027960-qzg2jsz6 129 3 2007 2007 CD cord-027960-qzg2jsz6 129 4 data datum NNS cord-027960-qzg2jsz6 129 5 from from IN cord-027960-qzg2jsz6 129 6 the the DT cord-027960-qzg2jsz6 129 7 World World NNP cord-027960-qzg2jsz6 129 8 Bank Bank NNP cord-027960-qzg2jsz6 129 9 Governance Governance NNP cord-027960-qzg2jsz6 129 10 Indicators Indicators NNP cord-027960-qzg2jsz6 129 11 ( ( -LRB- cord-027960-qzg2jsz6 129 12 http://info http://info JJ cord-027960-qzg2jsz6 129 13 . . . cord-027960-qzg2jsz6 130 1 worldbank.org/governance/wgi/sc_chart.asp worldbank.org/governance/wgi/sc_chart.asp NNP cord-027960-qzg2jsz6 130 2 ) ) -RRB- cord-027960-qzg2jsz6 130 3 , , , cord-027960-qzg2jsz6 130 4 Spain Spain NNP cord-027960-qzg2jsz6 130 5 was be VBD cord-027960-qzg2jsz6 130 6 ranked rank VBN cord-027960-qzg2jsz6 130 7 in in IN cord-027960-qzg2jsz6 130 8 the the DT cord-027960-qzg2jsz6 130 9 75 75 CD cord-027960-qzg2jsz6 130 10 - - HYPH cord-027960-qzg2jsz6 130 11 100th 100th JJ cord-027960-qzg2jsz6 130 12 country country NN cord-027960-qzg2jsz6 130 13 's 's POS cord-027960-qzg2jsz6 130 14 percentile percentile NN cord-027960-qzg2jsz6 130 15 ranks rank NNS cord-027960-qzg2jsz6 130 16 in in IN cord-027960-qzg2jsz6 130 17 control control NN cord-027960-qzg2jsz6 130 18 of of IN cord-027960-qzg2jsz6 130 19 corruption corruption NN cord-027960-qzg2jsz6 130 20 , , , cord-027960-qzg2jsz6 130 21 government government NN cord-027960-qzg2jsz6 130 22 effectiveness effectiveness NN cord-027960-qzg2jsz6 130 23 , , , cord-027960-qzg2jsz6 130 24 regulatory regulatory JJ cord-027960-qzg2jsz6 130 25 quality quality NN cord-027960-qzg2jsz6 130 26 , , , cord-027960-qzg2jsz6 130 27 rule rule NN cord-027960-qzg2jsz6 130 28 of of IN cord-027960-qzg2jsz6 130 29 law law NN cord-027960-qzg2jsz6 130 30 , , , cord-027960-qzg2jsz6 130 31 and and CC cord-027960-qzg2jsz6 130 32 voice voice NN cord-027960-qzg2jsz6 130 33 and and CC cord-027960-qzg2jsz6 130 34 accountability accountability NN cord-027960-qzg2jsz6 130 35 . . . cord-027960-qzg2jsz6 130 36 13 13 CD cord-027960-qzg2jsz6 131 1 According accord VBG cord-027960-qzg2jsz6 131 2 to to IN cord-027960-qzg2jsz6 131 3 Martinez Martinez NNP cord-027960-qzg2jsz6 131 4 - - HYPH cord-027960-qzg2jsz6 131 5 Mongay Mongay NNP cord-027960-qzg2jsz6 131 6 and and CC cord-027960-qzg2jsz6 131 7 Maza Maza NNP cord-027960-qzg2jsz6 131 8 Lasierra Lasierra NNP cord-027960-qzg2jsz6 131 9 , , , cord-027960-qzg2jsz6 131 10 " " `` cord-027960-qzg2jsz6 131 11 The the DT cord-027960-qzg2jsz6 131 12 outstanding outstanding JJ cord-027960-qzg2jsz6 131 13 economic economic JJ cord-027960-qzg2jsz6 131 14 performance performance NN cord-027960-qzg2jsz6 131 15 of of IN cord-027960-qzg2jsz6 131 16 Spain Spain NNP cord-027960-qzg2jsz6 131 17 in in IN cord-027960-qzg2jsz6 131 18 EMU EMU NNP cord-027960-qzg2jsz6 131 19 would would MD cord-027960-qzg2jsz6 131 20 be be VB cord-027960-qzg2jsz6 131 21 the the DT cord-027960-qzg2jsz6 131 22 result result NN cord-027960-qzg2jsz6 131 23 of of IN cord-027960-qzg2jsz6 131 24 a a DT cord-027960-qzg2jsz6 131 25 series series NN cord-027960-qzg2jsz6 131 26 of of IN cord-027960-qzg2jsz6 131 27 lucky lucky JJ cord-027960-qzg2jsz6 131 28 shocks shock NNS cord-027960-qzg2jsz6 131 29 , , , cord-027960-qzg2jsz6 131 30 including include VBG cord-027960-qzg2jsz6 131 31 a a DT cord-027960-qzg2jsz6 131 32 large large JJ cord-027960-qzg2jsz6 131 33 and and CC cord-027960-qzg2jsz6 131 34 persistent persistent JJ cord-027960-qzg2jsz6 131 35 credit credit NN cord-027960-qzg2jsz6 131 36 impulse impulse NN cord-027960-qzg2jsz6 131 37 and and CC cord-027960-qzg2jsz6 131 38 strong strong JJ cord-027960-qzg2jsz6 131 39 immigration immigration NN cord-027960-qzg2jsz6 131 40 , , , cord-027960-qzg2jsz6 131 41 underpinned underpin VBN cord-027960-qzg2jsz6 131 42 by by IN cord-027960-qzg2jsz6 131 43 some some DT cord-027960-qzg2jsz6 131 44 right right JJ cord-027960-qzg2jsz6 131 45 policy policy NN cord-027960-qzg2jsz6 131 46 choices choice NNS cord-027960-qzg2jsz6 131 47 . . . cord-027960-qzg2jsz6 132 1 In in IN cord-027960-qzg2jsz6 132 2 the the DT cord-027960-qzg2jsz6 132 3 absence absence NN cord-027960-qzg2jsz6 132 4 of of IN cord-027960-qzg2jsz6 132 5 new new JJ cord-027960-qzg2jsz6 132 6 positive positive JJ cord-027960-qzg2jsz6 132 7 shocks shock NNS cord-027960-qzg2jsz6 132 8 , , , cord-027960-qzg2jsz6 132 9 the the DT cord-027960-qzg2jsz6 132 10 resilience resilience NN cord-027960-qzg2jsz6 132 11 of of IN cord-027960-qzg2jsz6 132 12 the the DT cord-027960-qzg2jsz6 132 13 Spanish spanish JJ cord-027960-qzg2jsz6 132 14 economy economy NN cord-027960-qzg2jsz6 132 15 to to IN cord-027960-qzg2jsz6 132 16 the the DT cord-027960-qzg2jsz6 132 17 financial financial JJ cord-027960-qzg2jsz6 132 18 crisis crisis NN cord-027960-qzg2jsz6 132 19 might may MD cord-027960-qzg2jsz6 132 20 be be VB cord-027960-qzg2jsz6 132 21 weaker weak JJR cord-027960-qzg2jsz6 132 22 than than IN cord-027960-qzg2jsz6 132 23 that that DT cord-027960-qzg2jsz6 132 24 exhibited exhibit VBN cord-027960-qzg2jsz6 132 25 in in IN cord-027960-qzg2jsz6 132 26 the the DT cord-027960-qzg2jsz6 132 27 early early JJ cord-027960-qzg2jsz6 132 28 2000s 2000 NNS cord-027960-qzg2jsz6 132 29 . . . cord-027960-qzg2jsz6 133 1 The the DT cord-027960-qzg2jsz6 133 2 credit credit NN cord-027960-qzg2jsz6 133 3 impulse impulse NN cord-027960-qzg2jsz6 133 4 has have VBZ cord-027960-qzg2jsz6 133 5 ended end VBN cord-027960-qzg2jsz6 133 6 , , , cord-027960-qzg2jsz6 133 7 fiscal fiscal JJ cord-027960-qzg2jsz6 133 8 consolidation consolidation NN cord-027960-qzg2jsz6 133 9 has have VBZ cord-027960-qzg2jsz6 133 10 stopped stop VBN cord-027960-qzg2jsz6 133 11 , , , cord-027960-qzg2jsz6 133 12 and and CC cord-027960-qzg2jsz6 133 13 the the DT cord-027960-qzg2jsz6 133 14 competitiveness competitiveness NN cord-027960-qzg2jsz6 133 15 gains gain NNS cord-027960-qzg2jsz6 133 16 of of IN cord-027960-qzg2jsz6 133 17 the the DT cord-027960-qzg2jsz6 133 18 nineties ninety NNS cord-027960-qzg2jsz6 133 19 have have VBP cord-027960-qzg2jsz6 133 20 gone go VBN cord-027960-qzg2jsz6 133 21 long long RB cord-027960-qzg2jsz6 133 22 ago ago RB cord-027960-qzg2jsz6 133 23 . . . cord-027960-qzg2jsz6 134 1 " " '' cord-027960-qzg2jsz6 135 1 See see VB cord-027960-qzg2jsz6 135 2 Martinez Martinez NNP cord-027960-qzg2jsz6 135 3 - - HYPH cord-027960-qzg2jsz6 135 4 Mongay Mongay NNP cord-027960-qzg2jsz6 135 5 and and CC cord-027960-qzg2jsz6 135 6 Maza Maza NNP cord-027960-qzg2jsz6 135 7 Lasierra Lasierra NNP cord-027960-qzg2jsz6 135 8 ( ( -LRB- cord-027960-qzg2jsz6 135 9 2009 2009 CD cord-027960-qzg2jsz6 136 1 Moreover moreover RB cord-027960-qzg2jsz6 136 2 , , , cord-027960-qzg2jsz6 136 3 growth growth NN cord-027960-qzg2jsz6 136 4 was be VBD cord-027960-qzg2jsz6 136 5 largely largely RB cord-027960-qzg2jsz6 136 6 based base VBN cord-027960-qzg2jsz6 136 7 on on IN cord-027960-qzg2jsz6 136 8 low low JJ cord-027960-qzg2jsz6 136 9 - - HYPH cord-027960-qzg2jsz6 136 10 intensity intensity NN cord-027960-qzg2jsz6 136 11 economic economic JJ cord-027960-qzg2jsz6 136 12 sectors sector NNS cord-027960-qzg2jsz6 136 13 , , , cord-027960-qzg2jsz6 136 14 such such JJ cord-027960-qzg2jsz6 136 15 as as IN cord-027960-qzg2jsz6 136 16 services service NNS cord-027960-qzg2jsz6 136 17 and and CC cord-027960-qzg2jsz6 136 18 construction construction NN cord-027960-qzg2jsz6 136 19 , , , cord-027960-qzg2jsz6 136 20 which which WDT cord-027960-qzg2jsz6 136 21 were be VBD cord-027960-qzg2jsz6 136 22 not not RB cord-027960-qzg2jsz6 136 23 exposed expose VBN cord-027960-qzg2jsz6 136 24 to to IN cord-027960-qzg2jsz6 136 25 international international JJ cord-027960-qzg2jsz6 136 26 competition competition NN cord-027960-qzg2jsz6 136 27 . . . cord-027960-qzg2jsz6 137 1 In in IN cord-027960-qzg2jsz6 137 2 2006 2006 CD cord-027960-qzg2jsz6 137 3 , , , cord-027960-qzg2jsz6 137 4 most most JJS cord-027960-qzg2jsz6 137 5 of of IN cord-027960-qzg2jsz6 137 6 the the DT cord-027960-qzg2jsz6 137 7 new new JJ cord-027960-qzg2jsz6 137 8 jobs job NNS cord-027960-qzg2jsz6 137 9 were be VBD cord-027960-qzg2jsz6 137 10 created create VBN cord-027960-qzg2jsz6 137 11 in in IN cord-027960-qzg2jsz6 137 12 low low JJ cord-027960-qzg2jsz6 137 13 - - HYPH cord-027960-qzg2jsz6 137 14 productivity productivity NN cord-027960-qzg2jsz6 137 15 sectors sector NNS cord-027960-qzg2jsz6 137 16 such such JJ cord-027960-qzg2jsz6 137 17 as as IN cord-027960-qzg2jsz6 137 18 construction construction NN cord-027960-qzg2jsz6 137 19 ( ( -LRB- cord-027960-qzg2jsz6 137 20 33 33 CD cord-027960-qzg2jsz6 137 21 % % NN cord-027960-qzg2jsz6 137 22 ) ) -RRB- cord-027960-qzg2jsz6 137 23 , , , cord-027960-qzg2jsz6 137 24 services service NNS cord-027960-qzg2jsz6 137 25 associated associate VBN cord-027960-qzg2jsz6 137 26 with with IN cord-027960-qzg2jsz6 137 27 housing housing NN cord-027960-qzg2jsz6 137 28 such such JJ cord-027960-qzg2jsz6 137 29 as as IN cord-027960-qzg2jsz6 137 30 sales sale NNS cord-027960-qzg2jsz6 137 31 and and CC cord-027960-qzg2jsz6 137 32 rentals rental NNS cord-027960-qzg2jsz6 137 33 ( ( -LRB- cord-027960-qzg2jsz6 137 34 15 15 CD cord-027960-qzg2jsz6 137 35 % % NN cord-027960-qzg2jsz6 137 36 ) ) -RRB- cord-027960-qzg2jsz6 137 37 , , , cord-027960-qzg2jsz6 137 38 and and CC cord-027960-qzg2jsz6 137 39 tourism tourism NN cord-027960-qzg2jsz6 137 40 and and CC cord-027960-qzg2jsz6 137 41 domestic domestic JJ cord-027960-qzg2jsz6 137 42 service service NN cord-027960-qzg2jsz6 137 43 ( ( -LRB- cord-027960-qzg2jsz6 137 44 30 30 CD cord-027960-qzg2jsz6 137 45 % % NN cord-027960-qzg2jsz6 137 46 ) ) -RRB- cord-027960-qzg2jsz6 137 47 . . . cord-027960-qzg2jsz6 138 1 These these DT cord-027960-qzg2jsz6 138 2 sectors sector NNS cord-027960-qzg2jsz6 138 3 represented represent VBD cord-027960-qzg2jsz6 138 4 75 75 CD cord-027960-qzg2jsz6 138 5 % % NN cord-027960-qzg2jsz6 138 6 of of IN cord-027960-qzg2jsz6 138 7 all all PDT cord-027960-qzg2jsz6 138 8 the the DT cord-027960-qzg2jsz6 138 9 new new JJ cord-027960-qzg2jsz6 138 10 jobs job NNS cord-027960-qzg2jsz6 138 11 created create VBN cord-027960-qzg2jsz6 138 12 in in IN cord-027960-qzg2jsz6 138 13 Spain Spain NNP cord-027960-qzg2jsz6 138 14 in in IN cord-027960-qzg2jsz6 138 15 2006 2006 CD cord-027960-qzg2jsz6 138 16 ( ( -LRB- cord-027960-qzg2jsz6 138 17 new new JJ cord-027960-qzg2jsz6 138 18 manufacturing manufacturing NN cord-027960-qzg2jsz6 138 19 jobs job NNS cord-027960-qzg2jsz6 138 20 , , , cord-027960-qzg2jsz6 138 21 in in IN cord-027960-qzg2jsz6 138 22 contrast contrast NN cord-027960-qzg2jsz6 138 23 , , , cord-027960-qzg2jsz6 138 24 represented represent VBD cord-027960-qzg2jsz6 138 25 only only RB cord-027960-qzg2jsz6 138 26 5 5 CD cord-027960-qzg2jsz6 138 27 % % NN cord-027960-qzg2jsz6 138 28 ) ) -RRB- cord-027960-qzg2jsz6 138 29 . . . cord-027960-qzg2jsz6 139 1 Furthermore furthermore RB cord-027960-qzg2jsz6 139 2 , , , cord-027960-qzg2jsz6 139 3 the the DT cord-027960-qzg2jsz6 139 4 labor labor NN cord-027960-qzg2jsz6 139 5 temporary temporary JJ cord-027960-qzg2jsz6 139 6 rate rate NN cord-027960-qzg2jsz6 139 7 reached reach VBD cord-027960-qzg2jsz6 139 8 33.3 33.3 CD cord-027960-qzg2jsz6 139 9 % % NN cord-027960-qzg2jsz6 139 10 in in IN cord-027960-qzg2jsz6 139 11 2007 2007 CD cord-027960-qzg2jsz6 139 12 , , , cord-027960-qzg2jsz6 139 13 and and CC cord-027960-qzg2jsz6 139 14 inflation inflation NN cord-027960-qzg2jsz6 139 15 was be VBD cord-027960-qzg2jsz6 139 16 a a DT cord-027960-qzg2jsz6 139 17 recurrent recurrent JJ cord-027960-qzg2jsz6 139 18 problem problem NN cord-027960-qzg2jsz6 139 19 ( ( -LRB- cord-027960-qzg2jsz6 139 20 it -PRON- PRP cord-027960-qzg2jsz6 139 21 closed close VBD cord-027960-qzg2jsz6 139 22 2006 2006 CD cord-027960-qzg2jsz6 139 23 with with IN cord-027960-qzg2jsz6 139 24 a a DT cord-027960-qzg2jsz6 139 25 2.7 2.7 CD cord-027960-qzg2jsz6 139 26 % % NN cord-027960-qzg2jsz6 139 27 increase increase NN cord-027960-qzg2jsz6 139 28 , , , cord-027960-qzg2jsz6 139 29 but but CC cord-027960-qzg2jsz6 139 30 the the DT cord-027960-qzg2jsz6 139 31 average average NN cord-027960-qzg2jsz6 139 32 for for IN cord-027960-qzg2jsz6 139 33 that that DT cord-027960-qzg2jsz6 139 34 year year NN cord-027960-qzg2jsz6 139 35 was be VBD cord-027960-qzg2jsz6 139 36 3.6 3.6 CD cord-027960-qzg2jsz6 139 37 % % NN cord-027960-qzg2jsz6 139 38 ) ) -RRB- cord-027960-qzg2jsz6 139 39 , , , cord-027960-qzg2jsz6 139 40 thus thus RB cord-027960-qzg2jsz6 139 41 the the DT cord-027960-qzg2jsz6 139 42 inflation inflation NN cord-027960-qzg2jsz6 139 43 differential differential NN cord-027960-qzg2jsz6 139 44 with with IN cord-027960-qzg2jsz6 139 45 the the DT cord-027960-qzg2jsz6 139 46 EU EU NNP cord-027960-qzg2jsz6 139 47 ( ( -LRB- cord-027960-qzg2jsz6 139 48 almost almost RB cord-027960-qzg2jsz6 139 49 1 1 CD cord-027960-qzg2jsz6 139 50 point point NN cord-027960-qzg2jsz6 139 51 ) ) -RRB- cord-027960-qzg2jsz6 139 52 had have VBD cord-027960-qzg2jsz6 139 53 not not RB cord-027960-qzg2jsz6 139 54 decreased decrease VBN cord-027960-qzg2jsz6 139 55 , , , cord-027960-qzg2jsz6 139 56 which which WDT cord-027960-qzg2jsz6 139 57 reduced reduce VBD cord-027960-qzg2jsz6 139 58 the the DT cord-027960-qzg2jsz6 139 59 competitiveness competitiveness NN cord-027960-qzg2jsz6 139 60 of of IN cord-027960-qzg2jsz6 139 61 Spanish spanish JJ cord-027960-qzg2jsz6 139 62 products product NNS cord-027960-qzg2jsz6 139 63 abroad abroad RB cord-027960-qzg2jsz6 139 64 ( ( -LRB- cord-027960-qzg2jsz6 139 65 and and CC cord-027960-qzg2jsz6 139 66 consequently consequently RB cord-027960-qzg2jsz6 139 67 Spanish spanish JJ cord-027960-qzg2jsz6 139 68 companies company NNS cord-027960-qzg2jsz6 139 69 were be VBD cord-027960-qzg2jsz6 139 70 losing lose VBG cord-027960-qzg2jsz6 139 71 market market NN cord-027960-qzg2jsz6 139 72 share share NN cord-027960-qzg2jsz6 139 73 abroad abroad RB cord-027960-qzg2jsz6 139 74 ) ) -RRB- cord-027960-qzg2jsz6 139 75 . . . cord-027960-qzg2jsz6 140 1 16 16 CD cord-027960-qzg2jsz6 141 1 Competitiveness competitiveness NN cord-027960-qzg2jsz6 141 2 was be VBD cord-027960-qzg2jsz6 141 3 further further RB cord-027960-qzg2jsz6 141 4 hindered hinder VBN cord-027960-qzg2jsz6 141 5 by by IN cord-027960-qzg2jsz6 141 6 a a DT cord-027960-qzg2jsz6 141 7 deep deep JJ cord-027960-qzg2jsz6 141 8 process process NN cord-027960-qzg2jsz6 141 9 of of IN cord-027960-qzg2jsz6 141 10 economic economic JJ cord-027960-qzg2jsz6 141 11 deindustrialization deindustrialization NN cord-027960-qzg2jsz6 141 12 , , , cord-027960-qzg2jsz6 141 13 low low JJ cord-027960-qzg2jsz6 141 14 value value NN cord-027960-qzg2jsz6 141 15 added add VBN cord-027960-qzg2jsz6 141 16 and and CC cord-027960-qzg2jsz6 141 17 complexity complexity NN cord-027960-qzg2jsz6 141 18 of of IN cord-027960-qzg2jsz6 141 19 exports export NNS cord-027960-qzg2jsz6 141 20 , , , cord-027960-qzg2jsz6 141 21 and and CC cord-027960-qzg2jsz6 141 22 low low JJ cord-027960-qzg2jsz6 141 23 insertion insertion NN cord-027960-qzg2jsz6 141 24 in in IN cord-027960-qzg2jsz6 141 25 global global JJ cord-027960-qzg2jsz6 141 26 value value NN cord-027960-qzg2jsz6 141 27 chains chain NNS cord-027960-qzg2jsz6 141 28 . . . cord-027960-qzg2jsz6 142 1 In in IN cord-027960-qzg2jsz6 142 2 addition addition NN cord-027960-qzg2jsz6 142 3 , , , cord-027960-qzg2jsz6 142 4 family family NN cord-027960-qzg2jsz6 142 5 indebtedness indebtedness NN cord-027960-qzg2jsz6 142 6 reached reach VBD cord-027960-qzg2jsz6 142 7 a a DT cord-027960-qzg2jsz6 142 8 record record NN cord-027960-qzg2jsz6 142 9 115 115 CD cord-027960-qzg2jsz6 142 10 % % NN cord-027960-qzg2jsz6 142 11 of of IN cord-027960-qzg2jsz6 142 12 disposable disposable JJ cord-027960-qzg2jsz6 142 13 income income NN cord-027960-qzg2jsz6 142 14 in in IN cord-027960-qzg2jsz6 142 15 2006 2006 CD cord-027960-qzg2jsz6 142 16 , , , cord-027960-qzg2jsz6 142 17 and and CC cord-027960-qzg2jsz6 142 18 the the DT cord-027960-qzg2jsz6 142 19 construction construction NN cord-027960-qzg2jsz6 142 20 and and CC cord-027960-qzg2jsz6 142 21 housing housing NN cord-027960-qzg2jsz6 142 22 sectors sector NNS cord-027960-qzg2jsz6 142 23 accounted account VBD cord-027960-qzg2jsz6 142 24 for for IN cord-027960-qzg2jsz6 142 25 18.5 18.5 CD cord-027960-qzg2jsz6 142 26 % % NN cord-027960-qzg2jsz6 142 27 of of IN cord-027960-qzg2jsz6 142 28 GDP GDP NNP cord-027960-qzg2jsz6 142 29 ( ( -LRB- cord-027960-qzg2jsz6 142 30 twice twice PDT cord-027960-qzg2jsz6 142 31 the the DT cord-027960-qzg2jsz6 142 32 Eurozone Eurozone NNP cord-027960-qzg2jsz6 142 33 average average NN cord-027960-qzg2jsz6 142 34 ) ) -RRB- cord-027960-qzg2jsz6 142 35 . . . cord-027960-qzg2jsz6 143 1 House house NN cord-027960-qzg2jsz6 143 2 prices price NNS cord-027960-qzg2jsz6 143 3 rose rise VBD cord-027960-qzg2jsz6 143 4 by by IN cord-027960-qzg2jsz6 143 5 150 150 CD cord-027960-qzg2jsz6 143 6 % % NN cord-027960-qzg2jsz6 143 7 since since IN cord-027960-qzg2jsz6 143 8 1998 1998 CD cord-027960-qzg2jsz6 143 9 , , , cord-027960-qzg2jsz6 143 10 and and CC cord-027960-qzg2jsz6 143 11 the the DT cord-027960-qzg2jsz6 143 12 average average JJ cord-027960-qzg2jsz6 143 13 price price NN cord-027960-qzg2jsz6 143 14 of of IN cord-027960-qzg2jsz6 143 15 a a DT cord-027960-qzg2jsz6 143 16 square square JJ cord-027960-qzg2jsz6 143 17 meter meter NN cord-027960-qzg2jsz6 143 18 of of IN cord-027960-qzg2jsz6 143 19 residential residential JJ cord-027960-qzg2jsz6 143 20 property property NN cord-027960-qzg2jsz6 143 21 went go VBD cord-027960-qzg2jsz6 143 22 up up RP cord-027960-qzg2jsz6 143 23 from from IN cord-027960-qzg2jsz6 143 24 700 700 CD cord-027960-qzg2jsz6 143 25 Euros euro NNS cord-027960-qzg2jsz6 143 26 in in IN cord-027960-qzg2jsz6 143 27 1997 1997 CD cord-027960-qzg2jsz6 143 28 to to IN cord-027960-qzg2jsz6 143 29 2000 2000 CD cord-027960-qzg2jsz6 143 30 at at IN cord-027960-qzg2jsz6 143 31 the the DT cord-027960-qzg2jsz6 143 32 end end NN cord-027960-qzg2jsz6 143 33 of of IN cord-027960-qzg2jsz6 143 34 2006 2006 CD cord-027960-qzg2jsz6 143 35 , , , cord-027960-qzg2jsz6 143 36 even even RB cord-027960-qzg2jsz6 143 37 though though IN cord-027960-qzg2jsz6 143 38 the the DT cord-027960-qzg2jsz6 143 39 housing housing NN cord-027960-qzg2jsz6 143 40 stock stock NN cord-027960-qzg2jsz6 143 41 had have VBD cord-027960-qzg2jsz6 143 42 doubled double VBN cord-027960-qzg2jsz6 143 43 . . . cord-027960-qzg2jsz6 144 1 Many many JJ cord-027960-qzg2jsz6 144 2 wondered wonder VBD cord-027960-qzg2jsz6 144 3 whether whether IN cord-027960-qzg2jsz6 144 4 this this DT cord-027960-qzg2jsz6 144 5 bubble bubble NN cord-027960-qzg2jsz6 144 6 was be VBD cord-027960-qzg2jsz6 144 7 sustainable sustainable JJ cord-027960-qzg2jsz6 144 8 . . . cord-027960-qzg2jsz6 145 1 17 17 CD cord-027960-qzg2jsz6 146 1 The the DT cord-027960-qzg2jsz6 146 2 crisis crisis NN cord-027960-qzg2jsz6 146 3 that that WDT cord-027960-qzg2jsz6 146 4 started start VBD cord-027960-qzg2jsz6 146 5 in in IN cord-027960-qzg2jsz6 146 6 2008 2008 CD cord-027960-qzg2jsz6 146 7 confirmed confirm VBD cord-027960-qzg2jsz6 146 8 the the DT cord-027960-qzg2jsz6 146 9 worst bad JJS cord-027960-qzg2jsz6 146 10 fears fear NNS cord-027960-qzg2jsz6 146 11 , , , cord-027960-qzg2jsz6 146 12 and and CC cord-027960-qzg2jsz6 146 13 the the DT cord-027960-qzg2jsz6 146 14 implosion implosion NN cord-027960-qzg2jsz6 146 15 of of IN cord-027960-qzg2jsz6 146 16 the the DT cord-027960-qzg2jsz6 146 17 housing housing NN cord-027960-qzg2jsz6 146 18 bubble bubble NN cord-027960-qzg2jsz6 146 19 fueled fuel VBD cord-027960-qzg2jsz6 146 20 corruption corruption NN cord-027960-qzg2jsz6 146 21 and and CC cord-027960-qzg2jsz6 146 22 bad bad JJ cord-027960-qzg2jsz6 146 23 practices practice NNS cord-027960-qzg2jsz6 146 24 in in IN cord-027960-qzg2jsz6 146 25 the the DT cord-027960-qzg2jsz6 146 26 cajas cajas NNP cord-027960-qzg2jsz6 146 27 sector sector NN cord-027960-qzg2jsz6 146 28 of of IN cord-027960-qzg2jsz6 146 29 the the DT cord-027960-qzg2jsz6 146 30 financial financial JJ cord-027960-qzg2jsz6 146 31 system system NN cord-027960-qzg2jsz6 146 32 . . . cord-027960-qzg2jsz6 147 1 Moreover moreover RB cord-027960-qzg2jsz6 147 2 , , , cord-027960-qzg2jsz6 147 3 between between IN cord-027960-qzg2jsz6 147 4 40 40 CD cord-027960-qzg2jsz6 147 5 and and CC cord-027960-qzg2jsz6 147 6 60 60 CD cord-027960-qzg2jsz6 147 7 % % NN cord-027960-qzg2jsz6 147 8 of of IN cord-027960-qzg2jsz6 147 9 the the DT cord-027960-qzg2jsz6 147 10 benefits benefit NNS cord-027960-qzg2jsz6 147 11 of of IN cord-027960-qzg2jsz6 147 12 the the DT cord-027960-qzg2jsz6 147 13 largest large JJS cord-027960-qzg2jsz6 147 14 Spanish spanish JJ cord-027960-qzg2jsz6 147 15 companies company NNS cord-027960-qzg2jsz6 147 16 came come VBD cord-027960-qzg2jsz6 147 17 from from IN cord-027960-qzg2jsz6 147 18 abroad abroad RB cord-027960-qzg2jsz6 147 19 . . . cord-027960-qzg2jsz6 148 1 Yet yet RB cord-027960-qzg2jsz6 148 2 , , , cord-027960-qzg2jsz6 148 3 in in IN cord-027960-qzg2jsz6 148 4 the the DT cord-027960-qzg2jsz6 148 5 years year NNS cord-027960-qzg2jsz6 148 6 prior prior RB cord-027960-qzg2jsz6 148 7 to to IN cord-027960-qzg2jsz6 148 8 the the DT cord-027960-qzg2jsz6 148 9 crisis crisis NN cord-027960-qzg2jsz6 148 10 this this DT cord-027960-qzg2jsz6 148 11 figure figure NN cord-027960-qzg2jsz6 148 12 had have VBD cord-027960-qzg2jsz6 148 13 decreased decrease VBN cord-027960-qzg2jsz6 148 14 by by IN cord-027960-qzg2jsz6 148 15 approximately approximately RB cord-027960-qzg2jsz6 148 16 10 10 CD cord-027960-qzg2jsz6 148 17 percentage percentage NN cord-027960-qzg2jsz6 148 18 points point NNS cord-027960-qzg2jsz6 148 19 , , , cord-027960-qzg2jsz6 148 20 and and CC cord-027960-qzg2jsz6 148 21 there there EX cord-027960-qzg2jsz6 148 22 had have VBD cord-027960-qzg2jsz6 148 23 been be VBN cord-027960-qzg2jsz6 148 24 a a DT cord-027960-qzg2jsz6 148 25 decline decline NN cord-027960-qzg2jsz6 148 26 in in IN cord-027960-qzg2jsz6 148 27 direct direct JJ cord-027960-qzg2jsz6 148 28 foreign foreign JJ cord-027960-qzg2jsz6 148 29 investment investment NN cord-027960-qzg2jsz6 148 30 of of IN cord-027960-qzg2jsz6 148 31 all all DT cord-027960-qzg2jsz6 148 32 types type NNS cord-027960-qzg2jsz6 148 33 in in IN cord-027960-qzg2jsz6 148 34 the the DT cord-027960-qzg2jsz6 148 35 country country NN cord-027960-qzg2jsz6 148 36 , , , cord-027960-qzg2jsz6 148 37 falling fall VBG cord-027960-qzg2jsz6 148 38 from from IN cord-027960-qzg2jsz6 148 39 a a DT cord-027960-qzg2jsz6 148 40 peak peak NN cord-027960-qzg2jsz6 148 41 of of IN cord-027960-qzg2jsz6 148 42 38.3 38.3 CD cord-027960-qzg2jsz6 148 43 billion billion CD cord-027960-qzg2jsz6 148 44 euros euro NNS cord-027960-qzg2jsz6 148 45 in in IN cord-027960-qzg2jsz6 148 46 2000 2000 CD cord-027960-qzg2jsz6 148 47 to to IN cord-027960-qzg2jsz6 148 48 16.6 16.6 CD cord-027960-qzg2jsz6 148 49 billion billion CD cord-027960-qzg2jsz6 148 50 euros euro NNS cord-027960-qzg2jsz6 148 51 in in IN cord-027960-qzg2jsz6 148 52 2005 2005 CD cord-027960-qzg2jsz6 148 53 . . . cord-027960-qzg2jsz6 149 1 18 18 CD cord-027960-qzg2jsz6 149 2 States state NNS cord-027960-qzg2jsz6 149 3 ; ; : cord-027960-qzg2jsz6 149 4 imports import NNS cord-027960-qzg2jsz6 149 5 were be VBD cord-027960-qzg2jsz6 149 6 25 25 CD cord-027960-qzg2jsz6 149 7 % % NN cord-027960-qzg2jsz6 149 8 higher high JJR cord-027960-qzg2jsz6 149 9 than than IN cord-027960-qzg2jsz6 149 10 exports export NNS cord-027960-qzg2jsz6 149 11 and and CC cord-027960-qzg2jsz6 149 12 Spanish spanish JJ cord-027960-qzg2jsz6 149 13 companies company NNS cord-027960-qzg2jsz6 149 14 were be VBD cord-027960-qzg2jsz6 149 15 losing lose VBG cord-027960-qzg2jsz6 149 16 market market NN cord-027960-qzg2jsz6 149 17 share share NN cord-027960-qzg2jsz6 149 18 in in IN cord-027960-qzg2jsz6 149 19 the the DT cord-027960-qzg2jsz6 149 20 world world NN cord-027960-qzg2jsz6 149 21 . . . cord-027960-qzg2jsz6 150 1 Hence hence RB cord-027960-qzg2jsz6 150 2 , , , cord-027960-qzg2jsz6 150 3 the the DT cord-027960-qzg2jsz6 150 4 trade trade NN cord-027960-qzg2jsz6 150 5 deficit deficit NN cord-027960-qzg2jsz6 150 6 reached reach VBD cord-027960-qzg2jsz6 150 7 9.5 9.5 CD cord-027960-qzg2jsz6 150 8 % % NN cord-027960-qzg2jsz6 150 9 in in IN cord-027960-qzg2jsz6 150 10 2008 2008 CD cord-027960-qzg2jsz6 150 11 . . . cord-027960-qzg2jsz6 151 1 19 19 CD cord-027960-qzg2jsz6 152 1 While while IN cord-027960-qzg2jsz6 152 2 there there EX cord-027960-qzg2jsz6 152 3 was be VBD cord-027960-qzg2jsz6 152 4 overall overall JJ cord-027960-qzg2jsz6 152 5 consensus consensus NN cord-027960-qzg2jsz6 152 6 that that WDT cord-027960-qzg2jsz6 152 7 the the DT cord-027960-qzg2jsz6 152 8 country country NN cord-027960-qzg2jsz6 152 9 needed need VBD cord-027960-qzg2jsz6 152 10 to to TO cord-027960-qzg2jsz6 152 11 improve improve VB cord-027960-qzg2jsz6 152 12 its -PRON- PRP$ cord-027960-qzg2jsz6 152 13 education education NN cord-027960-qzg2jsz6 152 14 system system NN cord-027960-qzg2jsz6 152 15 and and CC cord-027960-qzg2jsz6 152 16 invest invest VB cord-027960-qzg2jsz6 152 17 in in IN cord-027960-qzg2jsz6 152 18 research research NN cord-027960-qzg2jsz6 152 19 and and CC cord-027960-qzg2jsz6 152 20 development development NN cord-027960-qzg2jsz6 152 21 to to TO cord-027960-qzg2jsz6 152 22 lift lift VB cord-027960-qzg2jsz6 152 23 productivity productivity NN cord-027960-qzg2jsz6 152 24 , , , cord-027960-qzg2jsz6 152 25 as as RB cord-027960-qzg2jsz6 152 26 well well RB cord-027960-qzg2jsz6 152 27 as as IN cord-027960-qzg2jsz6 152 28 modernize modernize VB cord-027960-qzg2jsz6 152 29 the the DT cord-027960-qzg2jsz6 152 30 public public JJ cord-027960-qzg2jsz6 152 31 sector sector NN cord-027960-qzg2jsz6 152 32 , , , cord-027960-qzg2jsz6 152 33 and and CC cord-027960-qzg2jsz6 152 34 make make VB cord-027960-qzg2jsz6 152 35 the the DT cord-027960-qzg2jsz6 152 36 labor labor NN cord-027960-qzg2jsz6 152 37 market market NN cord-027960-qzg2jsz6 152 38 more more RBR cord-027960-qzg2jsz6 152 39 stable stable JJ cord-027960-qzg2jsz6 153 1 ( ( -LRB- cord-027960-qzg2jsz6 153 2 i.e. i.e. FW cord-027960-qzg2jsz6 153 3 , , , cord-027960-qzg2jsz6 153 4 reduce reduce VB cord-027960-qzg2jsz6 153 5 the the DT cord-027960-qzg2jsz6 153 6 temporary temporary JJ cord-027960-qzg2jsz6 153 7 rate rate NN cord-027960-qzg2jsz6 153 8 ) ) -RRB- cord-027960-qzg2jsz6 153 9 and and CC cord-027960-qzg2jsz6 153 10 flexible flexible JJ cord-027960-qzg2jsz6 153 11 , , , cord-027960-qzg2jsz6 153 12 the the DT cord-027960-qzg2jsz6 153 13 government government NN cord-027960-qzg2jsz6 153 14 did do VBD cord-027960-qzg2jsz6 153 15 not not RB cord-027960-qzg2jsz6 153 16 take take VB cord-027960-qzg2jsz6 153 17 the the DT cord-027960-qzg2jsz6 153 18 necessary necessary JJ cord-027960-qzg2jsz6 153 19 actions action NNS cord-027960-qzg2jsz6 153 20 to to TO cord-027960-qzg2jsz6 153 21 address address VB cord-027960-qzg2jsz6 153 22 these these DT cord-027960-qzg2jsz6 153 23 problems problem NNS cord-027960-qzg2jsz6 153 24 . . . cord-027960-qzg2jsz6 154 1 Spain Spain NNP cord-027960-qzg2jsz6 154 2 spent spend VBD cord-027960-qzg2jsz6 154 3 only only RB cord-027960-qzg2jsz6 154 4 half half NN cord-027960-qzg2jsz6 154 5 of of IN cord-027960-qzg2jsz6 154 6 what what WP cord-027960-qzg2jsz6 154 7 the the DT cord-027960-qzg2jsz6 154 8 Organization Organization NNP cord-027960-qzg2jsz6 154 9 of of IN cord-027960-qzg2jsz6 154 10 European European NNP cord-027960-qzg2jsz6 154 11 Co Co NNP cord-027960-qzg2jsz6 154 12 - - NN cord-027960-qzg2jsz6 154 13 operation operation NN cord-027960-qzg2jsz6 154 14 and and CC cord-027960-qzg2jsz6 154 15 Development Development NNP cord-027960-qzg2jsz6 154 16 ( ( -LRB- cord-027960-qzg2jsz6 154 17 OECD OECD NNP cord-027960-qzg2jsz6 154 18 ) ) -RRB- cord-027960-qzg2jsz6 154 19 countries country NNS cord-027960-qzg2jsz6 154 20 spent spend VBN cord-027960-qzg2jsz6 154 21 on on IN cord-027960-qzg2jsz6 154 22 average average JJ cord-027960-qzg2jsz6 154 23 on on IN cord-027960-qzg2jsz6 154 24 education education NN cord-027960-qzg2jsz6 154 25 ; ; : cord-027960-qzg2jsz6 154 26 it -PRON- PRP cord-027960-qzg2jsz6 154 27 lagged lag VBD cord-027960-qzg2jsz6 154 28 most most JJS cord-027960-qzg2jsz6 154 29 of of IN cord-027960-qzg2jsz6 154 30 Europe Europe NNP cord-027960-qzg2jsz6 154 31 on on IN cord-027960-qzg2jsz6 154 32 investment investment NN cord-027960-qzg2jsz6 154 33 in in IN cord-027960-qzg2jsz6 154 34 Research Research NNP cord-027960-qzg2jsz6 154 35 and and CC cord-027960-qzg2jsz6 154 36 Development Development NNP cord-027960-qzg2jsz6 154 37 ( ( -LRB- cord-027960-qzg2jsz6 154 38 R&D r&d NN cord-027960-qzg2jsz6 154 39 ) ) -RRB- cord-027960-qzg2jsz6 154 40 ; ; : cord-027960-qzg2jsz6 154 41 and and CC cord-027960-qzg2jsz6 154 42 it -PRON- PRP cord-027960-qzg2jsz6 154 43 was be VBD cord-027960-qzg2jsz6 154 44 ranked rank VBN cord-027960-qzg2jsz6 154 45 29th 29th NN cord-027960-qzg2jsz6 154 46 by by IN cord-027960-qzg2jsz6 154 47 the the DT cord-027960-qzg2jsz6 154 48 UNCTAD UNCTAD NNP cord-027960-qzg2jsz6 154 49 as as IN cord-027960-qzg2jsz6 154 50 an an DT cord-027960-qzg2jsz6 154 51 attractive attractive JJ cord-027960-qzg2jsz6 154 52 location location NN cord-027960-qzg2jsz6 154 53 for for IN cord-027960-qzg2jsz6 154 54 research research NN cord-027960-qzg2jsz6 154 55 and and CC cord-027960-qzg2jsz6 154 56 development development NN cord-027960-qzg2jsz6 154 57 . . . cord-027960-qzg2jsz6 155 1 Finally finally RB cord-027960-qzg2jsz6 155 2 , , , cord-027960-qzg2jsz6 155 3 other other JJ cord-027960-qzg2jsz6 155 4 observers observer NNS cord-027960-qzg2jsz6 155 5 noted note VBD cord-027960-qzg2jsz6 155 6 that that IN cord-027960-qzg2jsz6 155 7 Spain Spain NNP cord-027960-qzg2jsz6 155 8 was be VBD cord-027960-qzg2jsz6 155 9 failing fail VBG cord-027960-qzg2jsz6 155 10 to to TO cord-027960-qzg2jsz6 155 11 do do VB cord-027960-qzg2jsz6 155 12 more more JJR cord-027960-qzg2jsz6 155 13 to to TO cord-027960-qzg2jsz6 155 14 integrate integrate VB cord-027960-qzg2jsz6 155 15 its -PRON- PRP$ cord-027960-qzg2jsz6 155 16 immigrant immigrant JJ cord-027960-qzg2jsz6 155 17 population population NN cord-027960-qzg2jsz6 155 18 , , , cord-027960-qzg2jsz6 155 19 and and CC cord-027960-qzg2jsz6 155 20 social social JJ cord-027960-qzg2jsz6 155 21 divisions division NNS cord-027960-qzg2jsz6 155 22 were be VBD cord-027960-qzg2jsz6 155 23 beginning begin VBG cord-027960-qzg2jsz6 155 24 to to TO cord-027960-qzg2jsz6 155 25 emerge emerge VB cord-027960-qzg2jsz6 155 26 . . . cord-027960-qzg2jsz6 156 1 20 20 CD cord-027960-qzg2jsz6 157 1 By by IN cord-027960-qzg2jsz6 157 2 the the DT cord-027960-qzg2jsz6 157 3 summer summer NN cord-027960-qzg2jsz6 157 4 of of IN cord-027960-qzg2jsz6 157 5 2008 2008 CD cord-027960-qzg2jsz6 157 6 , , , cord-027960-qzg2jsz6 157 7 the the DT cord-027960-qzg2jsz6 157 8 effects effect NNS cord-027960-qzg2jsz6 157 9 of of IN cord-027960-qzg2jsz6 157 10 the the DT cord-027960-qzg2jsz6 157 11 global global JJ cord-027960-qzg2jsz6 157 12 crisis crisis NN cord-027960-qzg2jsz6 157 13 were be VBD cord-027960-qzg2jsz6 157 14 evident evident JJ cord-027960-qzg2jsz6 157 15 in in IN cord-027960-qzg2jsz6 157 16 Spain Spain NNP cord-027960-qzg2jsz6 157 17 , , , cord-027960-qzg2jsz6 157 18 and and CC cord-027960-qzg2jsz6 157 19 between between IN cord-027960-qzg2jsz6 157 20 2008 2008 CD cord-027960-qzg2jsz6 157 21 and and CC cord-027960-qzg2jsz6 157 22 2013 2013 CD cord-027960-qzg2jsz6 157 23 the the DT cord-027960-qzg2jsz6 157 24 country country NN cord-027960-qzg2jsz6 157 25 suffered suffer VBD cord-027960-qzg2jsz6 157 26 one one CD cord-027960-qzg2jsz6 157 27 of of IN cord-027960-qzg2jsz6 157 28 the the DT cord-027960-qzg2jsz6 157 29 worst bad JJS cord-027960-qzg2jsz6 157 30 recession recession NN cord-027960-qzg2jsz6 157 31 in in IN cord-027960-qzg2jsz6 157 32 modern modern JJ cord-027960-qzg2jsz6 157 33 history history NN cord-027960-qzg2jsz6 157 34 . . . cord-027960-qzg2jsz6 158 1 This this DT cord-027960-qzg2jsz6 158 2 collapse collapse NN cord-027960-qzg2jsz6 158 3 was be VBD cord-027960-qzg2jsz6 158 4 not not RB cord-027960-qzg2jsz6 158 5 wholly wholly RB cord-027960-qzg2jsz6 158 6 unexpected unexpected JJ cord-027960-qzg2jsz6 158 7 . . . cord-027960-qzg2jsz6 159 1 The the DT cord-027960-qzg2jsz6 159 2 global global JJ cord-027960-qzg2jsz6 159 3 liquidity liquidity NN cord-027960-qzg2jsz6 159 4 freeze freeze NN cord-027960-qzg2jsz6 159 5 and and CC cord-027960-qzg2jsz6 159 6 the the DT cord-027960-qzg2jsz6 159 7 surge surge NN cord-027960-qzg2jsz6 159 8 in in IN cord-027960-qzg2jsz6 159 9 commodities commodity NNS cord-027960-qzg2jsz6 159 10 , , , cord-027960-qzg2jsz6 159 11 food food NN cord-027960-qzg2jsz6 159 12 , , , cord-027960-qzg2jsz6 159 13 and and CC cord-027960-qzg2jsz6 159 14 energy energy NN cord-027960-qzg2jsz6 159 15 prices price NNS cord-027960-qzg2jsz6 159 16 brought bring VBD cord-027960-qzg2jsz6 159 17 to to IN cord-027960-qzg2jsz6 159 18 the the DT cord-027960-qzg2jsz6 159 19 fore fore NN cord-027960-qzg2jsz6 159 20 the the DT cord-027960-qzg2jsz6 159 21 unbalances unbalance NNS cord-027960-qzg2jsz6 159 22 in in IN cord-027960-qzg2jsz6 159 23 the the DT cord-027960-qzg2jsz6 159 24 Spanish spanish JJ cord-027960-qzg2jsz6 159 25 economy economy NN cord-027960-qzg2jsz6 159 26 : : : cord-027960-qzg2jsz6 159 27 the the DT cord-027960-qzg2jsz6 159 28 record record JJ cord-027960-qzg2jsz6 159 29 current current JJ cord-027960-qzg2jsz6 159 30 account account NN cord-027960-qzg2jsz6 159 31 deficit deficit NN cord-027960-qzg2jsz6 159 32 , , , cord-027960-qzg2jsz6 159 33 persisting persist VBG cord-027960-qzg2jsz6 159 34 inflation inflation NN cord-027960-qzg2jsz6 159 35 , , , cord-027960-qzg2jsz6 159 36 low low JJ cord-027960-qzg2jsz6 159 37 productivity productivity NN cord-027960-qzg2jsz6 159 38 growth growth NN cord-027960-qzg2jsz6 159 39 , , , cord-027960-qzg2jsz6 159 40 dwindling dwindle VBG cord-027960-qzg2jsz6 159 41 competitiveness competitiveness NN cord-027960-qzg2jsz6 159 42 , , , cord-027960-qzg2jsz6 159 43 increasing increase VBG cord-027960-qzg2jsz6 159 44 unitary unitary JJ cord-027960-qzg2jsz6 159 45 labor labor NN cord-027960-qzg2jsz6 159 46 costs cost NNS cord-027960-qzg2jsz6 159 47 , , , cord-027960-qzg2jsz6 159 48 excess excess JJ cord-027960-qzg2jsz6 159 49 consumption consumption NN cord-027960-qzg2jsz6 159 50 , , , cord-027960-qzg2jsz6 159 51 and and CC cord-027960-qzg2jsz6 159 52 low low JJ cord-027960-qzg2jsz6 159 53 savings saving NNS cord-027960-qzg2jsz6 159 54 , , , cord-027960-qzg2jsz6 159 55 had have VBD cord-027960-qzg2jsz6 159 56 all all DT cord-027960-qzg2jsz6 159 57 set set VBN cord-027960-qzg2jsz6 159 58 the the DT cord-027960-qzg2jsz6 159 59 ground ground NN cord-027960-qzg2jsz6 159 60 for for IN cord-027960-qzg2jsz6 159 61 the the DT cord-027960-qzg2jsz6 159 62 current current JJ cord-027960-qzg2jsz6 159 63 devastating devastating JJ cord-027960-qzg2jsz6 159 64 economic economic JJ cord-027960-qzg2jsz6 159 65 crisis crisis NN cord-027960-qzg2jsz6 159 66 ( ( -LRB- cord-027960-qzg2jsz6 159 67 see see VB cord-027960-qzg2jsz6 159 68 Royo Royo NNP cord-027960-qzg2jsz6 159 69 2013 2013 CD cord-027960-qzg2jsz6 159 70 ) ) -RRB- cord-027960-qzg2jsz6 159 71 . . . cord-027960-qzg2jsz6 160 1 As as IN cord-027960-qzg2jsz6 160 2 we -PRON- PRP cord-027960-qzg2jsz6 160 3 have have VBP cord-027960-qzg2jsz6 160 4 seen see VBN cord-027960-qzg2jsz6 160 5 , , , cord-027960-qzg2jsz6 160 6 the the DT cord-027960-qzg2jsz6 160 7 imbalances imbalance NNS cord-027960-qzg2jsz6 160 8 in in IN cord-027960-qzg2jsz6 160 9 the the DT cord-027960-qzg2jsz6 160 10 Spanish spanish JJ cord-027960-qzg2jsz6 160 11 economy economy NN cord-027960-qzg2jsz6 160 12 came come VBD cord-027960-qzg2jsz6 160 13 to to IN cord-027960-qzg2jsz6 160 14 the the DT cord-027960-qzg2jsz6 160 15 fore fore NN cord-027960-qzg2jsz6 160 16 in in IN cord-027960-qzg2jsz6 160 17 2007 2007 CD cord-027960-qzg2jsz6 160 18 - - SYM cord-027960-qzg2jsz6 160 19 2008 2008 CD cord-027960-qzg2jsz6 160 20 when when WRB cord-027960-qzg2jsz6 160 21 the the DT cord-027960-qzg2jsz6 160 22 real real JJ cord-027960-qzg2jsz6 160 23 estate estate NN cord-027960-qzg2jsz6 160 24 market market NN cord-027960-qzg2jsz6 160 25 bubble bubble NN cord-027960-qzg2jsz6 160 26 burst burst NN cord-027960-qzg2jsz6 160 27 and and CC cord-027960-qzg2jsz6 161 1 the the DT cord-027960-qzg2jsz6 161 2 international international JJ cord-027960-qzg2jsz6 161 3 financial financial JJ cord-027960-qzg2jsz6 161 4 crisis crisis NN cord-027960-qzg2jsz6 161 5 hit hit VBD cord-027960-qzg2jsz6 161 6 Spain Spain NNP cord-027960-qzg2jsz6 161 7 ( ( -LRB- cord-027960-qzg2jsz6 161 8 see see VB cord-027960-qzg2jsz6 161 9 Table table NN cord-027960-qzg2jsz6 161 10 4 4 CD cord-027960-qzg2jsz6 161 11 .2 .2 CD cord-027960-qzg2jsz6 161 12 ) ) -RRB- cord-027960-qzg2jsz6 161 13 . . . cord-027960-qzg2jsz6 162 1 In in IN cord-027960-qzg2jsz6 162 2 just just RB cord-027960-qzg2jsz6 162 3 a a DT cord-027960-qzg2jsz6 162 4 few few JJ cord-027960-qzg2jsz6 162 5 months month NNS cord-027960-qzg2jsz6 162 6 the the DT cord-027960-qzg2jsz6 162 7 ' ' `` cord-027960-qzg2jsz6 162 8 debt debt NN cord-027960-qzg2jsz6 162 9 - - HYPH cord-027960-qzg2jsz6 162 10 fired fire VBN cord-027960-qzg2jsz6 162 11 dream dream NN cord-027960-qzg2jsz6 162 12 of of IN cord-027960-qzg2jsz6 162 13 endless endless JJ cord-027960-qzg2jsz6 162 14 consumption consumption NN cord-027960-qzg2jsz6 162 15 ' ' '' cord-027960-qzg2jsz6 162 16 turned turn VBD cord-027960-qzg2jsz6 162 17 into into IN cord-027960-qzg2jsz6 162 18 a a DT cord-027960-qzg2jsz6 162 19 nightmare nightmare NN cord-027960-qzg2jsz6 162 20 . . . cord-027960-qzg2jsz6 163 1 By by IN cord-027960-qzg2jsz6 163 2 the the DT cord-027960-qzg2jsz6 163 3 summer summer NN cord-027960-qzg2jsz6 163 4 of of IN cord-027960-qzg2jsz6 163 5 2013 2013 CD cord-027960-qzg2jsz6 163 6 , , , cord-027960-qzg2jsz6 163 7 Spain Spain NNP cord-027960-qzg2jsz6 163 8 faced face VBD cord-027960-qzg2jsz6 163 9 the the DT cord-027960-qzg2jsz6 163 10 worst bad JJS cord-027960-qzg2jsz6 163 11 economic economic JJ cord-027960-qzg2jsz6 163 12 recession recession NN cord-027960-qzg2jsz6 163 13 in in IN cord-027960-qzg2jsz6 163 14 half half PDT cord-027960-qzg2jsz6 163 15 a a DT cord-027960-qzg2jsz6 163 16 century century NN cord-027960-qzg2jsz6 163 17 . . . cord-027960-qzg2jsz6 164 1 According accord VBG cord-027960-qzg2jsz6 164 2 to to IN cord-027960-qzg2jsz6 164 3 government government NN cord-027960-qzg2jsz6 164 4 statistics statistic NNS cord-027960-qzg2jsz6 164 5 , , , cord-027960-qzg2jsz6 164 6 2009 2009 CD cord-027960-qzg2jsz6 164 7 was be VBD cord-027960-qzg2jsz6 164 8 the the DT cord-027960-qzg2jsz6 164 9 worst bad JJS cord-027960-qzg2jsz6 164 10 year year NN cord-027960-qzg2jsz6 164 11 since since IN cord-027960-qzg2jsz6 164 12 there there EX cord-027960-qzg2jsz6 164 13 has have VBZ cord-027960-qzg2jsz6 164 14 been be VBN cord-027960-qzg2jsz6 164 15 reliable reliable JJ cord-027960-qzg2jsz6 164 16 data datum NNS cord-027960-qzg2jsz6 164 17 : : : cord-027960-qzg2jsz6 164 18 GDP GDP NNP cord-027960-qzg2jsz6 164 19 fell fall VBD cord-027960-qzg2jsz6 164 20 3.7 3.7 CD cord-027960-qzg2jsz6 164 21 % % NN cord-027960-qzg2jsz6 164 22 , , , cord-027960-qzg2jsz6 164 23 unemployment unemployment NN cord-027960-qzg2jsz6 164 24 reached reach VBD cord-027960-qzg2jsz6 164 25 over over IN cord-027960-qzg2jsz6 164 26 four four CD cord-027960-qzg2jsz6 164 27 million million CD cord-027960-qzg2jsz6 164 28 people people NNS cord-027960-qzg2jsz6 164 29 ( ( -LRB- cord-027960-qzg2jsz6 164 30 eventually eventually RB cord-027960-qzg2jsz6 164 31 reaching reach VBG cord-027960-qzg2jsz6 164 32 over over IN cord-027960-qzg2jsz6 164 33 27 27 CD cord-027960-qzg2jsz6 164 34 % % NN cord-027960-qzg2jsz6 164 35 in in IN cord-027960-qzg2jsz6 164 36 2012 2012 CD cord-027960-qzg2jsz6 164 37 , , , cord-027960-qzg2jsz6 164 38 with with IN cord-027960-qzg2jsz6 164 39 more more JJR cord-027960-qzg2jsz6 164 40 than than IN cord-027960-qzg2jsz6 164 41 6 6 CD cord-027960-qzg2jsz6 164 42 million million CD cord-027960-qzg2jsz6 164 43 people people NNS cord-027960-qzg2jsz6 164 44 unemployed unemployed JJ cord-027960-qzg2jsz6 164 45 ) ) -RRB- cord-027960-qzg2jsz6 164 46 , , , cord-027960-qzg2jsz6 164 47 and and CC cord-027960-qzg2jsz6 164 48 the the DT cord-027960-qzg2jsz6 164 49 public public JJ cord-027960-qzg2jsz6 164 50 deficit deficit NN cord-027960-qzg2jsz6 164 51 reached reach VBD cord-027960-qzg2jsz6 164 52 a a DT cord-027960-qzg2jsz6 164 53 record record NN cord-027960-qzg2jsz6 164 54 11.4 11.4 CD cord-027960-qzg2jsz6 164 55 % % NN cord-027960-qzg2jsz6 164 56 of of IN cord-027960-qzg2jsz6 164 57 GDP GDP NNP cord-027960-qzg2jsz6 164 58 ( ( -LRB- cord-027960-qzg2jsz6 164 59 up up RB cord-027960-qzg2jsz6 164 60 from from IN cord-027960-qzg2jsz6 164 61 3.4 3.4 CD cord-027960-qzg2jsz6 164 62 % % NN cord-027960-qzg2jsz6 164 63 in in IN cord-027960-qzg2jsz6 164 64 2008 2008 CD cord-027960-qzg2jsz6 164 65 ) ) -RRB- cord-027960-qzg2jsz6 164 66 . . . cord-027960-qzg2jsz6 165 1 Consumer consumer NN cord-027960-qzg2jsz6 165 2 confidence confidence NN cord-027960-qzg2jsz6 165 3 was be VBD cord-027960-qzg2jsz6 165 4 shattered shatter VBN cord-027960-qzg2jsz6 165 5 , , , cord-027960-qzg2jsz6 165 6 the the DT cord-027960-qzg2jsz6 165 7 implosion implosion NN cord-027960-qzg2jsz6 165 8 of of IN cord-027960-qzg2jsz6 165 9 the the DT cord-027960-qzg2jsz6 165 10 housing housing NN cord-027960-qzg2jsz6 165 11 sector sector NN cord-027960-qzg2jsz6 165 12 reached reach VBD cord-027960-qzg2jsz6 165 13 historic historic JJ cord-027960-qzg2jsz6 165 14 proportions proportion NNS cord-027960-qzg2jsz6 165 15 , , , cord-027960-qzg2jsz6 165 16 and and CC cord-027960-qzg2jsz6 165 17 the the DT cord-027960-qzg2jsz6 165 18 manufacturing manufacturing NN cord-027960-qzg2jsz6 165 19 sector sector NN cord-027960-qzg2jsz6 165 20 was be VBD cord-027960-qzg2jsz6 165 21 also also RB cord-027960-qzg2jsz6 165 22 suffering suffer VBG cord-027960-qzg2jsz6 165 23 . . . cord-027960-qzg2jsz6 166 1 Initially initially RB cord-027960-qzg2jsz6 166 2 , , , cord-027960-qzg2jsz6 166 3 the the DT cord-027960-qzg2jsz6 166 4 Zapatero Zapatero NNP cord-027960-qzg2jsz6 166 5 government government NN cord-027960-qzg2jsz6 166 6 was be VBD cord-027960-qzg2jsz6 166 7 reluctant reluctant JJ cord-027960-qzg2jsz6 166 8 to to TO cord-027960-qzg2jsz6 166 9 recognize recognize VB cord-027960-qzg2jsz6 166 10 the the DT cord-027960-qzg2jsz6 166 11 crisis crisis NN cord-027960-qzg2jsz6 166 12 , , , cord-027960-qzg2jsz6 166 13 which which WDT cord-027960-qzg2jsz6 166 14 was be VBD cord-027960-qzg2jsz6 166 15 becoming become VBG cord-027960-qzg2jsz6 166 16 evident evident JJ cord-027960-qzg2jsz6 166 17 as as RB cord-027960-qzg2jsz6 166 18 early early RB cord-027960-qzg2jsz6 166 19 as as IN cord-027960-qzg2jsz6 166 20 the the DT cord-027960-qzg2jsz6 166 21 summer summer NN cord-027960-qzg2jsz6 166 22 of of IN cord-027960-qzg2jsz6 166 23 2007 2007 CD cord-027960-qzg2jsz6 166 24 , , , cord-027960-qzg2jsz6 166 25 because because IN cord-027960-qzg2jsz6 166 26 of of IN cord-027960-qzg2jsz6 166 27 electoral electoral JJ cord-027960-qzg2jsz6 166 28 considerations consideration NNS cord-027960-qzg2jsz6 166 29 : : : cord-027960-qzg2jsz6 166 30 The the DT cord-027960-qzg2jsz6 166 31 country country NN cord-027960-qzg2jsz6 166 32 had have VBD cord-027960-qzg2jsz6 166 33 a a DT cord-027960-qzg2jsz6 166 34 general general JJ cord-027960-qzg2jsz6 166 35 election election NN cord-027960-qzg2jsz6 166 36 in in IN cord-027960-qzg2jsz6 166 37 March March NNP cord-027960-qzg2jsz6 166 38 2008 2008 CD cord-027960-qzg2jsz6 166 39 . . . cord-027960-qzg2jsz6 167 1 And and CC cord-027960-qzg2jsz6 167 2 after after IN cord-027960-qzg2jsz6 167 3 the the DT cord-027960-qzg2jsz6 167 4 election election NN cord-027960-qzg2jsz6 167 5 , , , cord-027960-qzg2jsz6 167 6 the the DT cord-027960-qzg2jsz6 167 7 Zapatero Zapatero NNP cord-027960-qzg2jsz6 167 8 government government NN cord-027960-qzg2jsz6 167 9 was be VBD cord-027960-qzg2jsz6 167 10 afraid afraid JJ cord-027960-qzg2jsz6 167 11 to to TO cord-027960-qzg2jsz6 167 12 admit admit VB cord-027960-qzg2jsz6 167 13 that that IN cord-027960-qzg2jsz6 167 14 it -PRON- PRP cord-027960-qzg2jsz6 167 15 had have VBD cord-027960-qzg2jsz6 167 16 not not RB cord-027960-qzg2jsz6 167 17 been be VBN cord-027960-qzg2jsz6 167 18 entirely entirely RB cord-027960-qzg2jsz6 167 19 truthful truthful JJ cord-027960-qzg2jsz6 167 20 during during IN cord-027960-qzg2jsz6 167 21 the the DT cord-027960-qzg2jsz6 167 22 campaign campaign NN cord-027960-qzg2jsz6 167 23 . . . cord-027960-qzg2jsz6 168 1 By by IN cord-027960-qzg2jsz6 168 2 2007 2007 CD cord-027960-qzg2jsz6 168 3 , , , cord-027960-qzg2jsz6 168 4 there there EX cord-027960-qzg2jsz6 168 5 was be VBD cord-027960-qzg2jsz6 168 6 increasing increase VBG cord-027960-qzg2jsz6 168 7 evidence evidence NN cord-027960-qzg2jsz6 168 8 that that IN cord-027960-qzg2jsz6 168 9 the the DT cord-027960-qzg2jsz6 168 10 model model NN cord-027960-qzg2jsz6 168 11 based base VBN cord-027960-qzg2jsz6 168 12 on on IN cord-027960-qzg2jsz6 168 13 construction construction NN cord-027960-qzg2jsz6 168 14 was be VBD cord-027960-qzg2jsz6 168 15 already already RB cord-027960-qzg2jsz6 168 16 showing show VBG cord-027960-qzg2jsz6 168 17 symptoms symptom NNS cord-027960-qzg2jsz6 168 18 of of IN cord-027960-qzg2jsz6 168 19 exhaustion exhaustion NN cord-027960-qzg2jsz6 168 20 . . . cord-027960-qzg2jsz6 169 1 Yet yet RB cord-027960-qzg2jsz6 169 2 , , , cord-027960-qzg2jsz6 169 3 the the DT cord-027960-qzg2jsz6 169 4 Spanish spanish JJ cord-027960-qzg2jsz6 169 5 government government NN cord-027960-qzg2jsz6 169 6 not not RB cord-027960-qzg2jsz6 169 7 only only RB cord-027960-qzg2jsz6 169 8 refused refuse VBD cord-027960-qzg2jsz6 169 9 to to TO cord-027960-qzg2jsz6 169 10 recognize recognize VB cord-027960-qzg2jsz6 169 11 that that IN cord-027960-qzg2jsz6 169 12 the the DT cord-027960-qzg2jsz6 169 13 international international JJ cord-027960-qzg2jsz6 169 14 crisis crisis NN cord-027960-qzg2jsz6 169 15 was be VBD cord-027960-qzg2jsz6 169 16 affecting affect VBG cord-027960-qzg2jsz6 169 17 the the DT cord-027960-qzg2jsz6 169 18 country country NN cord-027960-qzg2jsz6 169 19 , , , cord-027960-qzg2jsz6 169 20 but but CC cord-027960-qzg2jsz6 169 21 also also RB cord-027960-qzg2jsz6 169 22 that that IN cord-027960-qzg2jsz6 169 23 in in IN cord-027960-qzg2jsz6 169 24 Spain Spain NNP cord-027960-qzg2jsz6 169 25 the the DT cord-027960-qzg2jsz6 169 26 crises crisis NNS cord-027960-qzg2jsz6 169 27 would would MD cord-027960-qzg2jsz6 169 28 be be VB cord-027960-qzg2jsz6 169 29 aggravated aggravate VBN cord-027960-qzg2jsz6 169 30 by by IN cord-027960-qzg2jsz6 169 31 the the DT cord-027960-qzg2jsz6 169 32 very very RB cord-027960-qzg2jsz6 169 33 high high JJ cord-027960-qzg2jsz6 169 34 levels level NNS cord-027960-qzg2jsz6 169 35 of of IN cord-027960-qzg2jsz6 169 36 private private JJ cord-027960-qzg2jsz6 169 37 indebtedness indebtedness NN cord-027960-qzg2jsz6 169 38 . . . cord-027960-qzg2jsz6 170 1 As as RB cord-027960-qzg2jsz6 170 2 late late RB cord-027960-qzg2jsz6 170 3 as as IN cord-027960-qzg2jsz6 170 4 August August NNP cord-027960-qzg2jsz6 170 5 17 17 CD cord-027960-qzg2jsz6 170 6 , , , cord-027960-qzg2jsz6 170 7 2007 2007 CD cord-027960-qzg2jsz6 170 8 , , , cord-027960-qzg2jsz6 170 9 Finance Finance NNP cord-027960-qzg2jsz6 170 10 Minister Minister NNP cord-027960-qzg2jsz6 170 11 Solbes Solbes NNP cord-027960-qzg2jsz6 170 12 predicted predict VBD cord-027960-qzg2jsz6 170 13 that that IN cord-027960-qzg2jsz6 170 14 ' ' `` cord-027960-qzg2jsz6 170 15 the the DT cord-027960-qzg2jsz6 170 16 crisis crisis NN cord-027960-qzg2jsz6 170 17 would would MD cord-027960-qzg2jsz6 170 18 have have VB cord-027960-qzg2jsz6 170 19 a a DT cord-027960-qzg2jsz6 170 20 relative relative JJ cord-027960-qzg2jsz6 170 21 small small JJ cord-027960-qzg2jsz6 170 22 effect effect NN cord-027960-qzg2jsz6 170 23 ' ' '' cord-027960-qzg2jsz6 170 24 in in IN cord-027960-qzg2jsz6 170 25 the the DT cord-027960-qzg2jsz6 170 26 Spanish spanish JJ cord-027960-qzg2jsz6 170 27 economy economy NN cord-027960-qzg2jsz6 170 28 . . . cord-027960-qzg2jsz6 171 1 When when WRB cord-027960-qzg2jsz6 171 2 it -PRON- PRP cord-027960-qzg2jsz6 171 3 became become VBD cord-027960-qzg2jsz6 171 4 impossible impossible JJ cord-027960-qzg2jsz6 171 5 to to TO cord-027960-qzg2jsz6 171 6 deny deny VB cord-027960-qzg2jsz6 171 7 what what WP cord-027960-qzg2jsz6 171 8 was be VBD cord-027960-qzg2jsz6 171 9 evident evident JJ cord-027960-qzg2jsz6 171 10 , , , cord-027960-qzg2jsz6 171 11 the the DT cord-027960-qzg2jsz6 171 12 government government NN cord-027960-qzg2jsz6 171 13 's 's POS cord-027960-qzg2jsz6 171 14 initial initial JJ cord-027960-qzg2jsz6 171 15 reluctance reluctance NN cord-027960-qzg2jsz6 171 16 to to TO cord-027960-qzg2jsz6 171 17 recognize recognize VB cord-027960-qzg2jsz6 171 18 and and CC cord-027960-qzg2jsz6 171 19 address address VB cord-027960-qzg2jsz6 171 20 the the DT cord-027960-qzg2jsz6 171 21 crisis crisis NN cord-027960-qzg2jsz6 171 22 was be VBD cord-027960-qzg2jsz6 171 23 replaced replace VBN cord-027960-qzg2jsz6 171 24 by by IN cord-027960-qzg2jsz6 171 25 frenetic frenetic JJ cord-027960-qzg2jsz6 171 26 activism activism NN cord-027960-qzg2jsz6 171 27 . . . cord-027960-qzg2jsz6 172 1 The the DT cord-027960-qzg2jsz6 172 2 Zapatero Zapatero NNP cord-027960-qzg2jsz6 172 3 government government NN cord-027960-qzg2jsz6 172 4 introduced introduce VBD cord-027960-qzg2jsz6 172 5 a a DT cord-027960-qzg2jsz6 172 6 succession succession NN cord-027960-qzg2jsz6 172 7 of of IN cord-027960-qzg2jsz6 172 8 plans plan NNS cord-027960-qzg2jsz6 172 9 and and CC cord-027960-qzg2jsz6 172 10 measures measure NNS cord-027960-qzg2jsz6 172 11 to to TO cord-027960-qzg2jsz6 172 12 try try VB cord-027960-qzg2jsz6 172 13 to to TO cord-027960-qzg2jsz6 172 14 confront confront VB cord-027960-qzg2jsz6 172 15 the the DT cord-027960-qzg2jsz6 172 16 economic economic JJ cord-027960-qzg2jsz6 172 17 crisis crisis NN cord-027960-qzg2jsz6 172 18 , , , cord-027960-qzg2jsz6 172 19 and and CC cord-027960-qzg2jsz6 172 20 specifically specifically RB cord-027960-qzg2jsz6 172 21 to to TO cord-027960-qzg2jsz6 172 22 address address VB cord-027960-qzg2jsz6 172 23 the the DT cord-027960-qzg2jsz6 172 24 surge surge NN cord-027960-qzg2jsz6 172 25 of of IN cord-027960-qzg2jsz6 172 26 unemployment unemployment NN cord-027960-qzg2jsz6 172 27 ( ( -LRB- cord-027960-qzg2jsz6 172 28 Royo Royo NNP cord-027960-qzg2jsz6 172 29 2013 2013 CD cord-027960-qzg2jsz6 172 30 ) ) -RRB- cord-027960-qzg2jsz6 172 31 ( ( -LRB- cord-027960-qzg2jsz6 172 32 see see VB cord-027960-qzg2jsz6 172 33 Fig Fig NNP cord-027960-qzg2jsz6 172 34 . . . cord-027960-qzg2jsz6 172 35 4.1 4.1 CD cord-027960-qzg2jsz6 172 36 ) ) -RRB- cord-027960-qzg2jsz6 172 37 . . . cord-027960-qzg2jsz6 173 1 The the DT cord-027960-qzg2jsz6 173 2 sharp sharp JJ cord-027960-qzg2jsz6 173 3 deterioration deterioration NN cord-027960-qzg2jsz6 173 4 of of IN cord-027960-qzg2jsz6 173 5 the the DT cord-027960-qzg2jsz6 173 6 labor labor NN cord-027960-qzg2jsz6 173 7 market market NN cord-027960-qzg2jsz6 173 8 was be VBD cord-027960-qzg2jsz6 173 9 caused cause VBN cord-027960-qzg2jsz6 173 10 by by IN cord-027960-qzg2jsz6 173 11 the the DT cord-027960-qzg2jsz6 173 12 economic economic JJ cord-027960-qzg2jsz6 173 13 crisis crisis NN cord-027960-qzg2jsz6 173 14 and and CC cord-027960-qzg2jsz6 173 15 the the DT cord-027960-qzg2jsz6 173 16 collapse collapse NN cord-027960-qzg2jsz6 173 17 of of IN cord-027960-qzg2jsz6 173 18 the the DT cord-027960-qzg2jsz6 173 19 real real JJ cord-027960-qzg2jsz6 173 20 estate estate NN cord-027960-qzg2jsz6 173 21 sector sector NN cord-027960-qzg2jsz6 173 22 , , , cord-027960-qzg2jsz6 173 23 and and CC cord-027960-qzg2jsz6 173 24 it -PRON- PRP cord-027960-qzg2jsz6 173 25 was be VBD cord-027960-qzg2jsz6 173 26 aggravated aggravate VBN cord-027960-qzg2jsz6 173 27 by by IN cord-027960-qzg2jsz6 173 28 a a DT cord-027960-qzg2jsz6 173 29 demographic demographic JJ cord-027960-qzg2jsz6 173 30 growth growth NN cord-027960-qzg2jsz6 173 31 pattern pattern NN cord-027960-qzg2jsz6 173 32 based base VBN cord-027960-qzg2jsz6 173 33 on on IN cord-027960-qzg2jsz6 173 34 migratory migratory JJ cord-027960-qzg2jsz6 173 35 inflows inflow NNS cord-027960-qzg2jsz6 173 36 of of IN cord-027960-qzg2jsz6 173 37 labor labor NN cord-027960-qzg2jsz6 173 38 : : : cord-027960-qzg2jsz6 173 39 In in IN cord-027960-qzg2jsz6 173 40 2007 2007 CD cord-027960-qzg2jsz6 173 41 , , , cord-027960-qzg2jsz6 173 42 there there EX cord-027960-qzg2jsz6 173 43 were be VBD cord-027960-qzg2jsz6 173 44 3.1 3.1 CD cord-027960-qzg2jsz6 173 45 million million CD cord-027960-qzg2jsz6 173 46 immigrants immigrant NNS cord-027960-qzg2jsz6 173 47 in in IN cord-027960-qzg2jsz6 173 48 the the DT cord-027960-qzg2jsz6 173 49 country country NN cord-027960-qzg2jsz6 173 50 , , , cord-027960-qzg2jsz6 173 51 of of IN cord-027960-qzg2jsz6 173 52 which which WDT cord-027960-qzg2jsz6 173 53 2.7 2.7 CD cord-027960-qzg2jsz6 173 54 million million CD cord-027960-qzg2jsz6 173 55 were be VBD cord-027960-qzg2jsz6 173 56 employed employ VBN cord-027960-qzg2jsz6 173 57 and and CC cord-027960-qzg2jsz6 173 58 374,000 374,000 CD cord-027960-qzg2jsz6 173 59 unemployed unemployed JJ cord-027960-qzg2jsz6 173 60 . . . cord-027960-qzg2jsz6 174 1 In in IN cord-027960-qzg2jsz6 174 2 2008 2008 CD cord-027960-qzg2jsz6 174 3 , , , cord-027960-qzg2jsz6 174 4 the the DT cord-027960-qzg2jsz6 174 5 number number NN cord-027960-qzg2jsz6 174 6 of of IN cord-027960-qzg2jsz6 174 7 immigrants immigrant NNS cord-027960-qzg2jsz6 174 8 increased increase VBN cord-027960-qzg2jsz6 174 9 by by IN cord-027960-qzg2jsz6 174 10 almost almost RB cord-027960-qzg2jsz6 174 11 400,000 400,000 CD cord-027960-qzg2jsz6 174 12 - - SYM cord-027960-qzg2jsz6 174 13 3.5 3.5 CD cord-027960-qzg2jsz6 174 14 million million CD cord-027960-qzg2jsz6 174 15 ( ( -LRB- cord-027960-qzg2jsz6 174 16 representing represent VBG cord-027960-qzg2jsz6 174 17 55 55 CD cord-027960-qzg2jsz6 174 18 % % NN cord-027960-qzg2jsz6 174 19 of of IN cord-027960-qzg2jsz6 174 20 the the DT cord-027960-qzg2jsz6 174 21 growth growth NN cord-027960-qzg2jsz6 174 22 in in IN cord-027960-qzg2jsz6 174 23 the the DT cord-027960-qzg2jsz6 174 24 active active JJ cord-027960-qzg2jsz6 174 25 population population NN cord-027960-qzg2jsz6 174 26 ) ) -RRB- cord-027960-qzg2jsz6 174 27 , , , cord-027960-qzg2jsz6 174 28 but but CC cord-027960-qzg2jsz6 174 29 580,000 580,000 CD cord-027960-qzg2jsz6 174 30 of of IN cord-027960-qzg2jsz6 174 31 them -PRON- PRP cord-027960-qzg2jsz6 174 32 were be VBD cord-027960-qzg2jsz6 174 33 unemployed unemployed JJ cord-027960-qzg2jsz6 174 34 ( ( -LRB- cord-027960-qzg2jsz6 174 35 and and CC cord-027960-qzg2jsz6 174 36 2.9 2.9 CD cord-027960-qzg2jsz6 174 37 million million CD cord-027960-qzg2jsz6 174 38 employed employ VBN cord-027960-qzg2jsz6 174 39 ) ) -RRB- cord-027960-qzg2jsz6 174 40 , , , cord-027960-qzg2jsz6 174 41 an an DT cord-027960-qzg2jsz6 174 42 increase increase NN cord-027960-qzg2jsz6 174 43 of of IN cord-027960-qzg2jsz6 174 44 200,000 200,000 CD cord-027960-qzg2jsz6 174 45 . . . cord-027960-qzg2jsz6 175 1 In in IN cord-027960-qzg2jsz6 175 2 the the DT cord-027960-qzg2jsz6 175 3 construction construction NN cord-027960-qzg2jsz6 175 4 sector sector NN cord-027960-qzg2jsz6 175 5 alone alone RB cord-027960-qzg2jsz6 175 6 , , , cord-027960-qzg2jsz6 175 7 unemployment unemployment NN cord-027960-qzg2jsz6 175 8 increased increase VBD cord-027960-qzg2jsz6 175 9 170 170 CD cord-027960-qzg2jsz6 175 10 % % NN cord-027960-qzg2jsz6 175 11 between between IN cord-027960-qzg2jsz6 175 12 the the DT cord-027960-qzg2jsz6 175 13 summer summer NN cord-027960-qzg2jsz6 175 14 of of IN cord-027960-qzg2jsz6 175 15 2007 2007 CD cord-027960-qzg2jsz6 175 16 and and CC cord-027960-qzg2jsz6 175 17 2008 2008 CD cord-027960-qzg2jsz6 175 18 . . . cord-027960-qzg2jsz6 176 1 Meanwhile meanwhile RB cord-027960-qzg2jsz6 176 2 , , , cord-027960-qzg2jsz6 176 3 the the DT cord-027960-qzg2jsz6 176 4 manufacturing manufacturing NN cord-027960-qzg2jsz6 176 5 and and CC cord-027960-qzg2jsz6 176 6 service service NN cord-027960-qzg2jsz6 176 7 sectors sector NNS cord-027960-qzg2jsz6 176 8 ( ( -LRB- cord-027960-qzg2jsz6 176 9 also also RB cord-027960-qzg2jsz6 176 10 battered batter VBN cord-027960-qzg2jsz6 176 11 by by IN cord-027960-qzg2jsz6 176 12 the the DT cord-027960-qzg2jsz6 176 13 global global JJ cord-027960-qzg2jsz6 176 14 crisis crisis NN cord-027960-qzg2jsz6 176 15 , , , cord-027960-qzg2jsz6 176 16 lower low JJR cord-027960-qzg2jsz6 176 17 consumption consumption NN cord-027960-qzg2jsz6 176 18 , , , cord-027960-qzg2jsz6 176 19 and and CC cord-027960-qzg2jsz6 176 20 lack lack NN cord-027960-qzg2jsz6 176 21 of of IN cord-027960-qzg2jsz6 176 22 international international JJ cord-027960-qzg2jsz6 176 23 competitiveness competitiveness NN cord-027960-qzg2jsz6 176 24 ) ) -RRB- cord-027960-qzg2jsz6 176 25 proved prove VBD cord-027960-qzg2jsz6 176 26 unable unable JJ cord-027960-qzg2jsz6 176 27 to to TO cord-027960-qzg2jsz6 176 28 incorporate incorporate VB cord-027960-qzg2jsz6 176 29 these these DT cord-027960-qzg2jsz6 176 30 workers worker NNS cord-027960-qzg2jsz6 176 31 . . . cord-027960-qzg2jsz6 177 1 The the DT cord-027960-qzg2jsz6 177 2 pace pace NN cord-027960-qzg2jsz6 177 3 of of IN cord-027960-qzg2jsz6 177 4 deterioration deterioration NN cord-027960-qzg2jsz6 177 5 caught catch VBN cord-027960-qzg2jsz6 177 6 policy policy NN cord-027960-qzg2jsz6 177 7 - - HYPH cord-027960-qzg2jsz6 177 8 makers maker NNS cord-027960-qzg2jsz6 177 9 by by IN cord-027960-qzg2jsz6 177 10 surprise surprise NN cord-027960-qzg2jsz6 177 11 . . . cord-027960-qzg2jsz6 178 1 The the DT cord-027960-qzg2jsz6 178 2 Zapatero Zapatero NNP cord-027960-qzg2jsz6 178 3 government government NN cord-027960-qzg2jsz6 178 4 prepared prepare VBD cord-027960-qzg2jsz6 178 5 budgets budget NNS cord-027960-qzg2jsz6 178 6 for for IN cord-027960-qzg2jsz6 178 7 2008 2008 CD cord-027960-qzg2jsz6 178 8 and and CC cord-027960-qzg2jsz6 178 9 2009 2009 CD cord-027960-qzg2jsz6 178 10 that that WDT cord-027960-qzg2jsz6 178 11 were be VBD cord-027960-qzg2jsz6 178 12 utterly utterly RB cord-027960-qzg2jsz6 178 13 unrealistic unrealistic JJ cord-027960-qzg2jsz6 178 14 in in IN cord-027960-qzg2jsz6 178 15 the the DT cord-027960-qzg2jsz6 178 16 face face NN cord-027960-qzg2jsz6 178 17 of of IN cord-027960-qzg2jsz6 178 18 rapidly rapidly RB cord-027960-qzg2jsz6 178 19 changing change VBG cord-027960-qzg2jsz6 178 20 economic economic JJ cord-027960-qzg2jsz6 178 21 circumstances circumstance NNS cord-027960-qzg2jsz6 178 22 ( ( -LRB- cord-027960-qzg2jsz6 178 23 as as IN cord-027960-qzg2jsz6 178 24 did do VBD cord-027960-qzg2jsz6 178 25 all all DT cord-027960-qzg2jsz6 178 26 other other JJ cord-027960-qzg2jsz6 178 27 advanced advanced JJ cord-027960-qzg2jsz6 178 28 countries country NNS cord-027960-qzg2jsz6 178 29 , , , cord-027960-qzg2jsz6 178 30 the the DT cord-027960-qzg2jsz6 178 31 G-20 G-20 NNP cord-027960-qzg2jsz6 178 32 agreed agree VBD cord-027960-qzg2jsz6 178 33 on on IN cord-027960-qzg2jsz6 178 34 a a DT cord-027960-qzg2jsz6 178 35 plan plan NN cord-027960-qzg2jsz6 178 36 for for IN cord-027960-qzg2jsz6 178 37 fiscal fiscal JJ cord-027960-qzg2jsz6 178 38 stimulus stimulus NN cord-027960-qzg2jsz6 178 39 that that WDT cord-027960-qzg2jsz6 178 40 would would MD cord-027960-qzg2jsz6 178 41 later later RB cord-027960-qzg2jsz6 178 42 prove prove VB cord-027960-qzg2jsz6 178 43 relatively relatively RB cord-027960-qzg2jsz6 178 44 ineffective ineffective JJ cord-027960-qzg2jsz6 178 45 and and CC cord-027960-qzg2jsz6 178 46 dangerous dangerous JJ cord-027960-qzg2jsz6 178 47 for for IN cord-027960-qzg2jsz6 178 48 Spain Spain NNP cord-027960-qzg2jsz6 178 49 as as IN cord-027960-qzg2jsz6 178 50 it -PRON- PRP cord-027960-qzg2jsz6 178 51 increased increase VBD cord-027960-qzg2jsz6 178 52 the the DT cord-027960-qzg2jsz6 178 53 country country NN cord-027960-qzg2jsz6 178 54 's 's POS cord-027960-qzg2jsz6 178 55 debt debt NN cord-027960-qzg2jsz6 178 56 ) ) -RRB- cord-027960-qzg2jsz6 178 57 . . . cord-027960-qzg2jsz6 179 1 As as IN cord-027960-qzg2jsz6 179 2 a a DT cord-027960-qzg2jsz6 179 3 result result NN cord-027960-qzg2jsz6 179 4 , , , cord-027960-qzg2jsz6 179 5 things thing NNS cord-027960-qzg2jsz6 179 6 continued continue VBD cord-027960-qzg2jsz6 179 7 to to TO cord-027960-qzg2jsz6 179 8 worsen worsen VB cord-027960-qzg2jsz6 179 9 over over IN cord-027960-qzg2jsz6 179 10 the the DT cord-027960-qzg2jsz6 179 11 new new JJ cord-027960-qzg2jsz6 179 12 four four CD cord-027960-qzg2jsz6 179 13 years year NNS cord-027960-qzg2jsz6 179 14 . . . cord-027960-qzg2jsz6 180 1 The the DT cord-027960-qzg2jsz6 180 2 most most RBS cord-027960-qzg2jsz6 180 3 significant significant JJ cord-027960-qzg2jsz6 180 4 decline decline NN cord-027960-qzg2jsz6 180 5 was be VBD cord-027960-qzg2jsz6 180 6 in in IN cord-027960-qzg2jsz6 180 7 consumer consumer NN cord-027960-qzg2jsz6 180 8 confidence confidence NN cord-027960-qzg2jsz6 180 9 , , , cord-027960-qzg2jsz6 180 10 which which WDT cord-027960-qzg2jsz6 180 11 was be VBD cord-027960-qzg2jsz6 180 12 hammered hammer VBN cord-027960-qzg2jsz6 180 13 by by IN cord-027960-qzg2jsz6 180 14 the the DT cord-027960-qzg2jsz6 180 15 financial financial JJ cord-027960-qzg2jsz6 180 16 convulsions convulsion NNS cord-027960-qzg2jsz6 180 17 , , , cord-027960-qzg2jsz6 180 18 the the DT cord-027960-qzg2jsz6 180 19 dramatic dramatic JJ cord-027960-qzg2jsz6 180 20 increase increase NN cord-027960-qzg2jsz6 180 21 in in IN cord-027960-qzg2jsz6 180 22 unemployment unemployment NN cord-027960-qzg2jsz6 180 23 , , , cord-027960-qzg2jsz6 180 24 and and CC cord-027960-qzg2jsz6 180 25 the the DT cord-027960-qzg2jsz6 180 26 scarcity scarcity NN cord-027960-qzg2jsz6 180 27 of of IN cord-027960-qzg2jsz6 180 28 credit credit NN cord-027960-qzg2jsz6 180 29 . . . cord-027960-qzg2jsz6 181 1 As as IN cord-027960-qzg2jsz6 181 2 a a DT cord-027960-qzg2jsz6 181 3 result result NN cord-027960-qzg2jsz6 181 4 , , , cord-027960-qzg2jsz6 181 5 household household NN cord-027960-qzg2jsz6 181 6 consumption consumption NN cord-027960-qzg2jsz6 181 7 , , , cord-027960-qzg2jsz6 181 8 which which WDT cord-027960-qzg2jsz6 181 9 represented represent VBD cord-027960-qzg2jsz6 181 10 56 56 CD cord-027960-qzg2jsz6 181 11 % % NN cord-027960-qzg2jsz6 181 12 of of IN cord-027960-qzg2jsz6 181 13 GDP GDP NNP cord-027960-qzg2jsz6 181 14 , , , cord-027960-qzg2jsz6 181 15 fell fall VBD cord-027960-qzg2jsz6 181 16 1 1 CD cord-027960-qzg2jsz6 181 17 % % NN cord-027960-qzg2jsz6 181 18 in in IN cord-027960-qzg2jsz6 181 19 the the DT cord-027960-qzg2jsz6 181 20 last last JJ cord-027960-qzg2jsz6 181 21 quarter quarter NN cord-027960-qzg2jsz6 181 22 of of IN cord-027960-qzg2jsz6 181 23 2009 2009 CD cord-027960-qzg2jsz6 181 24 for for IN cord-027960-qzg2jsz6 181 25 the the DT cord-027960-qzg2jsz6 181 26 first first JJ cord-027960-qzg2jsz6 181 27 time time NN cord-027960-qzg2jsz6 181 28 in in IN cord-027960-qzg2jsz6 181 29 the the DT cord-027960-qzg2jsz6 181 30 last last JJ cord-027960-qzg2jsz6 181 31 15 15 CD cord-027960-qzg2jsz6 181 32 years year NNS cord-027960-qzg2jsz6 181 33 . . . cord-027960-qzg2jsz6 182 1 According accord VBG cord-027960-qzg2jsz6 182 2 to to IN cord-027960-qzg2jsz6 182 3 the the DT cord-027960-qzg2jsz6 182 4 Bank Bank NNP cord-027960-qzg2jsz6 182 5 of of IN cord-027960-qzg2jsz6 182 6 Spain Spain NNP cord-027960-qzg2jsz6 182 7 , , , cord-027960-qzg2jsz6 182 8 this this DT cord-027960-qzg2jsz6 182 9 decline decline NN cord-027960-qzg2jsz6 182 10 in in IN cord-027960-qzg2jsz6 182 11 household household NN cord-027960-qzg2jsz6 182 12 consumption consumption NN cord-027960-qzg2jsz6 182 13 was be VBD cord-027960-qzg2jsz6 182 14 even even RB cord-027960-qzg2jsz6 182 15 more more RBR cord-027960-qzg2jsz6 182 16 important important JJ cord-027960-qzg2jsz6 182 17 in in IN cord-027960-qzg2jsz6 182 18 contributing contribute VBG cord-027960-qzg2jsz6 182 19 to to IN cord-027960-qzg2jsz6 182 20 the the DT cord-027960-qzg2jsz6 182 21 recession recession NN cord-027960-qzg2jsz6 182 22 than than IN cord-027960-qzg2jsz6 182 23 the the DT cord-027960-qzg2jsz6 182 24 deceleration deceleration NN cord-027960-qzg2jsz6 182 25 of of IN cord-027960-qzg2jsz6 182 26 residential residential JJ cord-027960-qzg2jsz6 182 27 investment investment NN cord-027960-qzg2jsz6 182 28 , , , cord-027960-qzg2jsz6 182 29 which which WDT cord-027960-qzg2jsz6 182 30 had have VBD cord-027960-qzg2jsz6 182 31 fallen fall VBN cord-027960-qzg2jsz6 182 32 20 20 CD cord-027960-qzg2jsz6 182 33 % % NN cord-027960-qzg2jsz6 182 34 , , , cord-027960-qzg2jsz6 182 35 driven drive VBN cord-027960-qzg2jsz6 182 36 down down RP cord-027960-qzg2jsz6 182 37 by by IN cord-027960-qzg2jsz6 182 38 worsening worsen VBG cord-027960-qzg2jsz6 182 39 financial financial JJ cord-027960-qzg2jsz6 182 40 conditions condition NNS cord-027960-qzg2jsz6 182 41 , , , cord-027960-qzg2jsz6 182 42 uncertainties uncertainty NNS cord-027960-qzg2jsz6 182 43 , , , cord-027960-qzg2jsz6 182 44 and and CC cord-027960-qzg2jsz6 182 45 the the DT cord-027960-qzg2jsz6 182 46 drop drop NN cord-027960-qzg2jsz6 182 47 in in IN cord-027960-qzg2jsz6 182 48 residential residential JJ cord-027960-qzg2jsz6 182 49 prices price NNS cord-027960-qzg2jsz6 182 50 . . . cord-027960-qzg2jsz6 183 1 The the DT cord-027960-qzg2jsz6 183 2 government government NN cord-027960-qzg2jsz6 183 3 actions action NNS cord-027960-qzg2jsz6 183 4 had have VBD cord-027960-qzg2jsz6 183 5 limited limit VBN cord-027960-qzg2jsz6 183 6 effect effect NN cord-027960-qzg2jsz6 183 7 stemming stem VBG cord-027960-qzg2jsz6 183 8 this this DT cord-027960-qzg2jsz6 183 9 hemorrhage hemorrhage NN cord-027960-qzg2jsz6 183 10 , , , cord-027960-qzg2jsz6 183 11 and and CC cord-027960-qzg2jsz6 183 12 their -PRON- PRP$ cord-027960-qzg2jsz6 183 13 efficacy efficacy NN cord-027960-qzg2jsz6 183 14 was be VBD cord-027960-qzg2jsz6 183 15 inadequate inadequate JJ cord-027960-qzg2jsz6 183 16 . . . cord-027960-qzg2jsz6 184 1 Finally finally RB cord-027960-qzg2jsz6 184 2 , , , cord-027960-qzg2jsz6 184 3 the the DT cord-027960-qzg2jsz6 184 4 impact impact NN cord-027960-qzg2jsz6 184 5 of of IN cord-027960-qzg2jsz6 184 6 the the DT cord-027960-qzg2jsz6 184 7 global global JJ cord-027960-qzg2jsz6 184 8 economic economic JJ cord-027960-qzg2jsz6 184 9 crisis crisis NN cord-027960-qzg2jsz6 184 10 was be VBD cord-027960-qzg2jsz6 184 11 felt feel VBN cord-027960-qzg2jsz6 184 12 well well RB cord-027960-qzg2jsz6 184 13 beyond beyond IN cord-027960-qzg2jsz6 184 14 the the DT cord-027960-qzg2jsz6 184 15 economic economic JJ cord-027960-qzg2jsz6 184 16 and and CC cord-027960-qzg2jsz6 184 17 financial financial JJ cord-027960-qzg2jsz6 184 18 realms realm NNS cord-027960-qzg2jsz6 184 19 . . . cord-027960-qzg2jsz6 185 1 The the DT cord-027960-qzg2jsz6 185 2 crisis crisis NN cord-027960-qzg2jsz6 185 3 also also RB cord-027960-qzg2jsz6 185 4 had have VBD cord-027960-qzg2jsz6 185 5 severe severe JJ cord-027960-qzg2jsz6 185 6 political political JJ cord-027960-qzg2jsz6 185 7 consequences consequence NNS cord-027960-qzg2jsz6 185 8 . . . cord-027960-qzg2jsz6 186 1 Spain Spain NNP cord-027960-qzg2jsz6 186 2 followed follow VBD cord-027960-qzg2jsz6 186 3 in in IN cord-027960-qzg2jsz6 186 4 the the DT cord-027960-qzg2jsz6 186 5 path path NN cord-027960-qzg2jsz6 186 6 of of IN cord-027960-qzg2jsz6 186 7 many many JJ cord-027960-qzg2jsz6 186 8 other other JJ cord-027960-qzg2jsz6 186 9 European european JJ cord-027960-qzg2jsz6 186 10 countries country NNS cord-027960-qzg2jsz6 186 11 ( ( -LRB- cord-027960-qzg2jsz6 186 12 including include VBG cord-027960-qzg2jsz6 186 13 Ireland Ireland NNP cord-027960-qzg2jsz6 186 14 , , , cord-027960-qzg2jsz6 186 15 Portugal Portugal NNP cord-027960-qzg2jsz6 186 16 , , , cord-027960-qzg2jsz6 186 17 Greece Greece NNP cord-027960-qzg2jsz6 186 18 , , , cord-027960-qzg2jsz6 186 19 and and CC cord-027960-qzg2jsz6 186 20 France France NNP cord-027960-qzg2jsz6 186 21 ) ) -RRB- cord-027960-qzg2jsz6 186 22 that that WDT cord-027960-qzg2jsz6 186 23 saw see VBD cord-027960-qzg2jsz6 186 24 their -PRON- PRP$ cord-027960-qzg2jsz6 186 25 governments government NNS cord-027960-qzg2jsz6 186 26 suffer suffer VB cord-027960-qzg2jsz6 186 27 the the DT cord-027960-qzg2jsz6 186 28 wrath wrath NN cord-027960-qzg2jsz6 186 29 of of IN cord-027960-qzg2jsz6 186 30 their -PRON- PRP$ cord-027960-qzg2jsz6 186 31 voters voter NNS cord-027960-qzg2jsz6 186 32 and and CC cord-027960-qzg2jsz6 186 33 have have VBP cord-027960-qzg2jsz6 186 34 been be VBN cord-027960-qzg2jsz6 186 35 voted vote VBN cord-027960-qzg2jsz6 186 36 out out IN cord-027960-qzg2jsz6 186 37 of of IN cord-027960-qzg2jsz6 186 38 office office NN cord-027960-qzg2jsz6 186 39 . . . cord-027960-qzg2jsz6 187 1 The the DT cord-027960-qzg2jsz6 187 2 Socialist Socialist NNP cord-027960-qzg2jsz6 187 3 Party Party NNP cord-027960-qzg2jsz6 187 4 ( ( -LRB- cord-027960-qzg2jsz6 187 5 PSOE PSOE NNP cord-027960-qzg2jsz6 187 6 ) ) -RRB- cord-027960-qzg2jsz6 187 7 was be VBD cord-027960-qzg2jsz6 187 8 re re VBN cord-027960-qzg2jsz6 187 9 - - VBN cord-027960-qzg2jsz6 187 10 elected elect VBN cord-027960-qzg2jsz6 187 11 in in IN cord-027960-qzg2jsz6 187 12 a a DT cord-027960-qzg2jsz6 187 13 general general JJ cord-027960-qzg2jsz6 187 14 election election NN cord-027960-qzg2jsz6 187 15 on on IN cord-027960-qzg2jsz6 187 16 March March NNP cord-027960-qzg2jsz6 187 17 9 9 CD cord-027960-qzg2jsz6 187 18 , , , cord-027960-qzg2jsz6 187 19 2008 2008 CD cord-027960-qzg2jsz6 187 20 . . . cord-027960-qzg2jsz6 188 1 Soon soon RB cord-027960-qzg2jsz6 188 2 thereafter thereafter RB cord-027960-qzg2jsz6 188 3 , , , cord-027960-qzg2jsz6 188 4 economic economic JJ cord-027960-qzg2jsz6 188 5 conditions condition NNS cord-027960-qzg2jsz6 188 6 deteriorated deteriorate VBD cord-027960-qzg2jsz6 188 7 sharply sharply RB cord-027960-qzg2jsz6 188 8 and and CC cord-027960-qzg2jsz6 188 9 the the DT cord-027960-qzg2jsz6 188 10 government government NN cord-027960-qzg2jsz6 188 11 's 's POS cord-027960-qzg2jsz6 188 12 popularity popularity NN cord-027960-qzg2jsz6 188 13 declined decline VBD cord-027960-qzg2jsz6 188 14 rapidly rapidly RB cord-027960-qzg2jsz6 188 15 . . . cord-027960-qzg2jsz6 189 1 Between between IN cord-027960-qzg2jsz6 189 2 March March NNP cord-027960-qzg2jsz6 189 3 2008 2008 CD cord-027960-qzg2jsz6 189 4 and and CC cord-027960-qzg2jsz6 189 5 March March NNP cord-027960-qzg2jsz6 189 6 2012 2012 CD cord-027960-qzg2jsz6 189 7 , , , cord-027960-qzg2jsz6 189 8 there there EX cord-027960-qzg2jsz6 189 9 were be VBD cord-027960-qzg2jsz6 189 10 a a DT cord-027960-qzg2jsz6 189 11 number number NN cord-027960-qzg2jsz6 189 12 of of IN cord-027960-qzg2jsz6 189 13 electoral electoral JJ cord-027960-qzg2jsz6 189 14 contests contest NNS cord-027960-qzg2jsz6 189 15 in in IN cord-027960-qzg2jsz6 189 16 Spain Spain NNP cord-027960-qzg2jsz6 189 17 at at IN cord-027960-qzg2jsz6 189 18 the the DT cord-027960-qzg2jsz6 189 19 local local JJ cord-027960-qzg2jsz6 189 20 , , , cord-027960-qzg2jsz6 189 21 regional regional JJ cord-027960-qzg2jsz6 189 22 , , , cord-027960-qzg2jsz6 189 23 national national JJ cord-027960-qzg2jsz6 189 24 , , , cord-027960-qzg2jsz6 189 25 and and CC cord-027960-qzg2jsz6 189 26 European european JJ cord-027960-qzg2jsz6 189 27 levels level NNS cord-027960-qzg2jsz6 189 28 . . . cord-027960-qzg2jsz6 190 1 At at IN cord-027960-qzg2jsz6 190 2 the the DT cord-027960-qzg2jsz6 190 3 national national JJ cord-027960-qzg2jsz6 190 4 and and CC cord-027960-qzg2jsz6 190 5 European european JJ cord-027960-qzg2jsz6 190 6 levels level NNS cord-027960-qzg2jsz6 190 7 , , , cord-027960-qzg2jsz6 190 8 the the DT cord-027960-qzg2jsz6 190 9 one one CD cord-027960-qzg2jsz6 190 10 common common JJ cord-027960-qzg2jsz6 190 11 pattern pattern NN cord-027960-qzg2jsz6 190 12 was be VBD cord-027960-qzg2jsz6 190 13 the the DT cord-027960-qzg2jsz6 190 14 outcome outcome NN cord-027960-qzg2jsz6 190 15 : : : cord-027960-qzg2jsz6 190 16 the the DT cord-027960-qzg2jsz6 190 17 defeat defeat NN cord-027960-qzg2jsz6 190 18 of of IN cord-027960-qzg2jsz6 190 19 the the DT cord-027960-qzg2jsz6 190 20 Socialist Socialist NNP cord-027960-qzg2jsz6 190 21 Party Party NNP cord-027960-qzg2jsz6 190 22 and and CC cord-027960-qzg2jsz6 190 23 the the DT cord-027960-qzg2jsz6 190 24 victory victory NN cord-027960-qzg2jsz6 190 25 of of IN cord-027960-qzg2jsz6 190 26 the the DT cord-027960-qzg2jsz6 190 27 Popular Popular NNP cord-027960-qzg2jsz6 190 28 Party Party NNP cord-027960-qzg2jsz6 190 29 ( ( -LRB- cord-027960-qzg2jsz6 190 30 PP PP NNP cord-027960-qzg2jsz6 190 31 ) ) -RRB- cord-027960-qzg2jsz6 190 32 . . . cord-027960-qzg2jsz6 191 1 And and CC cord-027960-qzg2jsz6 191 2 at at IN cord-027960-qzg2jsz6 191 3 the the DT cord-027960-qzg2jsz6 191 4 regional regional JJ cord-027960-qzg2jsz6 191 5 and and CC cord-027960-qzg2jsz6 191 6 local local JJ cord-027960-qzg2jsz6 191 7 levels level NNS cord-027960-qzg2jsz6 191 8 the the DT cord-027960-qzg2jsz6 191 9 Socialists Socialists NNPS cord-027960-qzg2jsz6 191 10 suffered suffer VBD cord-027960-qzg2jsz6 191 11 historical historical JJ cord-027960-qzg2jsz6 191 12 losses loss NNS cord-027960-qzg2jsz6 191 13 , , , cord-027960-qzg2jsz6 191 14 losing lose VBG cord-027960-qzg2jsz6 191 15 control control NN cord-027960-qzg2jsz6 191 16 of of IN cord-027960-qzg2jsz6 191 17 regional regional JJ cord-027960-qzg2jsz6 191 18 government government NN cord-027960-qzg2jsz6 191 19 that that IN cord-027960-qzg2jsz6 191 20 they -PRON- PRP cord-027960-qzg2jsz6 191 21 ruled rule VBD cord-027960-qzg2jsz6 191 22 for for IN cord-027960-qzg2jsz6 191 23 decades decade NNS cord-027960-qzg2jsz6 191 24 ( ( -LRB- cord-027960-qzg2jsz6 191 25 notably notably RB cord-027960-qzg2jsz6 191 26 , , , cord-027960-qzg2jsz6 191 27 Castilla Castilla NNP cord-027960-qzg2jsz6 191 28 - - HYPH cord-027960-qzg2jsz6 191 29 La La NNP cord-027960-qzg2jsz6 191 30 Mancha Mancha NNP cord-027960-qzg2jsz6 191 31 and and CC cord-027960-qzg2jsz6 191 32 Extremadura Extremadura NNP cord-027960-qzg2jsz6 191 33 ) ) -RRB- cord-027960-qzg2jsz6 191 34 , , , cord-027960-qzg2jsz6 191 35 and and CC cord-027960-qzg2jsz6 191 36 even even RB cord-027960-qzg2jsz6 191 37 losing lose VBG cord-027960-qzg2jsz6 191 38 the the DT cord-027960-qzg2jsz6 191 39 election election NN cord-027960-qzg2jsz6 191 40 for for IN cord-027960-qzg2jsz6 191 41 the the DT cord-027960-qzg2jsz6 191 42 first first JJ cord-027960-qzg2jsz6 191 43 time time NN cord-027960-qzg2jsz6 191 44 in in IN cord-027960-qzg2jsz6 191 45 one one CD cord-027960-qzg2jsz6 191 46 of of IN cord-027960-qzg2jsz6 191 47 its -PRON- PRP$ cord-027960-qzg2jsz6 191 48 historical historical JJ cord-027960-qzg2jsz6 191 49 strongholds stronghold NNS cord-027960-qzg2jsz6 191 50 , , , cord-027960-qzg2jsz6 191 51 Andalusia Andalusia NNP cord-027960-qzg2jsz6 191 52 ( ( -LRB- cord-027960-qzg2jsz6 191 53 although although IN cord-027960-qzg2jsz6 191 54 they -PRON- PRP cord-027960-qzg2jsz6 191 55 were be VBD cord-027960-qzg2jsz6 191 56 able able JJ cord-027960-qzg2jsz6 191 57 to to TO cord-027960-qzg2jsz6 191 58 reach reach VB cord-027960-qzg2jsz6 191 59 a a DT cord-027960-qzg2jsz6 191 60 coalition coalition NN cord-027960-qzg2jsz6 191 61 with with IN cord-027960-qzg2jsz6 191 62 a a DT cord-027960-qzg2jsz6 191 63 smaller small JJR cord-027960-qzg2jsz6 191 64 leftist leftist JJ cord-027960-qzg2jsz6 191 65 party party NN cord-027960-qzg2jsz6 191 66 to to TO cord-027960-qzg2jsz6 191 67 stay stay VB cord-027960-qzg2jsz6 191 68 in in IN cord-027960-qzg2jsz6 191 69 power power NN cord-027960-qzg2jsz6 191 70 ) ) -RRB- cord-027960-qzg2jsz6 191 71 . . . cord-027960-qzg2jsz6 192 1 In in IN cord-027960-qzg2jsz6 192 2 the the DT cord-027960-qzg2jsz6 192 3 end end NN cord-027960-qzg2jsz6 192 4 , , , cord-027960-qzg2jsz6 192 5 the the DT cord-027960-qzg2jsz6 192 6 economic economic JJ cord-027960-qzg2jsz6 192 7 crisis crisis NN cord-027960-qzg2jsz6 192 8 ignited ignite VBD cord-027960-qzg2jsz6 192 9 a a DT cord-027960-qzg2jsz6 192 10 pattern pattern NN cord-027960-qzg2jsz6 192 11 of of IN cord-027960-qzg2jsz6 192 12 political political JJ cord-027960-qzg2jsz6 192 13 polarization polarization NN cord-027960-qzg2jsz6 192 14 , , , cord-027960-qzg2jsz6 192 15 instability instability NN cord-027960-qzg2jsz6 192 16 , , , cord-027960-qzg2jsz6 192 17 and and CC cord-027960-qzg2jsz6 192 18 fragmentation fragmentation NN cord-027960-qzg2jsz6 192 19 of of IN cord-027960-qzg2jsz6 192 20 the the DT cord-027960-qzg2jsz6 192 21 party party NN cord-027960-qzg2jsz6 192 22 system system NN cord-027960-qzg2jsz6 192 23 that that WDT cord-027960-qzg2jsz6 192 24 crystallized crystallize VBD cord-027960-qzg2jsz6 192 25 in in IN cord-027960-qzg2jsz6 192 26 2015 2015 CD cord-027960-qzg2jsz6 192 27 ( ( -LRB- cord-027960-qzg2jsz6 192 28 following follow VBG cord-027960-qzg2jsz6 192 29 the the DT cord-027960-qzg2jsz6 192 30 PP PP NNP cord-027960-qzg2jsz6 192 31 's 's POS cord-027960-qzg2jsz6 192 32 absolute absolute JJ cord-027960-qzg2jsz6 192 33 majority majority NN cord-027960-qzg2jsz6 192 34 ) ) -RRB- cord-027960-qzg2jsz6 192 35 and and CC cord-027960-qzg2jsz6 192 36 lasts last VBZ cord-027960-qzg2jsz6 192 37 through through IN cord-027960-qzg2jsz6 192 38 today today NN cord-027960-qzg2jsz6 192 39 : : : cord-027960-qzg2jsz6 193 1 As as IN cord-027960-qzg2jsz6 193 2 of of IN cord-027960-qzg2jsz6 193 3 fall fall NN cord-027960-qzg2jsz6 193 4 of of IN cord-027960-qzg2jsz6 193 5 2019 2019 CD cord-027960-qzg2jsz6 193 6 , , , cord-027960-qzg2jsz6 193 7 Spain Spain NNP cord-027960-qzg2jsz6 193 8 has have VBZ cord-027960-qzg2jsz6 193 9 had have VBN cord-027960-qzg2jsz6 193 10 4 4 CD cord-027960-qzg2jsz6 193 11 general general JJ cord-027960-qzg2jsz6 193 12 elections election NNS cord-027960-qzg2jsz6 193 13 in in IN cord-027960-qzg2jsz6 193 14 4 4 CD cord-027960-qzg2jsz6 193 15 years year NNS cord-027960-qzg2jsz6 193 16 . . . cord-027960-qzg2jsz6 194 1 One one CD cord-027960-qzg2jsz6 194 2 of of IN cord-027960-qzg2jsz6 194 3 the the DT cord-027960-qzg2jsz6 194 4 most most RBS cord-027960-qzg2jsz6 194 5 common common JJ cord-027960-qzg2jsz6 194 6 misinterpretations misinterpretation NNS cord-027960-qzg2jsz6 194 7 regarding regard VBG cord-027960-qzg2jsz6 194 8 the the DT cord-027960-qzg2jsz6 194 9 crisis crisis NN cord-027960-qzg2jsz6 194 10 in in IN cord-027960-qzg2jsz6 194 11 Southern Southern NNP cord-027960-qzg2jsz6 194 12 Europe Europe NNP cord-027960-qzg2jsz6 194 13 was be VBD cord-027960-qzg2jsz6 194 14 attributing attribute VBG cord-027960-qzg2jsz6 194 15 it -PRON- PRP cord-027960-qzg2jsz6 194 16 to to IN cord-027960-qzg2jsz6 194 17 mismanaged mismanage VBN cord-027960-qzg2jsz6 194 18 public public JJ cord-027960-qzg2jsz6 194 19 finances finance NNS cord-027960-qzg2jsz6 194 20 . . . cord-027960-qzg2jsz6 195 1 Many many JJ cord-027960-qzg2jsz6 195 2 policy policy NN cord-027960-qzg2jsz6 195 3 - - HYPH cord-027960-qzg2jsz6 195 4 makers maker NNS cord-027960-qzg2jsz6 195 5 across across IN cord-027960-qzg2jsz6 195 6 Europe Europe NNP cord-027960-qzg2jsz6 195 7 , , , cord-027960-qzg2jsz6 195 8 especially especially RB cord-027960-qzg2jsz6 195 9 in in IN cord-027960-qzg2jsz6 195 10 the the DT cord-027960-qzg2jsz6 195 11 creditor creditor NN cord-027960-qzg2jsz6 195 12 countries country NNS cord-027960-qzg2jsz6 195 13 ( ( -LRB- cord-027960-qzg2jsz6 195 14 crucially crucially RB cord-027960-qzg2jsz6 195 15 Germany Germany NNP cord-027960-qzg2jsz6 195 16 ) ) -RRB- cord-027960-qzg2jsz6 195 17 , , , cord-027960-qzg2jsz6 195 18 still still RB cord-027960-qzg2jsz6 195 19 insist insist VB cord-027960-qzg2jsz6 195 20 today today NN cord-027960-qzg2jsz6 195 21 ( ( -LRB- cord-027960-qzg2jsz6 195 22 2019 2019 CD cord-027960-qzg2jsz6 195 23 ) ) -RRB- cord-027960-qzg2jsz6 195 24 that that IN cord-027960-qzg2jsz6 195 25 the the DT cord-027960-qzg2jsz6 195 26 crisis crisis NN cord-027960-qzg2jsz6 195 27 was be VBD cord-027960-qzg2jsz6 195 28 caused cause VBN cord-027960-qzg2jsz6 195 29 by by IN cord-027960-qzg2jsz6 195 30 irresponsible irresponsible JJ cord-027960-qzg2jsz6 195 31 public public JJ cord-027960-qzg2jsz6 195 32 borrowing borrowing NN cord-027960-qzg2jsz6 195 33 , , , cord-027960-qzg2jsz6 195 34 and and CC cord-027960-qzg2jsz6 195 35 this this DT cord-027960-qzg2jsz6 195 36 , , , cord-027960-qzg2jsz6 195 37 in in IN cord-027960-qzg2jsz6 195 38 turn turn NN cord-027960-qzg2jsz6 195 39 , , , cord-027960-qzg2jsz6 195 40 led lead VBD cord-027960-qzg2jsz6 195 41 to to IN cord-027960-qzg2jsz6 195 42 misguided misguided JJ cord-027960-qzg2jsz6 195 43 solutions solution NNS cord-027960-qzg2jsz6 195 44 . . . cord-027960-qzg2jsz6 196 1 In in IN cord-027960-qzg2jsz6 196 2 fact fact NN cord-027960-qzg2jsz6 196 3 , , , cord-027960-qzg2jsz6 196 4 with with IN cord-027960-qzg2jsz6 196 5 very very RB cord-027960-qzg2jsz6 196 6 few few JJ cord-027960-qzg2jsz6 196 7 exceptions exception NNS cord-027960-qzg2jsz6 196 8 , , , cord-027960-qzg2jsz6 196 9 notably notably RB cord-027960-qzg2jsz6 196 10 Greece Greece NNP cord-027960-qzg2jsz6 196 11 , , , cord-027960-qzg2jsz6 196 12 that that DT cord-027960-qzg2jsz6 196 13 interpretation interpretation NN cord-027960-qzg2jsz6 196 14 is be VBZ cord-027960-qzg2jsz6 196 15 incorrect incorrect JJ cord-027960-qzg2jsz6 196 16 . . . cord-027960-qzg2jsz6 197 1 In in IN cord-027960-qzg2jsz6 197 2 Spain Spain NNP cord-027960-qzg2jsz6 197 3 , , , cord-027960-qzg2jsz6 197 4 the the DT cord-027960-qzg2jsz6 197 5 crisis crisis NN cord-027960-qzg2jsz6 197 6 did do VBD cord-027960-qzg2jsz6 197 7 not not RB cord-027960-qzg2jsz6 197 8 originate originate VB cord-027960-qzg2jsz6 197 9 with with IN cord-027960-qzg2jsz6 197 10 mismanaged mismanage VBN cord-027960-qzg2jsz6 197 11 public public JJ cord-027960-qzg2jsz6 197 12 finances finance NNS cord-027960-qzg2jsz6 197 13 . . . cord-027960-qzg2jsz6 198 1 On on IN cord-027960-qzg2jsz6 198 2 the the DT cord-027960-qzg2jsz6 198 3 contrary contrary NN cord-027960-qzg2jsz6 198 4 , , , cord-027960-qzg2jsz6 198 5 as as RB cord-027960-qzg2jsz6 198 6 late late JJ cord-027960-qzg2jsz6 198 7 as as IN cord-027960-qzg2jsz6 198 8 2011 2011 CD cord-027960-qzg2jsz6 198 9 , , , cord-027960-qzg2jsz6 198 10 Spain Spain NNP cord-027960-qzg2jsz6 198 11 's 's POS cord-027960-qzg2jsz6 198 12 debt debt NN cord-027960-qzg2jsz6 198 13 ratio ratio NN cord-027960-qzg2jsz6 198 14 was be VBD cord-027960-qzg2jsz6 198 15 still still RB cord-027960-qzg2jsz6 198 16 well well RB cord-027960-qzg2jsz6 198 17 below below IN cord-027960-qzg2jsz6 198 18 the the DT cord-027960-qzg2jsz6 198 19 average average NN cord-027960-qzg2jsz6 198 20 for for IN cord-027960-qzg2jsz6 198 21 countries country NNS cord-027960-qzg2jsz6 198 22 that that WDT cord-027960-qzg2jsz6 198 23 adopted adopt VBD cord-027960-qzg2jsz6 198 24 the the DT cord-027960-qzg2jsz6 198 25 euro euro NN cord-027960-qzg2jsz6 198 26 as as IN cord-027960-qzg2jsz6 198 27 a a DT cord-027960-qzg2jsz6 198 28 common common JJ cord-027960-qzg2jsz6 198 29 currency currency NN cord-027960-qzg2jsz6 198 30 : : : cord-027960-qzg2jsz6 198 31 While while IN cord-027960-qzg2jsz6 198 32 Spain Spain NNP cord-027960-qzg2jsz6 198 33 stood stand VBD cord-027960-qzg2jsz6 198 34 at at IN cord-027960-qzg2jsz6 198 35 less less JJR cord-027960-qzg2jsz6 198 36 than than IN cord-027960-qzg2jsz6 198 37 60 60 CD cord-027960-qzg2jsz6 198 38 % % NN cord-027960-qzg2jsz6 198 39 of of IN cord-027960-qzg2jsz6 198 40 GDP GDP NNP cord-027960-qzg2jsz6 198 41 , , , cord-027960-qzg2jsz6 198 42 Greece Greece NNP cord-027960-qzg2jsz6 198 43 stood stand VBD cord-027960-qzg2jsz6 198 44 at at IN cord-027960-qzg2jsz6 198 45 160.8 160.8 CD cord-027960-qzg2jsz6 198 46 % % NN cord-027960-qzg2jsz6 198 47 , , , cord-027960-qzg2jsz6 198 48 Italy Italy NNP cord-027960-qzg2jsz6 198 49 at at IN cord-027960-qzg2jsz6 198 50 120 120 CD cord-027960-qzg2jsz6 198 51 % % NN cord-027960-qzg2jsz6 198 52 , , , cord-027960-qzg2jsz6 198 53 Portugal Portugal NNP cord-027960-qzg2jsz6 198 54 at at IN cord-027960-qzg2jsz6 198 55 106.8 106.8 CD cord-027960-qzg2jsz6 198 56 % % NN cord-027960-qzg2jsz6 198 57 , , , cord-027960-qzg2jsz6 198 58 Ireland Ireland NNP cord-027960-qzg2jsz6 198 59 at at IN cord-027960-qzg2jsz6 198 60 105 105 CD cord-027960-qzg2jsz6 198 61 % % NN cord-027960-qzg2jsz6 198 62 , , , cord-027960-qzg2jsz6 198 63 Belgium Belgium NNP cord-027960-qzg2jsz6 198 64 at at IN cord-027960-qzg2jsz6 198 65 98.5 98.5 CD cord-027960-qzg2jsz6 198 66 % % NN cord-027960-qzg2jsz6 198 67 , , , cord-027960-qzg2jsz6 198 68 and and CC cord-027960-qzg2jsz6 198 69 France France NNP cord-027960-qzg2jsz6 198 70 at at IN cord-027960-qzg2jsz6 198 71 86 86 CD cord-027960-qzg2jsz6 198 72 % % NN cord-027960-qzg2jsz6 198 73 . . . cord-027960-qzg2jsz6 199 1 On on IN cord-027960-qzg2jsz6 199 2 the the DT cord-027960-qzg2jsz6 199 3 contrary contrary NN cord-027960-qzg2jsz6 199 4 , , , cord-027960-qzg2jsz6 199 5 prior prior RB cord-027960-qzg2jsz6 199 6 to to IN cord-027960-qzg2jsz6 199 7 2007 2007 CD cord-027960-qzg2jsz6 199 8 , , , cord-027960-qzg2jsz6 199 9 Spain Spain NNP cord-027960-qzg2jsz6 199 10 seemed seem VBD cord-027960-qzg2jsz6 199 11 to to TO cord-027960-qzg2jsz6 199 12 be be VB cord-027960-qzg2jsz6 199 13 in in IN cord-027960-qzg2jsz6 199 14 an an DT cord-027960-qzg2jsz6 199 15 enviable enviable JJ cord-027960-qzg2jsz6 199 16 fiscal fiscal JJ cord-027960-qzg2jsz6 199 17 position position NN cord-027960-qzg2jsz6 199 18 , , , cord-027960-qzg2jsz6 199 19 even even RB cord-027960-qzg2jsz6 199 20 when when WRB cord-027960-qzg2jsz6 199 21 compared compare VBN cord-027960-qzg2jsz6 199 22 with with IN cord-027960-qzg2jsz6 199 23 Germany Germany NNP cord-027960-qzg2jsz6 199 24 . . . cord-027960-qzg2jsz6 200 1 21 21 CD cord-027960-qzg2jsz6 201 1 Spain Spain NNP cord-027960-qzg2jsz6 201 2 ran run VBD cord-027960-qzg2jsz6 201 3 a a DT cord-027960-qzg2jsz6 201 4 budget budget NN cord-027960-qzg2jsz6 201 5 surplus surplus NN cord-027960-qzg2jsz6 201 6 in in IN cord-027960-qzg2jsz6 201 7 2005 2005 CD cord-027960-qzg2jsz6 201 8 , , , cord-027960-qzg2jsz6 201 9 2006 2006 CD cord-027960-qzg2jsz6 201 10 , , , cord-027960-qzg2jsz6 201 11 and and CC cord-027960-qzg2jsz6 201 12 2007 2007 CD cord-027960-qzg2jsz6 201 13 . . . cord-027960-qzg2jsz6 202 1 It -PRON- PRP cord-027960-qzg2jsz6 202 2 was be VBD cord-027960-qzg2jsz6 202 3 only only RB cord-027960-qzg2jsz6 202 4 when when WRB cord-027960-qzg2jsz6 202 5 the the DT cord-027960-qzg2jsz6 202 6 crisis crisis NN cord-027960-qzg2jsz6 202 7 hit hit VBD cord-027960-qzg2jsz6 202 8 the the DT cord-027960-qzg2jsz6 202 9 country country NN cord-027960-qzg2jsz6 202 10 and and CC cord-027960-qzg2jsz6 202 11 the the DT cord-027960-qzg2jsz6 202 12 real real JJ cord-027960-qzg2jsz6 202 13 estate estate NN cord-027960-qzg2jsz6 202 14 market market NN cord-027960-qzg2jsz6 202 15 collapsed collapse VBD cord-027960-qzg2jsz6 202 16 that that IN cord-027960-qzg2jsz6 202 17 the the DT cord-027960-qzg2jsz6 202 18 fiscal fiscal JJ cord-027960-qzg2jsz6 202 19 position position NN cord-027960-qzg2jsz6 202 20 deteriorated deteriorate VBD cord-027960-qzg2jsz6 202 21 markedly markedly RB cord-027960-qzg2jsz6 202 22 and and CC cord-027960-qzg2jsz6 202 23 the the DT cord-027960-qzg2jsz6 202 24 country country NN cord-027960-qzg2jsz6 202 25 experienced experience VBD cord-027960-qzg2jsz6 202 26 huge huge JJ cord-027960-qzg2jsz6 202 27 deficits deficit NNS cord-027960-qzg2jsz6 202 28 . . . cord-027960-qzg2jsz6 203 1 The the DT cord-027960-qzg2jsz6 203 2 problem problem NN cord-027960-qzg2jsz6 203 3 in in IN cord-027960-qzg2jsz6 203 4 Spain Spain NNP cord-027960-qzg2jsz6 203 5 was be VBD cord-027960-qzg2jsz6 203 6 the the DT cord-027960-qzg2jsz6 203 7 giant giant JJ cord-027960-qzg2jsz6 203 8 inflow inflow NN cord-027960-qzg2jsz6 203 9 of of IN cord-027960-qzg2jsz6 203 10 capital capital NN cord-027960-qzg2jsz6 203 11 from from IN cord-027960-qzg2jsz6 203 12 the the DT cord-027960-qzg2jsz6 203 13 rest rest NN cord-027960-qzg2jsz6 203 14 of of IN cord-027960-qzg2jsz6 203 15 Europe Europe NNP cord-027960-qzg2jsz6 203 16 ; ; : cord-027960-qzg2jsz6 203 17 the the DT cord-027960-qzg2jsz6 203 18 consequence consequence NN cord-027960-qzg2jsz6 203 19 was be VBD cord-027960-qzg2jsz6 203 20 rapid rapid JJ cord-027960-qzg2jsz6 203 21 growth growth NN cord-027960-qzg2jsz6 203 22 and and CC cord-027960-qzg2jsz6 203 23 significant significant JJ cord-027960-qzg2jsz6 203 24 inflation inflation NN cord-027960-qzg2jsz6 203 25 . . . cord-027960-qzg2jsz6 204 1 In in IN cord-027960-qzg2jsz6 204 2 fact fact NN cord-027960-qzg2jsz6 204 3 , , , cord-027960-qzg2jsz6 204 4 the the DT cord-027960-qzg2jsz6 204 5 fiscal fiscal JJ cord-027960-qzg2jsz6 204 6 deficit deficit NN cord-027960-qzg2jsz6 204 7 was be VBD cord-027960-qzg2jsz6 204 8 a a DT cord-027960-qzg2jsz6 204 9 result result NN cord-027960-qzg2jsz6 204 10 , , , cord-027960-qzg2jsz6 204 11 not not RB cord-027960-qzg2jsz6 204 12 a a DT cord-027960-qzg2jsz6 204 13 cause cause NN cord-027960-qzg2jsz6 204 14 , , , cord-027960-qzg2jsz6 204 15 of of IN cord-027960-qzg2jsz6 204 16 Spain Spain NNP cord-027960-qzg2jsz6 204 17 's 's POS cord-027960-qzg2jsz6 204 18 problems problem NNS cord-027960-qzg2jsz6 204 19 : : : cord-027960-qzg2jsz6 204 20 When when WRB cord-027960-qzg2jsz6 204 21 the the DT cord-027960-qzg2jsz6 204 22 global global JJ cord-027960-qzg2jsz6 204 23 financial financial JJ cord-027960-qzg2jsz6 204 24 crisis crisis NN cord-027960-qzg2jsz6 204 25 hit hit VBD cord-027960-qzg2jsz6 204 26 Spain Spain NNP cord-027960-qzg2jsz6 204 27 and and CC cord-027960-qzg2jsz6 204 28 the the DT cord-027960-qzg2jsz6 204 29 real real JJ cord-027960-qzg2jsz6 204 30 estate estate NN cord-027960-qzg2jsz6 204 31 bubble bubble NN cord-027960-qzg2jsz6 204 32 burst burst NN cord-027960-qzg2jsz6 204 33 , , , cord-027960-qzg2jsz6 204 34 unemployment unemployment NN cord-027960-qzg2jsz6 204 35 soared soar VBD cord-027960-qzg2jsz6 204 36 , , , cord-027960-qzg2jsz6 204 37 and and CC cord-027960-qzg2jsz6 204 38 the the DT cord-027960-qzg2jsz6 204 39 budget budget NN cord-027960-qzg2jsz6 204 40 went go VBD cord-027960-qzg2jsz6 204 41 into into IN cord-027960-qzg2jsz6 204 42 deep deep JJ cord-027960-qzg2jsz6 204 43 deficit deficit NN cord-027960-qzg2jsz6 204 44 , , , cord-027960-qzg2jsz6 204 45 caused cause VBN cord-027960-qzg2jsz6 204 46 partly partly RB cord-027960-qzg2jsz6 204 47 by by IN cord-027960-qzg2jsz6 204 48 depressed depressed JJ cord-027960-qzg2jsz6 204 49 revenues revenue NNS cord-027960-qzg2jsz6 204 50 and and CC cord-027960-qzg2jsz6 204 51 partly partly RB cord-027960-qzg2jsz6 204 52 by by IN cord-027960-qzg2jsz6 204 53 emergency emergency NN cord-027960-qzg2jsz6 204 54 spending spending NN cord-027960-qzg2jsz6 204 55 to to TO cord-027960-qzg2jsz6 204 56 limit limit VB cord-027960-qzg2jsz6 204 57 human human JJ cord-027960-qzg2jsz6 204 58 costs cost NNS cord-027960-qzg2jsz6 204 59 . . . cord-027960-qzg2jsz6 205 1 The the DT cord-027960-qzg2jsz6 205 2 government government NN cord-027960-qzg2jsz6 205 3 responded respond VBD cord-027960-qzg2jsz6 205 4 to to IN cord-027960-qzg2jsz6 205 5 the the DT cord-027960-qzg2jsz6 205 6 crisis crisis NN cord-027960-qzg2jsz6 205 7 with with IN cord-027960-qzg2jsz6 205 8 a a DT cord-027960-qzg2jsz6 205 9 massive massive JJ cord-027960-qzg2jsz6 205 10 e8 e8 NNP cord-027960-qzg2jsz6 205 11 billion billion CD cord-027960-qzg2jsz6 205 12 public public JJ cord-027960-qzg2jsz6 205 13 works work VBZ cord-027960-qzg2jsz6 205 14 stimulus stimulus NN cord-027960-qzg2jsz6 205 15 . . . cord-027960-qzg2jsz6 206 1 This this DT cord-027960-qzg2jsz6 206 2 decision decision NN cord-027960-qzg2jsz6 206 3 , , , cord-027960-qzg2jsz6 206 4 combined combine VBN cord-027960-qzg2jsz6 206 5 with with IN cord-027960-qzg2jsz6 206 6 a a DT cord-027960-qzg2jsz6 206 7 dramatic dramatic JJ cord-027960-qzg2jsz6 206 8 fall fall NN cord-027960-qzg2jsz6 206 9 in in IN cord-027960-qzg2jsz6 206 10 revenue revenue NN cord-027960-qzg2jsz6 206 11 , , , cord-027960-qzg2jsz6 206 12 blew blow VBD cord-027960-qzg2jsz6 206 13 a a DT cord-027960-qzg2jsz6 206 14 hole hole NN cord-027960-qzg2jsz6 206 15 in in IN cord-027960-qzg2jsz6 206 16 government government NN cord-027960-qzg2jsz6 206 17 accounts account NNS cord-027960-qzg2jsz6 206 18 resulting result VBG cord-027960-qzg2jsz6 206 19 in in IN cord-027960-qzg2jsz6 206 20 a a DT cord-027960-qzg2jsz6 206 21 large large JJ cord-027960-qzg2jsz6 206 22 deficit deficit NN cord-027960-qzg2jsz6 206 23 . . . cord-027960-qzg2jsz6 207 1 Furthermore furthermore RB cord-027960-qzg2jsz6 207 2 , , , cord-027960-qzg2jsz6 207 3 the the DT cord-027960-qzg2jsz6 207 4 conditions condition NNS cord-027960-qzg2jsz6 207 5 for for IN cord-027960-qzg2jsz6 207 6 the the DT cord-027960-qzg2jsz6 207 7 crisis crisis NN cord-027960-qzg2jsz6 207 8 in in IN cord-027960-qzg2jsz6 207 9 Spain Spain NNP cord-027960-qzg2jsz6 207 10 were be VBD cord-027960-qzg2jsz6 207 11 created create VBN cord-027960-qzg2jsz6 207 12 by by IN cord-027960-qzg2jsz6 207 13 the the DT cord-027960-qzg2jsz6 207 14 excessive excessive JJ cord-027960-qzg2jsz6 207 15 lending lending NN cord-027960-qzg2jsz6 207 16 and and CC cord-027960-qzg2jsz6 207 17 borrowing borrowing NN cord-027960-qzg2jsz6 207 18 of of IN cord-027960-qzg2jsz6 207 19 the the DT cord-027960-qzg2jsz6 207 20 private private JJ cord-027960-qzg2jsz6 207 21 sector sector NN cord-027960-qzg2jsz6 207 22 rather rather RB cord-027960-qzg2jsz6 207 23 than than IN cord-027960-qzg2jsz6 207 24 the the DT cord-027960-qzg2jsz6 207 25 government government NN cord-027960-qzg2jsz6 207 26 . . . cord-027960-qzg2jsz6 208 1 In in IN cord-027960-qzg2jsz6 208 2 other other JJ cord-027960-qzg2jsz6 208 3 words word NNS cord-027960-qzg2jsz6 208 4 , , , cord-027960-qzg2jsz6 208 5 the the DT cord-027960-qzg2jsz6 208 6 problem problem NN cord-027960-qzg2jsz6 208 7 was be VBD cord-027960-qzg2jsz6 208 8 private private JJ cord-027960-qzg2jsz6 208 9 debt debt NN cord-027960-qzg2jsz6 208 10 and and CC cord-027960-qzg2jsz6 208 11 not not RB cord-027960-qzg2jsz6 208 12 public public JJ cord-027960-qzg2jsz6 208 13 debt debt NN cord-027960-qzg2jsz6 208 14 . . . cord-027960-qzg2jsz6 209 1 Spain Spain NNP cord-027960-qzg2jsz6 209 2 experienced experience VBD cord-027960-qzg2jsz6 209 3 a a DT cord-027960-qzg2jsz6 209 4 problem problem NN cord-027960-qzg2jsz6 209 5 of of IN cord-027960-qzg2jsz6 209 6 ever ever RB cord-027960-qzg2jsz6 209 7 - - HYPH cord-027960-qzg2jsz6 209 8 growing grow VBG cord-027960-qzg2jsz6 209 9 private private JJ cord-027960-qzg2jsz6 209 10 sector sector NN cord-027960-qzg2jsz6 209 11 indebtedness indebtedness NN cord-027960-qzg2jsz6 209 12 , , , cord-027960-qzg2jsz6 209 13 which which WDT cord-027960-qzg2jsz6 209 14 was be VBD cord-027960-qzg2jsz6 209 15 compounded compound VBN cord-027960-qzg2jsz6 209 16 by by IN cord-027960-qzg2jsz6 209 17 the the DT cord-027960-qzg2jsz6 209 18 reckless reckless JJ cord-027960-qzg2jsz6 209 19 investments investment NNS cord-027960-qzg2jsz6 209 20 and and CC cord-027960-qzg2jsz6 209 21 loans loan NNS cord-027960-qzg2jsz6 209 22 of of IN cord-027960-qzg2jsz6 209 23 banks bank NNS cord-027960-qzg2jsz6 209 24 ( ( -LRB- cord-027960-qzg2jsz6 209 25 including include VBG cord-027960-qzg2jsz6 209 26 the the DT cord-027960-qzg2jsz6 209 27 overleveraged overleveraged JJ cord-027960-qzg2jsz6 209 28 ones one NNS cord-027960-qzg2jsz6 209 29 ) ) -RRB- cord-027960-qzg2jsz6 209 30 , , , cord-027960-qzg2jsz6 209 31 both both DT cord-027960-qzg2jsz6 209 32 integral integral JJ cord-027960-qzg2jsz6 209 33 components component NNS cord-027960-qzg2jsz6 209 34 of of IN cord-027960-qzg2jsz6 209 35 the the DT cord-027960-qzg2jsz6 209 36 bank bank NN cord-027960-qzg2jsz6 209 37 bargains bargain NNS cord-027960-qzg2jsz6 209 38 that that WDT cord-027960-qzg2jsz6 209 39 we -PRON- PRP cord-027960-qzg2jsz6 209 40 examine examine VBP cord-027960-qzg2jsz6 209 41 later later RB cord-027960-qzg2jsz6 209 42 in in IN cord-027960-qzg2jsz6 209 43 the the DT cord-027960-qzg2jsz6 209 44 book book NN cord-027960-qzg2jsz6 209 45 , , , cord-027960-qzg2jsz6 209 46 that that WDT cord-027960-qzg2jsz6 209 47 were be VBD cord-027960-qzg2jsz6 209 48 aggravated aggravate VBN cord-027960-qzg2jsz6 209 49 by by IN cord-027960-qzg2jsz6 209 50 competitiveness competitiveness NN cord-027960-qzg2jsz6 209 51 and and CC cord-027960-qzg2jsz6 209 52 current current JJ cord-027960-qzg2jsz6 209 53 account account NN cord-027960-qzg2jsz6 209 54 imbalances imbalance NNS cord-027960-qzg2jsz6 209 55 . . . cord-027960-qzg2jsz6 210 1 In in IN cord-027960-qzg2jsz6 210 2 Spain Spain NNP cord-027960-qzg2jsz6 210 3 , , , cord-027960-qzg2jsz6 210 4 the the DT cord-027960-qzg2jsz6 210 5 private private JJ cord-027960-qzg2jsz6 210 6 sector sector NN cord-027960-qzg2jsz6 210 7 debt debt NN cord-027960-qzg2jsz6 210 8 ( ( -LRB- cord-027960-qzg2jsz6 210 9 households household NNS cord-027960-qzg2jsz6 210 10 and and CC cord-027960-qzg2jsz6 210 11 nonfinancial nonfinancial JJ cord-027960-qzg2jsz6 210 12 corporations corporation NNS cord-027960-qzg2jsz6 210 13 ) ) -RRB- cord-027960-qzg2jsz6 210 14 was be VBD cord-027960-qzg2jsz6 210 15 227.3 227.3 CD cord-027960-qzg2jsz6 210 16 % % NN cord-027960-qzg2jsz6 210 17 of of IN cord-027960-qzg2jsz6 210 18 GDP GDP NNP cord-027960-qzg2jsz6 210 19 at at IN cord-027960-qzg2jsz6 210 20 the the DT cord-027960-qzg2jsz6 210 21 end end NN cord-027960-qzg2jsz6 210 22 of of IN cord-027960-qzg2jsz6 210 23 2010 2010 CD cord-027960-qzg2jsz6 210 24 ; ; : cord-027960-qzg2jsz6 210 25 total total JJ cord-027960-qzg2jsz6 210 26 debt debt NN cord-027960-qzg2jsz6 210 27 increased increase VBD cord-027960-qzg2jsz6 210 28 from from IN cord-027960-qzg2jsz6 210 29 337 337 CD cord-027960-qzg2jsz6 210 30 % % NN cord-027960-qzg2jsz6 210 31 of of IN cord-027960-qzg2jsz6 210 32 GDP GDP NNP cord-027960-qzg2jsz6 210 33 in in IN cord-027960-qzg2jsz6 210 34 2008 2008 CD cord-027960-qzg2jsz6 210 35 to to IN cord-027960-qzg2jsz6 210 36 363 363 CD cord-027960-qzg2jsz6 210 37 % % NN cord-027960-qzg2jsz6 210 38 in in IN cord-027960-qzg2jsz6 210 39 mid-2011 mid-2011 NN cord-027960-qzg2jsz6 210 40 . . . cord-027960-qzg2jsz6 211 1 Yet yet RB cord-027960-qzg2jsz6 211 2 , , , cord-027960-qzg2jsz6 211 3 although although IN cord-027960-qzg2jsz6 211 4 Spain Spain NNP cord-027960-qzg2jsz6 211 5 entered enter VBD cord-027960-qzg2jsz6 211 6 the the DT cord-027960-qzg2jsz6 211 7 crisis crisis NN cord-027960-qzg2jsz6 211 8 in in IN cord-027960-qzg2jsz6 211 9 a a DT cord-027960-qzg2jsz6 211 10 relatively relatively RB cord-027960-qzg2jsz6 211 11 sound sound JJ cord-027960-qzg2jsz6 211 12 fiscal fiscal JJ cord-027960-qzg2jsz6 211 13 position position NN cord-027960-qzg2jsz6 211 14 , , , cord-027960-qzg2jsz6 211 15 that that DT cord-027960-qzg2jsz6 211 16 position position NN cord-027960-qzg2jsz6 211 17 was be VBD cord-027960-qzg2jsz6 211 18 not not RB cord-027960-qzg2jsz6 211 19 solid solid JJ cord-027960-qzg2jsz6 211 20 enough enough RB cord-027960-qzg2jsz6 211 21 to to TO cord-027960-qzg2jsz6 211 22 withstand withstand VB cord-027960-qzg2jsz6 211 23 the the DT cord-027960-qzg2jsz6 211 24 effects effect NNS cord-027960-qzg2jsz6 211 25 of of IN cord-027960-qzg2jsz6 211 26 the the DT cord-027960-qzg2jsz6 211 27 crisis crisis NN cord-027960-qzg2jsz6 211 28 , , , cord-027960-qzg2jsz6 211 29 especially especially RB cord-027960-qzg2jsz6 211 30 being be VBG cord-027960-qzg2jsz6 211 31 a a DT cord-027960-qzg2jsz6 211 32 member member NN cord-027960-qzg2jsz6 211 33 of of IN cord-027960-qzg2jsz6 211 34 a a DT cord-027960-qzg2jsz6 211 35 dysfunctional dysfunctional JJ cord-027960-qzg2jsz6 211 36 monetary monetary JJ cord-027960-qzg2jsz6 211 37 union union NN cord-027960-qzg2jsz6 211 38 with with IN cord-027960-qzg2jsz6 211 39 no no DT cord-027960-qzg2jsz6 211 40 lender lender NN cord-027960-qzg2jsz6 211 41 of of IN cord-027960-qzg2jsz6 211 42 last last JJ cord-027960-qzg2jsz6 211 43 resort resort NN cord-027960-qzg2jsz6 211 44 . . . cord-027960-qzg2jsz6 212 1 The the DT cord-027960-qzg2jsz6 212 2 country country NN cord-027960-qzg2jsz6 212 3 's 's POS cord-027960-qzg2jsz6 212 4 fiscal fiscal JJ cord-027960-qzg2jsz6 212 5 position position NN cord-027960-qzg2jsz6 212 6 deteriorated deteriorate VBD cord-027960-qzg2jsz6 212 7 sharply sharply RB cord-027960-qzg2jsz6 212 8 - - HYPH cord-027960-qzg2jsz6 212 9 collapsing collapse VBG cord-027960-qzg2jsz6 212 10 by by IN cord-027960-qzg2jsz6 212 11 more more JJR cord-027960-qzg2jsz6 212 12 than than IN cord-027960-qzg2jsz6 212 13 13 13 CD cord-027960-qzg2jsz6 212 14 % % NN cord-027960-qzg2jsz6 212 15 of of IN cord-027960-qzg2jsz6 212 16 GDP GDP NNP cord-027960-qzg2jsz6 212 17 in in IN cord-027960-qzg2jsz6 212 18 just just RB cord-027960-qzg2jsz6 212 19 two two CD cord-027960-qzg2jsz6 212 20 years year NNS cord-027960-qzg2jsz6 212 21 . . . cord-027960-qzg2jsz6 213 1 Looking look VBG cord-027960-qzg2jsz6 213 2 at at IN cord-027960-qzg2jsz6 213 3 the the DT cord-027960-qzg2jsz6 213 4 deficit deficit NN cord-027960-qzg2jsz6 213 5 figures figure NNS cord-027960-qzg2jsz6 213 6 with with IN cord-027960-qzg2jsz6 213 7 the the DT cord-027960-qzg2jsz6 213 8 benefit benefit NN cord-027960-qzg2jsz6 213 9 of of IN cord-027960-qzg2jsz6 213 10 hindsight hindsight NN cord-027960-qzg2jsz6 213 11 , , , cord-027960-qzg2jsz6 213 12 it -PRON- PRP cord-027960-qzg2jsz6 213 13 could could MD cord-027960-qzg2jsz6 213 14 be be VB cord-027960-qzg2jsz6 213 15 argued argue VBN cord-027960-qzg2jsz6 213 16 that that IN cord-027960-qzg2jsz6 213 17 Spain Spain NNP cord-027960-qzg2jsz6 213 18 's 's POS cord-027960-qzg2jsz6 213 19 structural structural JJ cord-027960-qzg2jsz6 213 20 or or CC cord-027960-qzg2jsz6 213 21 cyclically cyclically RB cord-027960-qzg2jsz6 213 22 adjusted adjust VBN cord-027960-qzg2jsz6 213 23 deficit deficit NN cord-027960-qzg2jsz6 213 24 was be VBD cord-027960-qzg2jsz6 213 25 much much RB cord-027960-qzg2jsz6 213 26 higher high JJR cord-027960-qzg2jsz6 213 27 than than IN cord-027960-qzg2jsz6 213 28 its -PRON- PRP$ cord-027960-qzg2jsz6 213 29 actual actual JJ cord-027960-qzg2jsz6 213 30 deficit deficit NN cord-027960-qzg2jsz6 213 31 . . . cord-027960-qzg2jsz6 214 1 The the DT cord-027960-qzg2jsz6 214 2 fast fast JJ cord-027960-qzg2jsz6 214 3 pace pace NN cord-027960-qzg2jsz6 214 4 of of IN cord-027960-qzg2jsz6 214 5 economic economic JJ cord-027960-qzg2jsz6 214 6 growth growth NN cord-027960-qzg2jsz6 214 7 before before IN cord-027960-qzg2jsz6 214 8 the the DT cord-027960-qzg2jsz6 214 9 crisis crisis NN cord-027960-qzg2jsz6 214 10 inflated inflate VBD cord-027960-qzg2jsz6 214 11 government government NN cord-027960-qzg2jsz6 214 12 revenues revenue NNS cord-027960-qzg2jsz6 214 13 and and CC cord-027960-qzg2jsz6 214 14 lowered lower VBN cord-027960-qzg2jsz6 214 15 social social JJ cord-027960-qzg2jsz6 214 16 expenditures expenditure NNS cord-027960-qzg2jsz6 214 17 in in IN cord-027960-qzg2jsz6 214 18 a a DT cord-027960-qzg2jsz6 214 19 way way NN cord-027960-qzg2jsz6 214 20 that that WDT cord-027960-qzg2jsz6 214 21 masked mask VBD cord-027960-qzg2jsz6 214 22 the the DT cord-027960-qzg2jsz6 214 23 vulnerability vulnerability NN cord-027960-qzg2jsz6 214 24 hidden hide VBN cord-027960-qzg2jsz6 214 25 in in IN cord-027960-qzg2jsz6 214 26 Spanish spanish JJ cord-027960-qzg2jsz6 214 27 fiscal fiscal JJ cord-027960-qzg2jsz6 214 28 accounts account NNS cord-027960-qzg2jsz6 214 29 . . . cord-027960-qzg2jsz6 215 1 The the DT cord-027960-qzg2jsz6 215 2 problem problem NN cord-027960-qzg2jsz6 215 3 is be VBZ cord-027960-qzg2jsz6 215 4 that that IN cord-027960-qzg2jsz6 215 5 it -PRON- PRP cord-027960-qzg2jsz6 215 6 is be VBZ cord-027960-qzg2jsz6 215 7 very very RB cord-027960-qzg2jsz6 215 8 difficult difficult JJ cord-027960-qzg2jsz6 215 9 to to TO cord-027960-qzg2jsz6 215 10 know know VB cord-027960-qzg2jsz6 215 11 the the DT cord-027960-qzg2jsz6 215 12 structural structural JJ cord-027960-qzg2jsz6 215 13 position position NN cord-027960-qzg2jsz6 215 14 of of IN cord-027960-qzg2jsz6 215 15 a a DT cord-027960-qzg2jsz6 215 16 country country NN cord-027960-qzg2jsz6 215 17 . . . cord-027960-qzg2jsz6 216 1 The the DT cord-027960-qzg2jsz6 216 2 only only JJ cord-027960-qzg2jsz6 216 3 way way NN cord-027960-qzg2jsz6 216 4 in in IN cord-027960-qzg2jsz6 216 5 which which WDT cord-027960-qzg2jsz6 216 6 Spain Spain NNP cord-027960-qzg2jsz6 216 7 could could MD cord-027960-qzg2jsz6 216 8 have have VB cord-027960-qzg2jsz6 216 9 prevented prevent VBN cord-027960-qzg2jsz6 216 10 the the DT cord-027960-qzg2jsz6 216 11 deficit deficit NN cord-027960-qzg2jsz6 216 12 disaster disaster NN cord-027960-qzg2jsz6 216 13 that that WDT cord-027960-qzg2jsz6 216 14 followed follow VBD cord-027960-qzg2jsz6 216 15 would would MD cord-027960-qzg2jsz6 216 16 have have VB cord-027960-qzg2jsz6 216 17 been be VBN cord-027960-qzg2jsz6 216 18 to to TO cord-027960-qzg2jsz6 216 19 run run VB cord-027960-qzg2jsz6 216 20 massive massive JJ cord-027960-qzg2jsz6 216 21 fiscal fiscal JJ cord-027960-qzg2jsz6 216 22 surpluses surplus NNS cord-027960-qzg2jsz6 216 23 of of IN cord-027960-qzg2jsz6 216 24 10 10 CD cord-027960-qzg2jsz6 216 25 % % NN cord-027960-qzg2jsz6 216 26 or or CC cord-027960-qzg2jsz6 216 27 higher high JJR cord-027960-qzg2jsz6 216 28 during during IN cord-027960-qzg2jsz6 216 29 the the DT cord-027960-qzg2jsz6 216 30 years year NNS cord-027960-qzg2jsz6 216 31 prior prior RB cord-027960-qzg2jsz6 216 32 to to IN cord-027960-qzg2jsz6 216 33 the the DT cord-027960-qzg2jsz6 216 34 crisis crisis NN cord-027960-qzg2jsz6 216 35 in in IN cord-027960-qzg2jsz6 216 36 order order NN cord-027960-qzg2jsz6 216 37 to to TO cord-027960-qzg2jsz6 216 38 generate generate VB cord-027960-qzg2jsz6 216 39 a a DT cord-027960-qzg2jsz6 216 40 positive positive JJ cord-027960-qzg2jsz6 216 41 net net JJ cord-027960-qzg2jsz6 216 42 asset asset NN cord-027960-qzg2jsz6 216 43 position position NN cord-027960-qzg2jsz6 216 44 of of IN cord-027960-qzg2jsz6 216 45 at at RB cord-027960-qzg2jsz6 216 46 least least RBS cord-027960-qzg2jsz6 216 47 20 20 CD cord-027960-qzg2jsz6 216 48 % % NN cord-027960-qzg2jsz6 216 49 of of IN cord-027960-qzg2jsz6 216 50 GDP GDP NNP cord-027960-qzg2jsz6 216 51 . . . cord-027960-qzg2jsz6 217 1 22 22 CD cord-027960-qzg2jsz6 218 1 This this DT cord-027960-qzg2jsz6 218 2 , , , cord-027960-qzg2jsz6 218 3 for for IN cord-027960-qzg2jsz6 218 4 obvious obvious JJ cord-027960-qzg2jsz6 218 5 reasons reason NNS cord-027960-qzg2jsz6 218 6 , , , cord-027960-qzg2jsz6 218 7 would would MD cord-027960-qzg2jsz6 218 8 not not RB cord-027960-qzg2jsz6 218 9 have have VB cord-027960-qzg2jsz6 218 10 been be VBN cord-027960-qzg2jsz6 218 11 politically politically RB cord-027960-qzg2jsz6 218 12 feasible feasible JJ cord-027960-qzg2jsz6 218 13 . . . cord-027960-qzg2jsz6 219 1 There there EX cord-027960-qzg2jsz6 219 2 is be VBZ cord-027960-qzg2jsz6 219 3 another another DT cord-027960-qzg2jsz6 219 4 way way NN cord-027960-qzg2jsz6 219 5 to to TO cord-027960-qzg2jsz6 219 6 look look VB cord-027960-qzg2jsz6 219 7 at at IN cord-027960-qzg2jsz6 219 8 the the DT cord-027960-qzg2jsz6 219 9 crisis crisis NN cord-027960-qzg2jsz6 219 10 . . . cord-027960-qzg2jsz6 220 1 Many many JJ cord-027960-qzg2jsz6 220 2 economists economist NNS cord-027960-qzg2jsz6 220 3 argue argue VBP cord-027960-qzg2jsz6 220 4 that that IN cord-027960-qzg2jsz6 220 5 the the DT cord-027960-qzg2jsz6 220 6 underlying underlying JJ cord-027960-qzg2jsz6 220 7 problem problem NN cord-027960-qzg2jsz6 220 8 in in IN cord-027960-qzg2jsz6 220 9 the the DT cord-027960-qzg2jsz6 220 10 euro euro NNP cord-027960-qzg2jsz6 220 11 area area NN cord-027960-qzg2jsz6 220 12 was be VBD cord-027960-qzg2jsz6 220 13 the the DT cord-027960-qzg2jsz6 220 14 exchange exchange NN cord-027960-qzg2jsz6 220 15 rate rate NN cord-027960-qzg2jsz6 220 16 system system NN cord-027960-qzg2jsz6 220 17 itself -PRON- PRP cord-027960-qzg2jsz6 220 18 , , , cord-027960-qzg2jsz6 220 19 namely namely RB cord-027960-qzg2jsz6 220 20 , , , cord-027960-qzg2jsz6 220 21 the the DT cord-027960-qzg2jsz6 220 22 fact fact NN cord-027960-qzg2jsz6 220 23 that that IN cord-027960-qzg2jsz6 220 24 European european JJ cord-027960-qzg2jsz6 220 25 countries country NNS cord-027960-qzg2jsz6 220 26 locked lock VBD cord-027960-qzg2jsz6 220 27 themselves -PRON- PRP cord-027960-qzg2jsz6 220 28 into into IN cord-027960-qzg2jsz6 220 29 an an DT cord-027960-qzg2jsz6 220 30 initial initial JJ cord-027960-qzg2jsz6 220 31 exchange exchange NN cord-027960-qzg2jsz6 220 32 rate rate NN cord-027960-qzg2jsz6 220 33 . . . cord-027960-qzg2jsz6 221 1 This this DT cord-027960-qzg2jsz6 221 2 decision decision NN cord-027960-qzg2jsz6 221 3 meant mean VBD cord-027960-qzg2jsz6 221 4 , , , cord-027960-qzg2jsz6 221 5 in in IN cord-027960-qzg2jsz6 221 6 fact fact NN cord-027960-qzg2jsz6 221 7 , , , cord-027960-qzg2jsz6 221 8 that that IN cord-027960-qzg2jsz6 221 9 they -PRON- PRP cord-027960-qzg2jsz6 221 10 believed believe VBD cord-027960-qzg2jsz6 221 11 that that IN cord-027960-qzg2jsz6 221 12 their -PRON- PRP$ cord-027960-qzg2jsz6 221 13 economies economy NNS cord-027960-qzg2jsz6 221 14 would would MD cord-027960-qzg2jsz6 221 15 converge converge VB cord-027960-qzg2jsz6 221 16 in in IN cord-027960-qzg2jsz6 221 17 productivity productivity NN cord-027960-qzg2jsz6 221 18 ( ( -LRB- cord-027960-qzg2jsz6 221 19 which which WDT cord-027960-qzg2jsz6 221 20 would would MD cord-027960-qzg2jsz6 221 21 mean mean VB cord-027960-qzg2jsz6 221 22 that that IN cord-027960-qzg2jsz6 221 23 the the DT cord-027960-qzg2jsz6 221 24 Spaniards Spaniards NNPS cord-027960-qzg2jsz6 221 25 would would MD cord-027960-qzg2jsz6 221 26 , , , cord-027960-qzg2jsz6 221 27 in in IN cord-027960-qzg2jsz6 221 28 effect effect NN cord-027960-qzg2jsz6 221 29 , , , cord-027960-qzg2jsz6 221 30 become become VB cord-027960-qzg2jsz6 221 31 more more RBR cord-027960-qzg2jsz6 221 32 like like IN cord-027960-qzg2jsz6 221 33 the the DT cord-027960-qzg2jsz6 221 34 Germans Germans NNPS cord-027960-qzg2jsz6 221 35 ) ) -RRB- cord-027960-qzg2jsz6 221 36 . . . cord-027960-qzg2jsz6 222 1 If if IN cord-027960-qzg2jsz6 222 2 convergence convergence NN cord-027960-qzg2jsz6 222 3 was be VBD cord-027960-qzg2jsz6 222 4 not not RB cord-027960-qzg2jsz6 222 5 possible possible JJ cord-027960-qzg2jsz6 222 6 , , , cord-027960-qzg2jsz6 222 7 the the DT cord-027960-qzg2jsz6 222 8 alternative alternative NN cord-027960-qzg2jsz6 222 9 would would MD cord-027960-qzg2jsz6 222 10 be be VB cord-027960-qzg2jsz6 222 11 for for IN cord-027960-qzg2jsz6 222 12 people people NNS cord-027960-qzg2jsz6 222 13 to to TO cord-027960-qzg2jsz6 222 14 move move VB cord-027960-qzg2jsz6 222 15 to to IN cord-027960-qzg2jsz6 222 16 higher high JJR cord-027960-qzg2jsz6 222 17 productivity productivity NN cord-027960-qzg2jsz6 222 18 countries country NNS cord-027960-qzg2jsz6 222 19 , , , cord-027960-qzg2jsz6 222 20 thereby thereby RB cord-027960-qzg2jsz6 222 21 increasing increase VBG cord-027960-qzg2jsz6 222 22 their -PRON- PRP$ cord-027960-qzg2jsz6 222 23 productivity productivity NN cord-027960-qzg2jsz6 222 24 levels level NNS cord-027960-qzg2jsz6 222 25 by by IN cord-027960-qzg2jsz6 222 26 working work VBG cord-027960-qzg2jsz6 222 27 in in IN cord-027960-qzg2jsz6 222 28 factories factory NNS cord-027960-qzg2jsz6 222 29 and and CC cord-027960-qzg2jsz6 222 30 companies company NNS cord-027960-qzg2jsz6 222 31 there there EX cord-027960-qzg2jsz6 222 32 ( ( -LRB- cord-027960-qzg2jsz6 222 33 or or CC cord-027960-qzg2jsz6 222 34 to to TO cord-027960-qzg2jsz6 222 35 create create VB cord-027960-qzg2jsz6 222 36 a a DT cord-027960-qzg2jsz6 222 37 full full JJ cord-027960-qzg2jsz6 222 38 fiscal fiscal JJ cord-027960-qzg2jsz6 222 39 union union NN cord-027960-qzg2jsz6 222 40 to to TO cord-027960-qzg2jsz6 222 41 provide provide VB cord-027960-qzg2jsz6 222 42 for for IN cord-027960-qzg2jsz6 222 43 permanent permanent JJ cord-027960-qzg2jsz6 222 44 transfers transfer NNS cord-027960-qzg2jsz6 222 45 , , , cord-027960-qzg2jsz6 222 46 as as IN cord-027960-qzg2jsz6 222 47 argued argue VBN cord-027960-qzg2jsz6 222 48 by by IN cord-027960-qzg2jsz6 222 49 OCA OCA NNP cord-027960-qzg2jsz6 222 50 theory theory NN cord-027960-qzg2jsz6 222 51 ) ) -RRB- cord-027960-qzg2jsz6 222 52 . . . cord-027960-qzg2jsz6 223 1 Time Time NNP cord-027960-qzg2jsz6 223 2 has have VBZ cord-027960-qzg2jsz6 223 3 shown show VBN cord-027960-qzg2jsz6 223 4 that that IN cord-027960-qzg2jsz6 223 5 both both DT cord-027960-qzg2jsz6 223 6 expectations expectation NNS cord-027960-qzg2jsz6 223 7 were be VBD cord-027960-qzg2jsz6 223 8 unrealistic unrealistic JJ cord-027960-qzg2jsz6 223 9 and and CC cord-027960-qzg2jsz6 223 10 , , , cord-027960-qzg2jsz6 223 11 in in IN cord-027960-qzg2jsz6 223 12 fact fact NN cord-027960-qzg2jsz6 223 13 , , , cord-027960-qzg2jsz6 223 14 the the DT cord-027960-qzg2jsz6 223 15 opposite opposite NN cord-027960-qzg2jsz6 223 16 happened happen VBD cord-027960-qzg2jsz6 223 17 . . . cord-027960-qzg2jsz6 224 1 The the DT cord-027960-qzg2jsz6 224 2 gap gap NN cord-027960-qzg2jsz6 224 3 between between IN cord-027960-qzg2jsz6 224 4 German german JJ cord-027960-qzg2jsz6 224 5 and and CC cord-027960-qzg2jsz6 224 6 Spanish Spanish NNP cord-027960-qzg2jsz6 224 7 ( ( -LRB- cord-027960-qzg2jsz6 224 8 including include VBG cord-027960-qzg2jsz6 224 9 other other JJ cord-027960-qzg2jsz6 224 10 peripheral peripheral JJ cord-027960-qzg2jsz6 224 11 country country NN cord-027960-qzg2jsz6 224 12 ) ) -RRB- cord-027960-qzg2jsz6 224 13 productivity productivity NN cord-027960-qzg2jsz6 224 14 increased increase VBD cord-027960-qzg2jsz6 224 15 , , , cord-027960-qzg2jsz6 224 16 rather rather RB cord-027960-qzg2jsz6 224 17 than than IN cord-027960-qzg2jsz6 224 18 decreased decrease VBD cord-027960-qzg2jsz6 224 19 , , , cord-027960-qzg2jsz6 224 20 over over IN cord-027960-qzg2jsz6 224 21 the the DT cord-027960-qzg2jsz6 224 22 past past JJ cord-027960-qzg2jsz6 224 23 decade decade NN cord-027960-qzg2jsz6 224 24 and and CC cord-027960-qzg2jsz6 224 25 , , , cord-027960-qzg2jsz6 224 26 as as IN cord-027960-qzg2jsz6 224 27 a a DT cord-027960-qzg2jsz6 224 28 result result NN cord-027960-qzg2jsz6 224 29 , , , cord-027960-qzg2jsz6 224 30 Germany Germany NNP cord-027960-qzg2jsz6 224 31 developed develop VBD cord-027960-qzg2jsz6 224 32 a a DT cord-027960-qzg2jsz6 224 33 large large JJ cord-027960-qzg2jsz6 224 34 surplus surplus NN cord-027960-qzg2jsz6 224 35 on on IN cord-027960-qzg2jsz6 224 36 its -PRON- PRP$ cord-027960-qzg2jsz6 224 37 current current JJ cord-027960-qzg2jsz6 224 38 account account NN cord-027960-qzg2jsz6 224 39 ; ; : cord-027960-qzg2jsz6 224 40 while while IN cord-027960-qzg2jsz6 224 41 Spain Spain NNP cord-027960-qzg2jsz6 224 42 and and CC cord-027960-qzg2jsz6 224 43 the the DT cord-027960-qzg2jsz6 224 44 other other JJ cord-027960-qzg2jsz6 224 45 periphery periphery JJ cord-027960-qzg2jsz6 224 46 countries country NNS cord-027960-qzg2jsz6 224 47 had have VBD cord-027960-qzg2jsz6 224 48 large large JJ cord-027960-qzg2jsz6 224 49 current current JJ cord-027960-qzg2jsz6 224 50 account account NN cord-027960-qzg2jsz6 224 51 deficits deficit NNS cord-027960-qzg2jsz6 224 52 that that WDT cord-027960-qzg2jsz6 224 53 were be VBD cord-027960-qzg2jsz6 224 54 financed finance VBN cord-027960-qzg2jsz6 224 55 by by IN cord-027960-qzg2jsz6 224 56 capital capital NN cord-027960-qzg2jsz6 224 57 inflows inflow NNS cord-027960-qzg2jsz6 224 58 . . . cord-027960-qzg2jsz6 225 1 23 23 CD cord-027960-qzg2jsz6 226 1 In in IN cord-027960-qzg2jsz6 226 2 this this DT cord-027960-qzg2jsz6 226 3 regard regard NN cord-027960-qzg2jsz6 226 4 , , , cord-027960-qzg2jsz6 226 5 one one PRP cord-027960-qzg2jsz6 226 6 could could MD cord-027960-qzg2jsz6 226 7 argue argue VB cord-027960-qzg2jsz6 226 8 that that IN cord-027960-qzg2jsz6 226 9 the the DT cord-027960-qzg2jsz6 226 10 incentives incentive NNS cord-027960-qzg2jsz6 226 11 introduced introduce VBN cord-027960-qzg2jsz6 226 12 by by IN cord-027960-qzg2jsz6 226 13 EMU EMU NNP cord-027960-qzg2jsz6 226 14 worked work VBD cord-027960-qzg2jsz6 226 15 exactly exactly RB cord-027960-qzg2jsz6 226 16 in in IN cord-027960-qzg2jsz6 226 17 the the DT cord-027960-qzg2jsz6 226 18 wrong wrong JJ cord-027960-qzg2jsz6 226 19 way way NN cord-027960-qzg2jsz6 226 20 . . . cord-027960-qzg2jsz6 227 1 Capital capital NN cord-027960-qzg2jsz6 227 2 inflows inflow NNS cord-027960-qzg2jsz6 227 3 in in IN cord-027960-qzg2jsz6 227 4 the the DT cord-027960-qzg2jsz6 227 5 south south NN cord-027960-qzg2jsz6 227 6 made make VBD cord-027960-qzg2jsz6 227 7 the the DT cord-027960-qzg2jsz6 227 8 structural structural JJ cord-027960-qzg2jsz6 227 9 reforms reform NNS cord-027960-qzg2jsz6 227 10 that that WDT cord-027960-qzg2jsz6 227 11 would would MD cord-027960-qzg2jsz6 227 12 have have VB cord-027960-qzg2jsz6 227 13 been be VBN cord-027960-qzg2jsz6 227 14 required require VBN cord-027960-qzg2jsz6 227 15 to to TO cord-027960-qzg2jsz6 227 16 promote promote VB cord-027960-qzg2jsz6 227 17 convergence convergence NN cord-027960-qzg2jsz6 227 18 less less RBR cord-027960-qzg2jsz6 227 19 necessary necessary JJ cord-027960-qzg2jsz6 227 20 , , , cord-027960-qzg2jsz6 227 21 thus thus RB cord-027960-qzg2jsz6 227 22 increasing increase VBG cord-027960-qzg2jsz6 227 23 divergence divergence NN cord-027960-qzg2jsz6 227 24 in in IN cord-027960-qzg2jsz6 227 25 productivity productivity NN cord-027960-qzg2jsz6 227 26 levels level NNS cord-027960-qzg2jsz6 227 27 . . . cord-027960-qzg2jsz6 228 1 In in IN cord-027960-qzg2jsz6 228 2 addition addition NN cord-027960-qzg2jsz6 228 3 , , , cord-027960-qzg2jsz6 228 4 adoption adoption NN cord-027960-qzg2jsz6 228 5 of of IN cord-027960-qzg2jsz6 228 6 the the DT cord-027960-qzg2jsz6 228 7 euro euro NN cord-027960-qzg2jsz6 228 8 as as IN cord-027960-qzg2jsz6 228 9 a a DT cord-027960-qzg2jsz6 228 10 common common JJ cord-027960-qzg2jsz6 228 11 currency currency NN cord-027960-qzg2jsz6 228 12 fostered foster VBD cord-027960-qzg2jsz6 228 13 a a DT cord-027960-qzg2jsz6 228 14 false false JJ cord-027960-qzg2jsz6 228 15 sense sense NN cord-027960-qzg2jsz6 228 16 of of IN cord-027960-qzg2jsz6 228 17 security security NN cord-027960-qzg2jsz6 228 18 among among IN cord-027960-qzg2jsz6 228 19 private private JJ cord-027960-qzg2jsz6 228 20 investors investor NNS cord-027960-qzg2jsz6 228 21 . . . cord-027960-qzg2jsz6 229 1 During during IN cord-027960-qzg2jsz6 229 2 the the DT cord-027960-qzg2jsz6 229 3 years year NNS cord-027960-qzg2jsz6 229 4 of of IN cord-027960-qzg2jsz6 229 5 euphoria euphoria NN cord-027960-qzg2jsz6 229 6 following follow VBG cord-027960-qzg2jsz6 229 7 the the DT cord-027960-qzg2jsz6 229 8 launching launching NN cord-027960-qzg2jsz6 229 9 of of IN cord-027960-qzg2jsz6 229 10 Europe Europe NNP cord-027960-qzg2jsz6 229 11 's 's POS cord-027960-qzg2jsz6 229 12 economic economic JJ cord-027960-qzg2jsz6 229 13 and and CC cord-027960-qzg2jsz6 229 14 monetary monetary JJ cord-027960-qzg2jsz6 229 15 union union NN cord-027960-qzg2jsz6 229 16 and and CC cord-027960-qzg2jsz6 229 17 prior prior RB cord-027960-qzg2jsz6 229 18 to to IN cord-027960-qzg2jsz6 229 19 the the DT cord-027960-qzg2jsz6 229 20 onset onset NN cord-027960-qzg2jsz6 229 21 of of IN cord-027960-qzg2jsz6 229 22 the the DT cord-027960-qzg2jsz6 229 23 financial financial JJ cord-027960-qzg2jsz6 229 24 crisis crisis NN cord-027960-qzg2jsz6 229 25 , , , cord-027960-qzg2jsz6 229 26 private private JJ cord-027960-qzg2jsz6 229 27 capital capital NN cord-027960-qzg2jsz6 229 28 flowed flow VBD cord-027960-qzg2jsz6 229 29 freely freely RB cord-027960-qzg2jsz6 229 30 into into IN cord-027960-qzg2jsz6 229 31 Spain Spain NNP cord-027960-qzg2jsz6 229 32 and and CC cord-027960-qzg2jsz6 229 33 , , , cord-027960-qzg2jsz6 229 34 as as IN cord-027960-qzg2jsz6 229 35 a a DT cord-027960-qzg2jsz6 229 36 result result NN cord-027960-qzg2jsz6 229 37 as as IN cord-027960-qzg2jsz6 229 38 we -PRON- PRP cord-027960-qzg2jsz6 229 39 have have VBP cord-027960-qzg2jsz6 229 40 seen see VBN cord-027960-qzg2jsz6 229 41 , , , cord-027960-qzg2jsz6 229 42 the the DT cord-027960-qzg2jsz6 229 43 country country NN cord-027960-qzg2jsz6 229 44 ran run VBD cord-027960-qzg2jsz6 229 45 current current JJ cord-027960-qzg2jsz6 229 46 account account NN cord-027960-qzg2jsz6 229 47 deficits deficit NNS cord-027960-qzg2jsz6 229 48 of of IN cord-027960-qzg2jsz6 229 49 close close JJ cord-027960-qzg2jsz6 229 50 to to TO cord-027960-qzg2jsz6 229 51 10 10 CD cord-027960-qzg2jsz6 229 52 % % NN cord-027960-qzg2jsz6 229 53 of of IN cord-027960-qzg2jsz6 229 54 GDP GDP NNP cord-027960-qzg2jsz6 229 55 . . . cord-027960-qzg2jsz6 230 1 In in IN cord-027960-qzg2jsz6 230 2 turn turn NN cord-027960-qzg2jsz6 230 3 , , , cord-027960-qzg2jsz6 230 4 these these DT cord-027960-qzg2jsz6 230 5 deficits deficit NNS cord-027960-qzg2jsz6 230 6 helped help VBD cord-027960-qzg2jsz6 230 7 finance finance VB cord-027960-qzg2jsz6 230 8 large large JJ cord-027960-qzg2jsz6 230 9 excesses excess NNS cord-027960-qzg2jsz6 230 10 of of IN cord-027960-qzg2jsz6 230 11 spending spend VBG cord-027960-qzg2jsz6 230 12 over over IN cord-027960-qzg2jsz6 230 13 income income NN cord-027960-qzg2jsz6 230 14 in in IN cord-027960-qzg2jsz6 230 15 the the DT cord-027960-qzg2jsz6 230 16 private private JJ cord-027960-qzg2jsz6 230 17 sector sector NN cord-027960-qzg2jsz6 230 18 . . . cord-027960-qzg2jsz6 231 1 The the DT cord-027960-qzg2jsz6 231 2 result result NN cord-027960-qzg2jsz6 231 3 did do VBD cord-027960-qzg2jsz6 231 4 not not RB cord-027960-qzg2jsz6 231 5 have have VB cord-027960-qzg2jsz6 231 6 to to TO cord-027960-qzg2jsz6 231 7 be be VB cord-027960-qzg2jsz6 231 8 negative negative JJ cord-027960-qzg2jsz6 231 9 . . . cord-027960-qzg2jsz6 232 1 These these DT cord-027960-qzg2jsz6 232 2 capital capital NN cord-027960-qzg2jsz6 232 3 inflows inflow NNS cord-027960-qzg2jsz6 232 4 could could MD cord-027960-qzg2jsz6 232 5 have have VB cord-027960-qzg2jsz6 232 6 helped help VBN cord-027960-qzg2jsz6 232 7 Spain Spain NNP cord-027960-qzg2jsz6 232 8 ( ( -LRB- cord-027960-qzg2jsz6 232 9 and and CC cord-027960-qzg2jsz6 232 10 the the DT cord-027960-qzg2jsz6 232 11 other other JJ cord-027960-qzg2jsz6 232 12 peripheral peripheral JJ cord-027960-qzg2jsz6 232 13 countries country NNS cord-027960-qzg2jsz6 232 14 ) ) -RRB- cord-027960-qzg2jsz6 232 15 invest invest VBP cord-027960-qzg2jsz6 232 16 , , , cord-027960-qzg2jsz6 232 17 become become VB cord-027960-qzg2jsz6 232 18 more more RBR cord-027960-qzg2jsz6 232 19 productive productive JJ cord-027960-qzg2jsz6 232 20 , , , cord-027960-qzg2jsz6 232 21 and and CC cord-027960-qzg2jsz6 232 22 " " `` cord-027960-qzg2jsz6 232 23 catch catch VB cord-027960-qzg2jsz6 232 24 up up RP cord-027960-qzg2jsz6 232 25 " " '' cord-027960-qzg2jsz6 232 26 with with IN cord-027960-qzg2jsz6 232 27 Germany Germany NNP cord-027960-qzg2jsz6 232 28 . . . cord-027960-qzg2jsz6 233 1 Unfortunately unfortunately RB cord-027960-qzg2jsz6 233 2 , , , cord-027960-qzg2jsz6 233 3 in in IN cord-027960-qzg2jsz6 233 4 the the DT cord-027960-qzg2jsz6 233 5 case case NN cord-027960-qzg2jsz6 233 6 of of IN cord-027960-qzg2jsz6 233 7 Spain Spain NNP cord-027960-qzg2jsz6 233 8 , , , cord-027960-qzg2jsz6 233 9 they -PRON- PRP cord-027960-qzg2jsz6 233 10 largely largely RB cord-027960-qzg2jsz6 233 11 led lead VBD cord-027960-qzg2jsz6 233 12 to to IN cord-027960-qzg2jsz6 233 13 a a DT cord-027960-qzg2jsz6 233 14 massive massive JJ cord-027960-qzg2jsz6 233 15 bubble bubble NN cord-027960-qzg2jsz6 233 16 in in IN cord-027960-qzg2jsz6 233 17 the the DT cord-027960-qzg2jsz6 233 18 real real JJ cord-027960-qzg2jsz6 233 19 estate estate NN cord-027960-qzg2jsz6 233 20 market market NN cord-027960-qzg2jsz6 233 21 , , , cord-027960-qzg2jsz6 233 22 consumption consumption NN cord-027960-qzg2jsz6 233 23 , , , cord-027960-qzg2jsz6 233 24 and and CC cord-027960-qzg2jsz6 233 25 unsustainable unsustainable JJ cord-027960-qzg2jsz6 233 26 levels level NNS cord-027960-qzg2jsz6 233 27 of of IN cord-027960-qzg2jsz6 233 28 borrowing borrowing NN cord-027960-qzg2jsz6 233 29 . . . cord-027960-qzg2jsz6 234 1 The the DT cord-027960-qzg2jsz6 234 2 bursting bursting NN cord-027960-qzg2jsz6 234 3 of of IN cord-027960-qzg2jsz6 234 4 that that DT cord-027960-qzg2jsz6 234 5 bubble bubble NN cord-027960-qzg2jsz6 234 6 contracted contract VBD cord-027960-qzg2jsz6 234 7 the the DT cord-027960-qzg2jsz6 234 8 country country NN cord-027960-qzg2jsz6 234 9 's 's POS cord-027960-qzg2jsz6 234 10 real real JJ cord-027960-qzg2jsz6 234 11 economy economy NN cord-027960-qzg2jsz6 234 12 and and CC cord-027960-qzg2jsz6 234 13 it -PRON- PRP cord-027960-qzg2jsz6 234 14 brought bring VBD cord-027960-qzg2jsz6 234 15 down down RP cord-027960-qzg2jsz6 234 16 the the DT cord-027960-qzg2jsz6 234 17 banks bank NNS cord-027960-qzg2jsz6 234 18 that that WDT cord-027960-qzg2jsz6 234 19 gambled gamble VBD cord-027960-qzg2jsz6 234 20 on on IN cord-027960-qzg2jsz6 234 21 loans loan NNS cord-027960-qzg2jsz6 234 22 to to IN cord-027960-qzg2jsz6 234 23 real real JJ cord-027960-qzg2jsz6 234 24 estate estate NN cord-027960-qzg2jsz6 234 25 developers developer NNS cord-027960-qzg2jsz6 234 26 and and CC cord-027960-qzg2jsz6 234 27 construction construction NN cord-027960-qzg2jsz6 234 28 companies company NNS cord-027960-qzg2jsz6 234 29 . . . cord-027960-qzg2jsz6 235 1 At at IN cord-027960-qzg2jsz6 235 2 the the DT cord-027960-qzg2jsz6 235 3 same same JJ cord-027960-qzg2jsz6 235 4 time time NN cord-027960-qzg2jsz6 235 5 , , , cord-027960-qzg2jsz6 235 6 as as IN cord-027960-qzg2jsz6 235 7 noted note VBN cord-027960-qzg2jsz6 235 8 above above RB cord-027960-qzg2jsz6 235 9 , , , cord-027960-qzg2jsz6 235 10 the the DT cord-027960-qzg2jsz6 235 11 economic economic JJ cord-027960-qzg2jsz6 235 12 boom boom NN cord-027960-qzg2jsz6 235 13 also also RB cord-027960-qzg2jsz6 235 14 generated generate VBD cord-027960-qzg2jsz6 235 15 large large JJ cord-027960-qzg2jsz6 235 16 losses loss NNS cord-027960-qzg2jsz6 235 17 in in IN cord-027960-qzg2jsz6 235 18 external external JJ cord-027960-qzg2jsz6 235 19 competitiveness competitiveness NN cord-027960-qzg2jsz6 235 20 that that WDT cord-027960-qzg2jsz6 235 21 Spain Spain NNP cord-027960-qzg2jsz6 235 22 failed fail VBD cord-027960-qzg2jsz6 235 23 to to TO cord-027960-qzg2jsz6 235 24 address address VB cord-027960-qzg2jsz6 235 25 . . . cord-027960-qzg2jsz6 236 1 Successive successive JJ cord-027960-qzg2jsz6 236 2 Spanish spanish JJ cord-027960-qzg2jsz6 236 3 governments government NNS cord-027960-qzg2jsz6 236 4 also also RB cord-027960-qzg2jsz6 236 5 missed miss VBD cord-027960-qzg2jsz6 236 6 the the DT cord-027960-qzg2jsz6 236 7 opportunity opportunity NN cord-027960-qzg2jsz6 236 8 to to TO cord-027960-qzg2jsz6 236 9 reform reform VB cord-027960-qzg2jsz6 236 10 institutions institution NNS cord-027960-qzg2jsz6 236 11 in in IN cord-027960-qzg2jsz6 236 12 their -PRON- PRP$ cord-027960-qzg2jsz6 236 13 labor labor NN cord-027960-qzg2jsz6 236 14 and and CC cord-027960-qzg2jsz6 236 15 product product NN cord-027960-qzg2jsz6 236 16 markets market NNS cord-027960-qzg2jsz6 236 17 . . . cord-027960-qzg2jsz6 237 1 As as IN cord-027960-qzg2jsz6 237 2 a a DT cord-027960-qzg2jsz6 237 3 result result NN cord-027960-qzg2jsz6 237 4 , , , cord-027960-qzg2jsz6 237 5 costs cost NNS cord-027960-qzg2jsz6 237 6 and and CC cord-027960-qzg2jsz6 237 7 prices price NNS cord-027960-qzg2jsz6 237 8 increased increase VBD cord-027960-qzg2jsz6 237 9 , , , cord-027960-qzg2jsz6 237 10 which which WDT cord-027960-qzg2jsz6 237 11 in in IN cord-027960-qzg2jsz6 237 12 turn turn NN cord-027960-qzg2jsz6 237 13 led lead VBD cord-027960-qzg2jsz6 237 14 to to IN cord-027960-qzg2jsz6 237 15 a a DT cord-027960-qzg2jsz6 237 16 loss loss NN cord-027960-qzg2jsz6 237 17 of of IN cord-027960-qzg2jsz6 237 18 competitiveness competitiveness NN cord-027960-qzg2jsz6 237 19 and and CC cord-027960-qzg2jsz6 237 20 large large JJ cord-027960-qzg2jsz6 237 21 trade trade NN cord-027960-qzg2jsz6 237 22 deficits deficit NNS cord-027960-qzg2jsz6 237 23 . . . cord-027960-qzg2jsz6 238 1 This this DT cord-027960-qzg2jsz6 238 2 unsustainable unsustainable JJ cord-027960-qzg2jsz6 238 3 situation situation NN cord-027960-qzg2jsz6 238 4 came come VBD cord-027960-qzg2jsz6 238 5 to to IN cord-027960-qzg2jsz6 238 6 the the DT cord-027960-qzg2jsz6 238 7 fore fore NN cord-027960-qzg2jsz6 238 8 when when WRB cord-027960-qzg2jsz6 238 9 the the DT cord-027960-qzg2jsz6 238 10 financial financial JJ cord-027960-qzg2jsz6 238 11 shocks shock NNS cord-027960-qzg2jsz6 238 12 that that WDT cord-027960-qzg2jsz6 238 13 followed follow VBD cord-027960-qzg2jsz6 238 14 the the DT cord-027960-qzg2jsz6 238 15 collapse collapse NN cord-027960-qzg2jsz6 238 16 of of IN cord-027960-qzg2jsz6 238 17 Lehman Lehman NNP cord-027960-qzg2jsz6 238 18 Brothers Brothers NNPS cord-027960-qzg2jsz6 238 19 in in IN cord-027960-qzg2jsz6 238 20 the the DT cord-027960-qzg2jsz6 238 21 fall fall NN cord-027960-qzg2jsz6 238 22 of of IN cord-027960-qzg2jsz6 238 23 2007 2007 CD cord-027960-qzg2jsz6 238 24 brought bring VBD cord-027960-qzg2jsz6 238 25 " " `` cord-027960-qzg2jsz6 238 26 sudden sudden JJ cord-027960-qzg2jsz6 238 27 stops stop NNS cord-027960-qzg2jsz6 238 28 " " '' cord-027960-qzg2jsz6 238 29 in in IN cord-027960-qzg2jsz6 238 30 lending lending NN cord-027960-qzg2jsz6 238 31 across across IN cord-027960-qzg2jsz6 238 32 the the DT cord-027960-qzg2jsz6 238 33 world world NN cord-027960-qzg2jsz6 238 34 , , , cord-027960-qzg2jsz6 238 35 leading lead VBG cord-027960-qzg2jsz6 238 36 to to IN cord-027960-qzg2jsz6 238 37 a a DT cord-027960-qzg2jsz6 238 38 collapse collapse NN cord-027960-qzg2jsz6 238 39 in in IN cord-027960-qzg2jsz6 238 40 private private JJ cord-027960-qzg2jsz6 238 41 borrowing borrowing NN cord-027960-qzg2jsz6 238 42 and and CC cord-027960-qzg2jsz6 238 43 spending spending NN cord-027960-qzg2jsz6 238 44 , , , cord-027960-qzg2jsz6 238 45 and and CC cord-027960-qzg2jsz6 238 46 a a DT cord-027960-qzg2jsz6 238 47 wave wave NN cord-027960-qzg2jsz6 238 48 of of IN cord-027960-qzg2jsz6 238 49 fiscal fiscal JJ cord-027960-qzg2jsz6 238 50 crisis crisis NN cord-027960-qzg2jsz6 238 51 . . . cord-027960-qzg2jsz6 239 1 A a DT cord-027960-qzg2jsz6 239 2 third third JJ cord-027960-qzg2jsz6 239 3 problem problem NN cord-027960-qzg2jsz6 239 4 had have VBD cord-027960-qzg2jsz6 239 5 to to TO cord-027960-qzg2jsz6 239 6 do do VB cord-027960-qzg2jsz6 239 7 with with IN cord-027960-qzg2jsz6 239 8 the the DT cord-027960-qzg2jsz6 239 9 banks bank NNS cord-027960-qzg2jsz6 239 10 . . . cord-027960-qzg2jsz6 240 1 As as IN cord-027960-qzg2jsz6 240 2 we -PRON- PRP cord-027960-qzg2jsz6 240 3 will will MD cord-027960-qzg2jsz6 240 4 see see VB cord-027960-qzg2jsz6 240 5 in in IN cord-027960-qzg2jsz6 240 6 much much RB cord-027960-qzg2jsz6 240 7 greater great JJR cord-027960-qzg2jsz6 240 8 detail detail NN cord-027960-qzg2jsz6 240 9 later later RB cord-027960-qzg2jsz6 240 10 in in IN cord-027960-qzg2jsz6 240 11 the the DT cord-027960-qzg2jsz6 240 12 book book NN cord-027960-qzg2jsz6 240 13 , , , cord-027960-qzg2jsz6 240 14 this this DT cord-027960-qzg2jsz6 240 15 problem problem NN cord-027960-qzg2jsz6 240 16 was be VBD cord-027960-qzg2jsz6 240 17 slow slow JJ cord-027960-qzg2jsz6 240 18 to to TO cord-027960-qzg2jsz6 240 19 develop develop VB cord-027960-qzg2jsz6 240 20 . . . cord-027960-qzg2jsz6 241 1 Between between IN cord-027960-qzg2jsz6 241 2 2008 2008 CD cord-027960-qzg2jsz6 241 3 and and CC cord-027960-qzg2jsz6 241 4 2010 2010 CD cord-027960-qzg2jsz6 241 5 , , , cord-027960-qzg2jsz6 241 6 the the DT cord-027960-qzg2jsz6 241 7 Spanish spanish JJ cord-027960-qzg2jsz6 241 8 financial financial JJ cord-027960-qzg2jsz6 241 9 system system NN cord-027960-qzg2jsz6 241 10 , , , cord-027960-qzg2jsz6 241 11 despite despite IN cord-027960-qzg2jsz6 241 12 all all PDT cord-027960-qzg2jsz6 241 13 its -PRON- PRP$ cord-027960-qzg2jsz6 241 14 problems problem NNS cord-027960-qzg2jsz6 241 15 , , , cord-027960-qzg2jsz6 241 16 was be VBD cord-027960-qzg2jsz6 241 17 still still RB cord-027960-qzg2jsz6 241 18 one one CD cord-027960-qzg2jsz6 241 19 of of IN cord-027960-qzg2jsz6 241 20 the the DT cord-027960-qzg2jsz6 241 21 least least RBS cord-027960-qzg2jsz6 241 22 affected affect VBN cord-027960-qzg2jsz6 241 23 by by IN cord-027960-qzg2jsz6 241 24 the the DT cord-027960-qzg2jsz6 241 25 crisis crisis NN cord-027960-qzg2jsz6 241 26 in in IN cord-027960-qzg2jsz6 241 27 Europe Europe NNP cord-027960-qzg2jsz6 241 28 . . . cord-027960-qzg2jsz6 242 1 During during IN cord-027960-qzg2jsz6 242 2 that that DT cord-027960-qzg2jsz6 242 3 period period NN cord-027960-qzg2jsz6 242 4 , , , cord-027960-qzg2jsz6 242 5 of of IN cord-027960-qzg2jsz6 242 6 the the DT cord-027960-qzg2jsz6 242 7 40 40 CD cord-027960-qzg2jsz6 242 8 financial financial JJ cord-027960-qzg2jsz6 242 9 institutions institution NNS cord-027960-qzg2jsz6 242 10 that that WDT cord-027960-qzg2jsz6 242 11 received receive VBD cord-027960-qzg2jsz6 242 12 direct direct JJ cord-027960-qzg2jsz6 242 13 assistance assistance NN cord-027960-qzg2jsz6 242 14 from from IN cord-027960-qzg2jsz6 242 15 Brussels Brussels NNP cord-027960-qzg2jsz6 242 16 , , , cord-027960-qzg2jsz6 242 17 none none NN cord-027960-qzg2jsz6 242 18 was be VBD cord-027960-qzg2jsz6 242 19 from from IN cord-027960-qzg2jsz6 242 20 Spain Spain NNP cord-027960-qzg2jsz6 242 21 . . . cord-027960-qzg2jsz6 243 1 In in IN cord-027960-qzg2jsz6 243 2 December December NNP cord-027960-qzg2jsz6 243 3 2010 2010 CD cord-027960-qzg2jsz6 243 4 , , , cord-027960-qzg2jsz6 243 5 Moody Moody NNP cord-027960-qzg2jsz6 243 6 's 's POS cord-027960-qzg2jsz6 243 7 ranked rank VBD cord-027960-qzg2jsz6 243 8 the the DT cord-027960-qzg2jsz6 243 9 Spanish spanish JJ cord-027960-qzg2jsz6 243 10 banking banking NN cord-027960-qzg2jsz6 243 11 system system NN cord-027960-qzg2jsz6 243 12 as as IN cord-027960-qzg2jsz6 243 13 the the DT cord-027960-qzg2jsz6 243 14 third third JJ cord-027960-qzg2jsz6 243 15 strongest strong JJS cord-027960-qzg2jsz6 243 16 of of IN cord-027960-qzg2jsz6 243 17 the the DT cord-027960-qzg2jsz6 243 18 Eurozone Eurozone NNP cord-027960-qzg2jsz6 243 19 , , , cord-027960-qzg2jsz6 243 20 only only RB cord-027960-qzg2jsz6 243 21 behind behind IN cord-027960-qzg2jsz6 243 22 Finland Finland NNP cord-027960-qzg2jsz6 243 23 and and CC cord-027960-qzg2jsz6 243 24 France France NNP cord-027960-qzg2jsz6 243 25 , , , cord-027960-qzg2jsz6 243 26 above above IN cord-027960-qzg2jsz6 243 27 the the DT cord-027960-qzg2jsz6 243 28 Netherlands Netherlands NNP cord-027960-qzg2jsz6 243 29 and and CC cord-027960-qzg2jsz6 243 30 Germany Germany NNP cord-027960-qzg2jsz6 243 31 , , , cord-027960-qzg2jsz6 243 32 and and CC cord-027960-qzg2jsz6 243 33 well well RB cord-027960-qzg2jsz6 243 34 ahead ahead RB cord-027960-qzg2jsz6 243 35 of of IN cord-027960-qzg2jsz6 243 36 Portugal Portugal NNP cord-027960-qzg2jsz6 243 37 , , , cord-027960-qzg2jsz6 243 38 Ireland Ireland NNP cord-027960-qzg2jsz6 243 39 , , , cord-027960-qzg2jsz6 243 40 and and CC cord-027960-qzg2jsz6 243 41 Greece Greece NNP cord-027960-qzg2jsz6 243 42 . . . cord-027960-qzg2jsz6 244 1 Finally finally RB cord-027960-qzg2jsz6 244 2 , , , cord-027960-qzg2jsz6 244 3 Santander Santander NNP cord-027960-qzg2jsz6 244 4 and and CC cord-027960-qzg2jsz6 244 5 BBVA BBVA NNP cord-027960-qzg2jsz6 244 6 had have VBD cord-027960-qzg2jsz6 244 7 shown show VBN cord-027960-qzg2jsz6 244 8 new new JJ cord-027960-qzg2jsz6 244 9 strength strength NN cord-027960-qzg2jsz6 244 10 with with IN cord-027960-qzg2jsz6 244 11 profits profit NNS cord-027960-qzg2jsz6 244 12 of of IN cord-027960-qzg2jsz6 244 13 e4.4 e4.4 JJ cord-027960-qzg2jsz6 244 14 billion billion CD cord-027960-qzg2jsz6 244 15 and and CC cord-027960-qzg2jsz6 244 16 e2.8 e2.8 JJ cord-027960-qzg2jsz6 244 17 billion billion CD cord-027960-qzg2jsz6 244 18 , , , cord-027960-qzg2jsz6 244 19 respectively respectively RB cord-027960-qzg2jsz6 244 20 , , , cord-027960-qzg2jsz6 244 21 during during IN cord-027960-qzg2jsz6 244 22 the the DT cord-027960-qzg2jsz6 244 23 first first JJ cord-027960-qzg2jsz6 244 24 half half NN cord-027960-qzg2jsz6 244 25 of of IN cord-027960-qzg2jsz6 244 26 2010 2010 CD cord-027960-qzg2jsz6 244 27 . . . cord-027960-qzg2jsz6 245 1 Spanish spanish JJ cord-027960-qzg2jsz6 245 2 regulators regulator NNS cord-027960-qzg2jsz6 245 3 had have VBD cord-027960-qzg2jsz6 245 4 put put VBN cord-027960-qzg2jsz6 245 5 in in IN cord-027960-qzg2jsz6 245 6 place place NN cord-027960-qzg2jsz6 245 7 regulatory regulatory JJ cord-027960-qzg2jsz6 245 8 and and CC cord-027960-qzg2jsz6 245 9 supervisory supervisory JJ cord-027960-qzg2jsz6 245 10 frameworks framework NNS cord-027960-qzg2jsz6 245 11 , , , cord-027960-qzg2jsz6 245 12 which which WDT cord-027960-qzg2jsz6 245 13 initially initially RB cord-027960-qzg2jsz6 245 14 shielded shield VBD cord-027960-qzg2jsz6 245 15 the the DT cord-027960-qzg2jsz6 245 16 Spanish spanish JJ cord-027960-qzg2jsz6 245 17 financial financial JJ cord-027960-qzg2jsz6 245 18 system system NN cord-027960-qzg2jsz6 245 19 from from IN cord-027960-qzg2jsz6 245 20 the the DT cord-027960-qzg2jsz6 245 21 direct direct JJ cord-027960-qzg2jsz6 245 22 effects effect NNS cord-027960-qzg2jsz6 245 23 of of IN cord-027960-qzg2jsz6 245 24 the the DT cord-027960-qzg2jsz6 245 25 global global JJ cord-027960-qzg2jsz6 245 26 financial financial JJ cord-027960-qzg2jsz6 245 27 crisis crisis NN cord-027960-qzg2jsz6 245 28 . . . cord-027960-qzg2jsz6 246 1 Indeed indeed RB cord-027960-qzg2jsz6 246 2 , , , cord-027960-qzg2jsz6 246 3 the the DT cord-027960-qzg2jsz6 246 4 Bank Bank NNP cord-027960-qzg2jsz6 246 5 of of IN cord-027960-qzg2jsz6 246 6 Spain Spain NNP cord-027960-qzg2jsz6 246 7 had have VBD cord-027960-qzg2jsz6 246 8 imposed impose VBN cord-027960-qzg2jsz6 246 9 a a DT cord-027960-qzg2jsz6 246 10 regulatory regulatory JJ cord-027960-qzg2jsz6 246 11 framework framework NN cord-027960-qzg2jsz6 246 12 that that WDT cord-027960-qzg2jsz6 246 13 required require VBD cord-027960-qzg2jsz6 246 14 higher high JJR cord-027960-qzg2jsz6 246 15 provisioning provisioning NN cord-027960-qzg2jsz6 246 16 , , , cord-027960-qzg2jsz6 246 17 which which WDT cord-027960-qzg2jsz6 246 18 provided provide VBD cord-027960-qzg2jsz6 246 19 cushions cushion NNS cord-027960-qzg2jsz6 246 20 to to IN cord-027960-qzg2jsz6 246 21 Spanish spanish JJ cord-027960-qzg2jsz6 246 22 banks bank NNS cord-027960-qzg2jsz6 246 23 to to TO cord-027960-qzg2jsz6 246 24 initially initially RB cord-027960-qzg2jsz6 246 25 absorb absorb VB cord-027960-qzg2jsz6 246 26 the the DT cord-027960-qzg2jsz6 246 27 losses loss NNS cord-027960-qzg2jsz6 246 28 caused cause VBN cord-027960-qzg2jsz6 246 29 by by IN cord-027960-qzg2jsz6 246 30 the the DT cord-027960-qzg2jsz6 246 31 onset onset NN cord-027960-qzg2jsz6 246 32 of of IN cord-027960-qzg2jsz6 246 33 the the DT cord-027960-qzg2jsz6 246 34 global global JJ cord-027960-qzg2jsz6 246 35 financial financial JJ cord-027960-qzg2jsz6 246 36 crisis crisis NN cord-027960-qzg2jsz6 246 37 . . . cord-027960-qzg2jsz6 247 1 And and CC cord-027960-qzg2jsz6 247 2 there there EX cord-027960-qzg2jsz6 247 3 were be VBD cord-027960-qzg2jsz6 247 4 no no DT cord-027960-qzg2jsz6 247 5 toxic toxic JJ cord-027960-qzg2jsz6 247 6 assets asset NNS cord-027960-qzg2jsz6 247 7 in in IN cord-027960-qzg2jsz6 247 8 bank´s bank´s NNP cord-027960-qzg2jsz6 247 9 balance balance NN cord-027960-qzg2jsz6 247 10 sheets sheet NNS cord-027960-qzg2jsz6 247 11 . . . cord-027960-qzg2jsz6 248 1 Nevertheless nevertheless RB cord-027960-qzg2jsz6 248 2 , , , cord-027960-qzg2jsz6 248 3 this this DT cord-027960-qzg2jsz6 248 4 success success NN cord-027960-qzg2jsz6 248 5 proved prove VBD cord-027960-qzg2jsz6 248 6 short short RB cord-027960-qzg2jsz6 248 7 - - HYPH cord-027960-qzg2jsz6 248 8 lived lived JJ cord-027960-qzg2jsz6 248 9 . . . cord-027960-qzg2jsz6 249 1 In in IN cord-027960-qzg2jsz6 249 2 the the DT cord-027960-qzg2jsz6 249 3 summer summer NN cord-027960-qzg2jsz6 249 4 of of IN cord-027960-qzg2jsz6 249 5 2012 2012 CD cord-027960-qzg2jsz6 249 6 , , , cord-027960-qzg2jsz6 249 7 Spanish spanish JJ cord-027960-qzg2jsz6 249 8 financial financial JJ cord-027960-qzg2jsz6 249 9 institutions institution NNS cord-027960-qzg2jsz6 249 10 seemed seem VBD cord-027960-qzg2jsz6 249 11 to to TO cord-027960-qzg2jsz6 249 12 be be VB cord-027960-qzg2jsz6 249 13 on on IN cord-027960-qzg2jsz6 249 14 the the DT cord-027960-qzg2jsz6 249 15 brink brink NN cord-027960-qzg2jsz6 249 16 of of IN cord-027960-qzg2jsz6 249 17 collapse collapse NN cord-027960-qzg2jsz6 249 18 and and CC cord-027960-qzg2jsz6 249 19 the the DT cord-027960-qzg2jsz6 249 20 crisis crisis NN cord-027960-qzg2jsz6 249 21 of of IN cord-027960-qzg2jsz6 249 22 the the DT cord-027960-qzg2jsz6 249 23 sector sector NN cord-027960-qzg2jsz6 249 24 forced force VBD cord-027960-qzg2jsz6 249 25 the the DT cord-027960-qzg2jsz6 249 26 European European NNP cord-027960-qzg2jsz6 249 27 Union Union NNP cord-027960-qzg2jsz6 249 28 in in IN cord-027960-qzg2jsz6 249 29 June June NNP cord-027960-qzg2jsz6 249 30 ( ( -LRB- cord-027960-qzg2jsz6 249 31 2012 2012 CD cord-027960-qzg2jsz6 249 32 ) ) -RRB- cord-027960-qzg2jsz6 249 33 to to TO cord-027960-qzg2jsz6 249 34 devise devise VB cord-027960-qzg2jsz6 249 35 an an DT cord-027960-qzg2jsz6 249 36 emergency emergency NN cord-027960-qzg2jsz6 249 37 e100 e100 NNP cord-027960-qzg2jsz6 249 38 billion billion CD cord-027960-qzg2jsz6 249 39 rescue rescue NN cord-027960-qzg2jsz6 249 40 plan plan NN cord-027960-qzg2jsz6 249 41 for for IN cord-027960-qzg2jsz6 249 42 the the DT cord-027960-qzg2jsz6 249 43 Spanish spanish JJ cord-027960-qzg2jsz6 249 44 banking banking NN cord-027960-qzg2jsz6 249 45 sector sector NN cord-027960-qzg2jsz6 249 46 ( ( -LRB- cord-027960-qzg2jsz6 249 47 see see VB cord-027960-qzg2jsz6 249 48 Chapter chapter NN cord-027960-qzg2jsz6 249 49 1 1 CD cord-027960-qzg2jsz6 249 50 ) ) -RRB- cord-027960-qzg2jsz6 249 51 . . . cord-027960-qzg2jsz6 250 1 When when WRB cord-027960-qzg2jsz6 250 2 the the DT cord-027960-qzg2jsz6 250 3 crisis crisis NN cord-027960-qzg2jsz6 250 4 intensified intensify VBD cord-027960-qzg2jsz6 250 5 , , , cord-027960-qzg2jsz6 250 6 the the DT cord-027960-qzg2jsz6 250 7 financial financial JJ cord-027960-qzg2jsz6 250 8 system system NN cord-027960-qzg2jsz6 250 9 was be VBD cord-027960-qzg2jsz6 250 10 not not RB cord-027960-qzg2jsz6 250 11 able able JJ cord-027960-qzg2jsz6 250 12 to to TO cord-027960-qzg2jsz6 250 13 escape escape VB cord-027960-qzg2jsz6 250 14 its -PRON- PRP$ cord-027960-qzg2jsz6 250 15 dramatic dramatic JJ cord-027960-qzg2jsz6 250 16 effects effect NNS cord-027960-qzg2jsz6 250 17 . . . cord-027960-qzg2jsz6 251 1 By by IN cord-027960-qzg2jsz6 251 2 September September NNP cord-027960-qzg2jsz6 251 3 2012 2012 CD cord-027960-qzg2jsz6 251 4 , , , cord-027960-qzg2jsz6 251 5 the the DT cord-027960-qzg2jsz6 251 6 problem problem NN cord-027960-qzg2jsz6 251 7 with with IN cord-027960-qzg2jsz6 251 8 toxic toxic JJ cord-027960-qzg2jsz6 251 9 real real JJ cord-027960-qzg2jsz6 251 10 estate estate NN cord-027960-qzg2jsz6 251 11 assets asset NNS cord-027960-qzg2jsz6 251 12 forced force VBD cord-027960-qzg2jsz6 251 13 the the DT cord-027960-qzg2jsz6 251 14 government government NN cord-027960-qzg2jsz6 251 15 to to TO cord-027960-qzg2jsz6 251 16 intervene intervene VB cord-027960-qzg2jsz6 251 17 and and CC cord-027960-qzg2jsz6 251 18 nationalize nationalize VB cord-027960-qzg2jsz6 251 19 eight eight CD cord-027960-qzg2jsz6 251 20 financial financial JJ cord-027960-qzg2jsz6 251 21 institutions institution NNS cord-027960-qzg2jsz6 251 22 . . . cord-027960-qzg2jsz6 252 1 Altogether altogether RB cord-027960-qzg2jsz6 252 2 , , , cord-027960-qzg2jsz6 252 3 by by IN cord-027960-qzg2jsz6 252 4 May May NNP cord-027960-qzg2jsz6 252 5 9 9 CD cord-027960-qzg2jsz6 252 6 , , , cord-027960-qzg2jsz6 252 7 2012 2012 CD cord-027960-qzg2jsz6 252 8 , , , cord-027960-qzg2jsz6 252 9 the the DT cord-027960-qzg2jsz6 252 10 reorganization reorganization NN cord-027960-qzg2jsz6 252 11 of of IN cord-027960-qzg2jsz6 252 12 the the DT cord-027960-qzg2jsz6 252 13 banking banking NN cord-027960-qzg2jsz6 252 14 sector sector NN cord-027960-qzg2jsz6 252 15 involved involve VBD cord-027960-qzg2jsz6 252 16 e115 e115 NNP cord-027960-qzg2jsz6 252 17 billion billion CD cord-027960-qzg2jsz6 252 18 in in IN cord-027960-qzg2jsz6 252 19 public public JJ cord-027960-qzg2jsz6 252 20 resources resource NNS cord-027960-qzg2jsz6 252 21 , , , cord-027960-qzg2jsz6 252 22 including include VBG cord-027960-qzg2jsz6 252 23 guarantees guarantee NNS cord-027960-qzg2jsz6 252 24 . . . cord-027960-qzg2jsz6 253 1 As as IN cord-027960-qzg2jsz6 253 2 we -PRON- PRP cord-027960-qzg2jsz6 253 3 will will MD cord-027960-qzg2jsz6 253 4 examine examine VB cord-027960-qzg2jsz6 253 5 later later RB cord-027960-qzg2jsz6 253 6 in in IN cord-027960-qzg2jsz6 253 7 the the DT cord-027960-qzg2jsz6 253 8 book book NN cord-027960-qzg2jsz6 253 9 , , , cord-027960-qzg2jsz6 253 10 there there EX cord-027960-qzg2jsz6 253 11 are be VBP cord-027960-qzg2jsz6 253 12 a a DT cord-027960-qzg2jsz6 253 13 number number NN cord-027960-qzg2jsz6 253 14 of of IN cord-027960-qzg2jsz6 253 15 factors factor NNS cord-027960-qzg2jsz6 253 16 that that WDT cord-027960-qzg2jsz6 253 17 help help VBP cord-027960-qzg2jsz6 253 18 account account VB cord-027960-qzg2jsz6 253 19 for for IN cord-027960-qzg2jsz6 253 20 the the DT cord-027960-qzg2jsz6 253 21 deteriorating deteriorate VBG cord-027960-qzg2jsz6 253 22 performance performance NN cord-027960-qzg2jsz6 253 23 of of IN cord-027960-qzg2jsz6 253 24 the the DT cord-027960-qzg2jsz6 253 25 Spanish spanish JJ cord-027960-qzg2jsz6 253 26 banks bank NNS cord-027960-qzg2jsz6 253 27 after after IN cord-027960-qzg2jsz6 253 28 2009 2009 CD cord-027960-qzg2jsz6 253 29 . . . cord-027960-qzg2jsz6 254 1 The the DT cord-027960-qzg2jsz6 254 2 first first JJ cord-027960-qzg2jsz6 254 3 was be VBD cord-027960-qzg2jsz6 254 4 the the DT cord-027960-qzg2jsz6 254 5 direct direct JJ cord-027960-qzg2jsz6 254 6 effect effect NN cord-027960-qzg2jsz6 254 7 of of IN cord-027960-qzg2jsz6 254 8 the the DT cord-027960-qzg2jsz6 254 9 economic economic JJ cord-027960-qzg2jsz6 254 10 crisis crisis NN cord-027960-qzg2jsz6 254 11 . . . cord-027960-qzg2jsz6 255 1 The the DT cord-027960-qzg2jsz6 255 2 deterioration deterioration NN cord-027960-qzg2jsz6 255 3 in in IN cord-027960-qzg2jsz6 255 4 economic economic JJ cord-027960-qzg2jsz6 255 5 conditions condition NNS cord-027960-qzg2jsz6 255 6 had have VBD cord-027960-qzg2jsz6 255 7 a a DT cord-027960-qzg2jsz6 255 8 severe severe JJ cord-027960-qzg2jsz6 255 9 impact impact NN cord-027960-qzg2jsz6 255 10 on on IN cord-027960-qzg2jsz6 255 11 the the DT cord-027960-qzg2jsz6 255 12 bank bank NN cord-027960-qzg2jsz6 255 13 balance balance NN cord-027960-qzg2jsz6 255 14 sheets sheet NNS cord-027960-qzg2jsz6 255 15 . . . cord-027960-qzg2jsz6 256 1 The the DT cord-027960-qzg2jsz6 256 2 deep deep JJ cord-027960-qzg2jsz6 256 3 recession recession NN cord-027960-qzg2jsz6 256 4 and and CC cord-027960-qzg2jsz6 256 5 record record NN cord-027960-qzg2jsz6 256 6 - - HYPH cord-027960-qzg2jsz6 256 7 high high JJ cord-027960-qzg2jsz6 256 8 unemployment unemployment NN cord-027960-qzg2jsz6 256 9 triggered trigger VBD cord-027960-qzg2jsz6 256 10 successive successive JJ cord-027960-qzg2jsz6 256 11 waves wave NNS cord-027960-qzg2jsz6 256 12 of of IN cord-027960-qzg2jsz6 256 13 loan loan NN cord-027960-qzg2jsz6 256 14 losses loss NNS cord-027960-qzg2jsz6 256 15 in in IN cord-027960-qzg2jsz6 256 16 the the DT cord-027960-qzg2jsz6 256 17 Spanish spanish JJ cord-027960-qzg2jsz6 256 18 mortgage mortgage NN cord-027960-qzg2jsz6 256 19 market market NN cord-027960-qzg2jsz6 256 20 coupled couple VBN cord-027960-qzg2jsz6 256 21 with with IN cord-027960-qzg2jsz6 256 22 a a DT cord-027960-qzg2jsz6 256 23 rising rise VBG cord-027960-qzg2jsz6 256 24 share share NN cord-027960-qzg2jsz6 256 25 of of IN cord-027960-qzg2jsz6 256 26 nonperforming nonperforme VBG cord-027960-qzg2jsz6 256 27 loans loan NNS cord-027960-qzg2jsz6 256 28 . . . cord-027960-qzg2jsz6 257 1 Like like IN cord-027960-qzg2jsz6 257 2 many many JJ cord-027960-qzg2jsz6 257 3 other other JJ cord-027960-qzg2jsz6 257 4 countries country NNS cord-027960-qzg2jsz6 257 5 such such JJ cord-027960-qzg2jsz6 257 6 as as IN cord-027960-qzg2jsz6 257 7 the the DT cord-027960-qzg2jsz6 257 8 United United NNP cord-027960-qzg2jsz6 257 9 States States NNP cord-027960-qzg2jsz6 257 10 , , , cord-027960-qzg2jsz6 257 11 Spain Spain NNP cord-027960-qzg2jsz6 257 12 had have VBD cord-027960-qzg2jsz6 257 13 a a DT cord-027960-qzg2jsz6 257 14 huge huge JJ cord-027960-qzg2jsz6 257 15 property property NN cord-027960-qzg2jsz6 257 16 bubble bubble NN cord-027960-qzg2jsz6 257 17 that that WDT cord-027960-qzg2jsz6 257 18 burst burst VBD cord-027960-qzg2jsz6 257 19 . . . cord-027960-qzg2jsz6 258 1 Land land NN cord-027960-qzg2jsz6 258 2 prices price NNS cord-027960-qzg2jsz6 258 3 increased increase VBD cord-027960-qzg2jsz6 258 4 500 500 CD cord-027960-qzg2jsz6 258 5 % % NN cord-027960-qzg2jsz6 258 6 in in IN cord-027960-qzg2jsz6 258 7 Spain Spain NNP cord-027960-qzg2jsz6 258 8 between between IN cord-027960-qzg2jsz6 258 9 1997 1997 CD cord-027960-qzg2jsz6 258 10 and and CC cord-027960-qzg2jsz6 258 11 2007 2007 CD cord-027960-qzg2jsz6 258 12 , , , cord-027960-qzg2jsz6 258 13 the the DT cord-027960-qzg2jsz6 258 14 largest large JJS cord-027960-qzg2jsz6 258 15 increase increase NN cord-027960-qzg2jsz6 258 16 among among IN cord-027960-qzg2jsz6 258 17 the the DT cord-027960-qzg2jsz6 258 18 OECD OECD NNP cord-027960-qzg2jsz6 258 19 countries country NNS cord-027960-qzg2jsz6 258 20 . . . cord-027960-qzg2jsz6 259 1 As as IN cord-027960-qzg2jsz6 259 2 a a DT cord-027960-qzg2jsz6 259 3 result result NN cord-027960-qzg2jsz6 259 4 of of IN cord-027960-qzg2jsz6 259 5 the the DT cord-027960-qzg2jsz6 259 6 collapse collapse NN cord-027960-qzg2jsz6 259 7 of of IN cord-027960-qzg2jsz6 259 8 the the DT cord-027960-qzg2jsz6 259 9 real real JJ cord-027960-qzg2jsz6 259 10 estate estate NN cord-027960-qzg2jsz6 259 11 sector sector NN cord-027960-qzg2jsz6 259 12 had have VBD cord-027960-qzg2jsz6 259 13 a a DT cord-027960-qzg2jsz6 259 14 profound profound JJ cord-027960-qzg2jsz6 259 15 effect effect NN cord-027960-qzg2jsz6 259 16 in in IN cord-027960-qzg2jsz6 259 17 banks bank NNS cord-027960-qzg2jsz6 259 18 : : : cord-027960-qzg2jsz6 259 19 Five five CD cord-027960-qzg2jsz6 259 20 years year NNS cord-027960-qzg2jsz6 259 21 after after IN cord-027960-qzg2jsz6 259 22 the the DT cord-027960-qzg2jsz6 259 23 crisis crisis NN cord-027960-qzg2jsz6 259 24 started start VBD cord-027960-qzg2jsz6 259 25 , , , cord-027960-qzg2jsz6 259 26 the the DT cord-027960-qzg2jsz6 259 27 quality quality NN cord-027960-qzg2jsz6 259 28 of of IN cord-027960-qzg2jsz6 259 29 Spanish spanish JJ cord-027960-qzg2jsz6 259 30 banking banking NN cord-027960-qzg2jsz6 259 31 assets asset NNS cord-027960-qzg2jsz6 259 32 continued continue VBD cord-027960-qzg2jsz6 259 33 to to TO cord-027960-qzg2jsz6 259 34 plummet plummet VB cord-027960-qzg2jsz6 259 35 . . . cord-027960-qzg2jsz6 260 1 The the DT cord-027960-qzg2jsz6 260 2 Bank Bank NNP cord-027960-qzg2jsz6 260 3 of of IN cord-027960-qzg2jsz6 260 4 Spain Spain NNP cord-027960-qzg2jsz6 260 5 classified classify VBD cord-027960-qzg2jsz6 260 6 e180 e180 NNP cord-027960-qzg2jsz6 260 7 billion billion CD cord-027960-qzg2jsz6 260 8 euros euro NNS cord-027960-qzg2jsz6 260 9 as as IN cord-027960-qzg2jsz6 260 10 troubled troubled JJ cord-027960-qzg2jsz6 260 11 assets asset NNS cord-027960-qzg2jsz6 260 12 at at IN cord-027960-qzg2jsz6 260 13 the the DT cord-027960-qzg2jsz6 260 14 end end NN cord-027960-qzg2jsz6 260 15 of of IN cord-027960-qzg2jsz6 260 16 2011 2011 CD cord-027960-qzg2jsz6 260 17 , , , cord-027960-qzg2jsz6 260 18 and and CC cord-027960-qzg2jsz6 260 19 banks bank NNS cord-027960-qzg2jsz6 260 20 were be VBD cord-027960-qzg2jsz6 260 21 sitting sit VBG cord-027960-qzg2jsz6 260 22 on on IN cord-027960-qzg2jsz6 260 23 e656 e656 NN cord-027960-qzg2jsz6 260 24 billion billion CD cord-027960-qzg2jsz6 260 25 of of IN cord-027960-qzg2jsz6 260 26 mortgages mortgage NNS cord-027960-qzg2jsz6 260 27 of of IN cord-027960-qzg2jsz6 260 28 which which WDT cord-027960-qzg2jsz6 260 29 2.8 2.8 CD cord-027960-qzg2jsz6 260 30 % % NN cord-027960-qzg2jsz6 260 31 were be VBD cord-027960-qzg2jsz6 260 32 classified classify VBN cord-027960-qzg2jsz6 260 33 as as IN cord-027960-qzg2jsz6 260 34 nonperforming nonperforme VBG cord-027960-qzg2jsz6 260 35 . . . cord-027960-qzg2jsz6 261 1 A a DT cord-027960-qzg2jsz6 261 2 second second JJ cord-027960-qzg2jsz6 261 3 factor factor NN cord-027960-qzg2jsz6 261 4 was be VBD cord-027960-qzg2jsz6 261 5 concern concern NN cord-027960-qzg2jsz6 261 6 over over IN cord-027960-qzg2jsz6 261 7 the the DT cord-027960-qzg2jsz6 261 8 country country NN cord-027960-qzg2jsz6 261 9 's 's POS cord-027960-qzg2jsz6 261 10 sovereign sovereign JJ cord-027960-qzg2jsz6 261 11 debt debt NN cord-027960-qzg2jsz6 261 12 . . . cord-027960-qzg2jsz6 262 1 As as IN cord-027960-qzg2jsz6 262 2 mentioned mention VBN cord-027960-qzg2jsz6 262 3 before before RB cord-027960-qzg2jsz6 262 4 , , , cord-027960-qzg2jsz6 262 5 the the DT cord-027960-qzg2jsz6 262 6 crisis crisis NN cord-027960-qzg2jsz6 262 7 in in IN cord-027960-qzg2jsz6 262 8 Spain Spain NNP cord-027960-qzg2jsz6 262 9 did do VBD cord-027960-qzg2jsz6 262 10 not not RB cord-027960-qzg2jsz6 262 11 originate originate VB cord-027960-qzg2jsz6 262 12 with with IN cord-027960-qzg2jsz6 262 13 mismanaged mismanage VBN cord-027960-qzg2jsz6 262 14 public public JJ cord-027960-qzg2jsz6 262 15 finances finance NNS cord-027960-qzg2jsz6 262 16 . . . cord-027960-qzg2jsz6 263 1 The the DT cord-027960-qzg2jsz6 263 2 crisis crisis NN cord-027960-qzg2jsz6 263 3 has have VBZ cord-027960-qzg2jsz6 263 4 largely largely RB cord-027960-qzg2jsz6 263 5 been be VBN cord-027960-qzg2jsz6 263 6 a a DT cord-027960-qzg2jsz6 263 7 problem problem NN cord-027960-qzg2jsz6 263 8 of of IN cord-027960-qzg2jsz6 263 9 ever ever RB cord-027960-qzg2jsz6 263 10 - - HYPH cord-027960-qzg2jsz6 263 11 growing grow VBG cord-027960-qzg2jsz6 263 12 private private JJ cord-027960-qzg2jsz6 263 13 sector sector NN cord-027960-qzg2jsz6 263 14 debt debt NN cord-027960-qzg2jsz6 263 15 , , , cord-027960-qzg2jsz6 263 16 compounded compound VBN cord-027960-qzg2jsz6 263 17 by by IN cord-027960-qzg2jsz6 263 18 reckless reckless JJ cord-027960-qzg2jsz6 263 19 bank bank NN cord-027960-qzg2jsz6 263 20 investments investment NNS cord-027960-qzg2jsz6 263 21 and and CC cord-027960-qzg2jsz6 263 22 loans loan NNS cord-027960-qzg2jsz6 263 23 , , , cord-027960-qzg2jsz6 263 24 particularly particularly RB cord-027960-qzg2jsz6 263 25 from from IN cord-027960-qzg2jsz6 263 26 the the DT cord-027960-qzg2jsz6 263 27 cajas caja NNS cord-027960-qzg2jsz6 263 28 , , , cord-027960-qzg2jsz6 263 29 as as RB cord-027960-qzg2jsz6 263 30 well well RB cord-027960-qzg2jsz6 263 31 as as IN cord-027960-qzg2jsz6 263 32 aggravated aggravate VBN cord-027960-qzg2jsz6 263 33 by by IN cord-027960-qzg2jsz6 263 34 competitiveness competitiveness NN cord-027960-qzg2jsz6 263 35 and and CC cord-027960-qzg2jsz6 263 36 current current JJ cord-027960-qzg2jsz6 263 37 account account NN cord-027960-qzg2jsz6 263 38 imbalances imbalance NNS cord-027960-qzg2jsz6 263 39 . . . cord-027960-qzg2jsz6 264 1 To to TO cord-027960-qzg2jsz6 264 2 place place VB cord-027960-qzg2jsz6 264 3 the the DT cord-027960-qzg2jsz6 264 4 problem problem NN cord-027960-qzg2jsz6 264 5 in in IN cord-027960-qzg2jsz6 264 6 perspective perspective NN cord-027960-qzg2jsz6 264 7 , , , cord-027960-qzg2jsz6 264 8 the the DT cord-027960-qzg2jsz6 264 9 gross gross JJ cord-027960-qzg2jsz6 264 10 debt debt NN cord-027960-qzg2jsz6 264 11 of of IN cord-027960-qzg2jsz6 264 12 household household NN cord-027960-qzg2jsz6 264 13 increased increase VBD cord-027960-qzg2jsz6 264 14 dramatically dramatically RB cord-027960-qzg2jsz6 264 15 in in IN cord-027960-qzg2jsz6 264 16 the the DT cord-027960-qzg2jsz6 264 17 decade decade NN cord-027960-qzg2jsz6 264 18 prior prior RB cord-027960-qzg2jsz6 264 19 to to IN cord-027960-qzg2jsz6 264 20 the the DT cord-027960-qzg2jsz6 264 21 crisis crisis NN cord-027960-qzg2jsz6 264 22 , , , cord-027960-qzg2jsz6 264 23 and and CC cord-027960-qzg2jsz6 264 24 by by IN cord-027960-qzg2jsz6 264 25 2009 2009 CD cord-027960-qzg2jsz6 264 26 it -PRON- PRP cord-027960-qzg2jsz6 264 27 was be VBD cord-027960-qzg2jsz6 264 28 20 20 CD cord-027960-qzg2jsz6 264 29 percentage percentage NN cord-027960-qzg2jsz6 264 30 points point NNS cord-027960-qzg2jsz6 264 31 higher high JJR cord-027960-qzg2jsz6 264 32 than than IN cord-027960-qzg2jsz6 264 33 the the DT cord-027960-qzg2jsz6 264 34 Eurozone eurozone NN cord-027960-qzg2jsz6 264 35 average average NN cord-027960-qzg2jsz6 264 36 ( ( -LRB- cord-027960-qzg2jsz6 264 37 86 86 CD cord-027960-qzg2jsz6 264 38 % % NN cord-027960-qzg2jsz6 264 39 of of IN cord-027960-qzg2jsz6 264 40 GDP GDP NNP cord-027960-qzg2jsz6 264 41 versus versus IN cord-027960-qzg2jsz6 264 42 66 66 CD cord-027960-qzg2jsz6 264 43 % % NN cord-027960-qzg2jsz6 264 44 ) ) -RRB- cord-027960-qzg2jsz6 264 45 . . . cord-027960-qzg2jsz6 265 1 But but CC cord-027960-qzg2jsz6 265 2 the the DT cord-027960-qzg2jsz6 265 3 austerity austerity NN cord-027960-qzg2jsz6 265 4 policies policy NNS cord-027960-qzg2jsz6 265 5 implemented implement VBN cord-027960-qzg2jsz6 265 6 since since IN cord-027960-qzg2jsz6 265 7 May May NNP cord-027960-qzg2jsz6 265 8 2010 2010 CD cord-027960-qzg2jsz6 265 9 aggravated aggravate VBD cord-027960-qzg2jsz6 265 10 the the DT cord-027960-qzg2jsz6 265 11 fiscal fiscal JJ cord-027960-qzg2jsz6 265 12 position position NN cord-027960-qzg2jsz6 265 13 of of IN cord-027960-qzg2jsz6 265 14 the the DT cord-027960-qzg2jsz6 265 15 country country NN cord-027960-qzg2jsz6 265 16 . . . cord-027960-qzg2jsz6 266 1 The the DT cord-027960-qzg2jsz6 266 2 ratio ratio NN cord-027960-qzg2jsz6 266 3 of of IN cord-027960-qzg2jsz6 266 4 Spain Spain NNP cord-027960-qzg2jsz6 266 5 's 's POS cord-027960-qzg2jsz6 266 6 debt debt NN cord-027960-qzg2jsz6 266 7 to to IN cord-027960-qzg2jsz6 266 8 its -PRON- PRP$ cord-027960-qzg2jsz6 266 9 economy economy NN cord-027960-qzg2jsz6 266 10 was be VBD cord-027960-qzg2jsz6 266 11 36 36 CD cord-027960-qzg2jsz6 266 12 % % NN cord-027960-qzg2jsz6 266 13 before before IN cord-027960-qzg2jsz6 266 14 the the DT cord-027960-qzg2jsz6 266 15 crisis crisis NN cord-027960-qzg2jsz6 266 16 and and CC cord-027960-qzg2jsz6 266 17 reached reach VBD cord-027960-qzg2jsz6 266 18 84 84 CD cord-027960-qzg2jsz6 266 19 % % NN cord-027960-qzg2jsz6 266 20 in in IN cord-027960-qzg2jsz6 266 21 2013 2013 CD cord-027960-qzg2jsz6 266 22 . . . cord-027960-qzg2jsz6 267 1 In in IN cord-027960-qzg2jsz6 267 2 sum sum NN cord-027960-qzg2jsz6 267 3 , , , cord-027960-qzg2jsz6 267 4 Spain Spain NNP cord-027960-qzg2jsz6 267 5 fell fall VBD cord-027960-qzg2jsz6 267 6 into into IN cord-027960-qzg2jsz6 267 7 the the DT cord-027960-qzg2jsz6 267 8 " " `` cord-027960-qzg2jsz6 267 9 doom doom NN cord-027960-qzg2jsz6 267 10 loop loop NN cord-027960-qzg2jsz6 267 11 " " '' cord-027960-qzg2jsz6 267 12 that that WDT cord-027960-qzg2jsz6 267 13 had have VBD cord-027960-qzg2jsz6 267 14 already already RB cord-027960-qzg2jsz6 267 15 afflicted afflict VBN cord-027960-qzg2jsz6 267 16 Greece Greece NNP cord-027960-qzg2jsz6 267 17 or or CC cord-027960-qzg2jsz6 267 18 Portugal Portugal NNP cord-027960-qzg2jsz6 267 19 and and CC cord-027960-qzg2jsz6 267 20 led lead VBD cord-027960-qzg2jsz6 267 21 to to IN cord-027960-qzg2jsz6 267 22 their -PRON- PRP$ cord-027960-qzg2jsz6 267 23 bailout bailout NN cord-027960-qzg2jsz6 267 24 . . . cord-027960-qzg2jsz6 268 1 The the DT cord-027960-qzg2jsz6 268 2 sustainability sustainability NN cord-027960-qzg2jsz6 268 3 of of IN cord-027960-qzg2jsz6 268 4 the the DT cord-027960-qzg2jsz6 268 5 Spanish spanish JJ cord-027960-qzg2jsz6 268 6 government government NN cord-027960-qzg2jsz6 268 7 debt debt NN cord-027960-qzg2jsz6 268 8 was be VBD cord-027960-qzg2jsz6 268 9 affecting affect VBG cord-027960-qzg2jsz6 268 10 Spanish spanish JJ cord-027960-qzg2jsz6 268 11 banks bank NNS cord-027960-qzg2jsz6 268 12 ( ( -LRB- cord-027960-qzg2jsz6 268 13 including include VBG cord-027960-qzg2jsz6 268 14 BBVA BBVA NNP cord-027960-qzg2jsz6 268 15 and and CC cord-027960-qzg2jsz6 268 16 Santander Santander NNP cord-027960-qzg2jsz6 268 17 ) ) -RRB- cord-027960-qzg2jsz6 268 18 because because IN cord-027960-qzg2jsz6 268 19 they -PRON- PRP cord-027960-qzg2jsz6 268 20 had have VBD cord-027960-qzg2jsz6 268 21 been be VBN cord-027960-qzg2jsz6 268 22 some some DT cord-027960-qzg2jsz6 268 23 of of IN cord-027960-qzg2jsz6 268 24 the the DT cord-027960-qzg2jsz6 268 25 biggest big JJS cord-027960-qzg2jsz6 268 26 buyers buyer NNS cord-027960-qzg2jsz6 268 27 of of IN cord-027960-qzg2jsz6 268 28 government government NN cord-027960-qzg2jsz6 268 29 debt debt NN cord-027960-qzg2jsz6 268 30 in in IN cord-027960-qzg2jsz6 268 31 the the DT cord-027960-qzg2jsz6 268 32 wake wake NN cord-027960-qzg2jsz6 268 33 of of IN cord-027960-qzg2jsz6 268 34 the the DT cord-027960-qzg2jsz6 268 35 ECB ECB NNP cord-027960-qzg2jsz6 268 36 long long JJ cord-027960-qzg2jsz6 268 37 - - HYPH cord-027960-qzg2jsz6 268 38 term term NN cord-027960-qzg2jsz6 268 39 refinancing refinance VBG cord-027960-qzg2jsz6 268 40 operation operation NN cord-027960-qzg2jsz6 268 41 liquidity liquidity NN cord-027960-qzg2jsz6 268 42 infusions infusion NNS cord-027960-qzg2jsz6 268 43 ( ( -LRB- cord-027960-qzg2jsz6 268 44 the the DT cord-027960-qzg2jsz6 268 45 percentage percentage NN cord-027960-qzg2jsz6 268 46 of of IN cord-027960-qzg2jsz6 268 47 government government NN cord-027960-qzg2jsz6 268 48 bond bond NN cord-027960-qzg2jsz6 268 49 owned own VBN cord-027960-qzg2jsz6 268 50 by by IN cord-027960-qzg2jsz6 268 51 domestic domestic JJ cord-027960-qzg2jsz6 268 52 banks bank NNS cord-027960-qzg2jsz6 268 53 reached reach VBD cord-027960-qzg2jsz6 268 54 30 30 CD cord-027960-qzg2jsz6 268 55 % % NN cord-027960-qzg2jsz6 268 56 in in IN cord-027960-qzg2jsz6 268 57 mid-2012 mid-2012 NN cord-027960-qzg2jsz6 268 58 ) ) -RRB- cord-027960-qzg2jsz6 268 59 . . . cord-027960-qzg2jsz6 269 1 Again again RB cord-027960-qzg2jsz6 269 2 , , , cord-027960-qzg2jsz6 269 3 the the DT cord-027960-qzg2jsz6 269 4 doom doom NN cord-027960-qzg2jsz6 269 5 loop loop NN cord-027960-qzg2jsz6 269 6 was be VBD cord-027960-qzg2jsz6 269 7 a a DT cord-027960-qzg2jsz6 269 8 result result NN cord-027960-qzg2jsz6 269 9 of of IN cord-027960-qzg2jsz6 269 10 EMU emu NN cord-027960-qzg2jsz6 269 11 weakness weakness NN cord-027960-qzg2jsz6 269 12 , , , cord-027960-qzg2jsz6 269 13 namely namely RB cord-027960-qzg2jsz6 269 14 the the DT cord-027960-qzg2jsz6 269 15 lack lack NN cord-027960-qzg2jsz6 269 16 of of IN cord-027960-qzg2jsz6 269 17 a a DT cord-027960-qzg2jsz6 269 18 banking banking NN cord-027960-qzg2jsz6 269 19 union union NN cord-027960-qzg2jsz6 269 20 with with IN cord-027960-qzg2jsz6 269 21 a a DT cord-027960-qzg2jsz6 269 22 centralized centralized JJ cord-027960-qzg2jsz6 269 23 EU EU NNP cord-027960-qzg2jsz6 269 24 funded fund VBN cord-027960-qzg2jsz6 269 25 mechanism mechanism NN cord-027960-qzg2jsz6 269 26 to to TO cord-027960-qzg2jsz6 269 27 bail bail VB cord-027960-qzg2jsz6 269 28 out out RP cord-027960-qzg2jsz6 269 29 banks bank NNS cord-027960-qzg2jsz6 269 30 . . . cord-027960-qzg2jsz6 270 1 Spanish spanish JJ cord-027960-qzg2jsz6 270 2 banks bank NNS cord-027960-qzg2jsz6 270 3 were be VBD cord-027960-qzg2jsz6 270 4 also also RB cord-027960-qzg2jsz6 270 5 suffering suffer VBG cord-027960-qzg2jsz6 270 6 the the DT cord-027960-qzg2jsz6 270 7 consequences consequence NNS cord-027960-qzg2jsz6 270 8 of of IN cord-027960-qzg2jsz6 270 9 their -PRON- PRP$ cord-027960-qzg2jsz6 270 10 dependence dependence NN cord-027960-qzg2jsz6 270 11 on on IN cord-027960-qzg2jsz6 270 12 wholesale wholesale JJ cord-027960-qzg2jsz6 270 13 funding funding NN cord-027960-qzg2jsz6 270 14 for for IN cord-027960-qzg2jsz6 270 15 liquidity liquidity NN cord-027960-qzg2jsz6 270 16 since since IN cord-027960-qzg2jsz6 270 17 the the DT cord-027960-qzg2jsz6 270 18 crisis crisis NN cord-027960-qzg2jsz6 270 19 started start VBD cord-027960-qzg2jsz6 270 20 , , , cord-027960-qzg2jsz6 270 21 and and CC cord-027960-qzg2jsz6 270 22 , , , cord-027960-qzg2jsz6 270 23 in in IN cord-027960-qzg2jsz6 270 24 particular particular JJ cord-027960-qzg2jsz6 270 25 , , , cord-027960-qzg2jsz6 270 26 their -PRON- PRP$ cord-027960-qzg2jsz6 270 27 dependence dependence NN cord-027960-qzg2jsz6 270 28 on on IN cord-027960-qzg2jsz6 270 29 international international JJ cord-027960-qzg2jsz6 270 30 wholesale wholesale JJ cord-027960-qzg2jsz6 270 31 financing financing NN cord-027960-qzg2jsz6 270 32 , , , cord-027960-qzg2jsz6 270 33 as as IN cord-027960-qzg2jsz6 270 34 40 40 CD cord-027960-qzg2jsz6 270 35 % % NN cord-027960-qzg2jsz6 270 36 of of IN cord-027960-qzg2jsz6 270 37 their -PRON- PRP$ cord-027960-qzg2jsz6 270 38 balance balance NN cord-027960-qzg2jsz6 270 39 depends depend VBZ cord-027960-qzg2jsz6 270 40 on on IN cord-027960-qzg2jsz6 270 41 funding funding NN cord-027960-qzg2jsz6 270 42 from from IN cord-027960-qzg2jsz6 270 43 international international JJ cord-027960-qzg2jsz6 270 44 markets market NNS cord-027960-qzg2jsz6 270 45 , , , cord-027960-qzg2jsz6 270 46 particularly particularly RB cord-027960-qzg2jsz6 270 47 from from IN cord-027960-qzg2jsz6 270 48 the the DT cord-027960-qzg2jsz6 270 49 ECB ECB NNP cord-027960-qzg2jsz6 270 50 . . . cord-027960-qzg2jsz6 271 1 Borrowing borrow VBG cord-027960-qzg2jsz6 271 2 from from IN cord-027960-qzg2jsz6 271 3 the the DT cord-027960-qzg2jsz6 271 4 ECB ECB NNP cord-027960-qzg2jsz6 271 5 reached reach VBD cord-027960-qzg2jsz6 271 6 e82 e82 CD cord-027960-qzg2jsz6 271 7 billion billion CD cord-027960-qzg2jsz6 271 8 in in IN cord-027960-qzg2jsz6 271 9 2012 2012 CD cord-027960-qzg2jsz6 271 10 , , , cord-027960-qzg2jsz6 271 11 and and CC cord-027960-qzg2jsz6 271 12 Spanish spanish JJ cord-027960-qzg2jsz6 271 13 banks bank NNS cord-027960-qzg2jsz6 271 14 had have VBD cord-027960-qzg2jsz6 271 15 increased increase VBN cord-027960-qzg2jsz6 271 16 their -PRON- PRP$ cord-027960-qzg2jsz6 271 17 ECB ECB NNP cord-027960-qzg2jsz6 271 18 borrowings borrowing NNS cord-027960-qzg2jsz6 271 19 by by IN cord-027960-qzg2jsz6 271 20 more more JJR cord-027960-qzg2jsz6 271 21 than than IN cord-027960-qzg2jsz6 271 22 six six CD cord-027960-qzg2jsz6 271 23 times time NNS cord-027960-qzg2jsz6 271 24 since since IN cord-027960-qzg2jsz6 271 25 June June NNP cord-027960-qzg2jsz6 271 26 2011 2011 CD cord-027960-qzg2jsz6 271 27 , , , cord-027960-qzg2jsz6 271 28 to to IN cord-027960-qzg2jsz6 271 29 the the DT cord-027960-qzg2jsz6 271 30 highest high JJS cord-027960-qzg2jsz6 271 31 level level NN cord-027960-qzg2jsz6 271 32 in in IN cord-027960-qzg2jsz6 271 33 absolute absolute JJ cord-027960-qzg2jsz6 271 34 terms term NNS cord-027960-qzg2jsz6 271 35 among among IN cord-027960-qzg2jsz6 271 36 Euro Euro NNP cord-027960-qzg2jsz6 271 37 area area NN cord-027960-qzg2jsz6 271 38 banking banking NN cord-027960-qzg2jsz6 271 39 systems system NNS cord-027960-qzg2jsz6 271 40 as as IN cord-027960-qzg2jsz6 271 41 of of IN cord-027960-qzg2jsz6 271 42 April April NNP cord-027960-qzg2jsz6 271 43 2012 2012 CD cord-027960-qzg2jsz6 271 44 . . . cord-027960-qzg2jsz6 272 1 The the DT cord-027960-qzg2jsz6 272 2 crisis crisis NN cord-027960-qzg2jsz6 272 3 also also RB cord-027960-qzg2jsz6 272 4 exposed expose VBD cord-027960-qzg2jsz6 272 5 weaknesses weakness NNS cord-027960-qzg2jsz6 272 6 in in IN cord-027960-qzg2jsz6 272 7 the the DT cord-027960-qzg2jsz6 272 8 policy policy NN cord-027960-qzg2jsz6 272 9 and and CC cord-027960-qzg2jsz6 272 10 regulatory regulatory JJ cord-027960-qzg2jsz6 272 11 framework framework NN cord-027960-qzg2jsz6 272 12 , , , cord-027960-qzg2jsz6 272 13 part part NN cord-027960-qzg2jsz6 272 14 of of IN cord-027960-qzg2jsz6 272 15 the the DT cord-027960-qzg2jsz6 272 16 banking banking NN cord-027960-qzg2jsz6 272 17 bargains bargain NNS cord-027960-qzg2jsz6 272 18 that that WDT cord-027960-qzg2jsz6 272 19 we -PRON- PRP cord-027960-qzg2jsz6 272 20 will will MD cord-027960-qzg2jsz6 272 21 examine examine VB cord-027960-qzg2jsz6 272 22 later later RB cord-027960-qzg2jsz6 272 23 in in IN cord-027960-qzg2jsz6 272 24 the the DT cord-027960-qzg2jsz6 272 25 book book NN cord-027960-qzg2jsz6 272 26 . . . cord-027960-qzg2jsz6 273 1 The the DT cord-027960-qzg2jsz6 273 2 most most RBS cord-027960-qzg2jsz6 273 3 evident evident JJ cord-027960-qzg2jsz6 273 4 sign sign NN cord-027960-qzg2jsz6 273 5 of of IN cord-027960-qzg2jsz6 273 6 failure failure NN cord-027960-qzg2jsz6 273 7 was be VBD cord-027960-qzg2jsz6 273 8 the the DT cord-027960-qzg2jsz6 273 9 fact fact NN cord-027960-qzg2jsz6 273 10 that that IN cord-027960-qzg2jsz6 273 11 the the DT cord-027960-qzg2jsz6 273 12 country country NN cord-027960-qzg2jsz6 273 13 had have VBD cord-027960-qzg2jsz6 273 14 already already RB cord-027960-qzg2jsz6 273 15 adopted adopt VBN cord-027960-qzg2jsz6 273 16 five five CD cord-027960-qzg2jsz6 273 17 financial financial JJ cord-027960-qzg2jsz6 273 18 reforms reform NNS cord-027960-qzg2jsz6 273 19 in in IN cord-027960-qzg2jsz6 273 20 three three CD cord-027960-qzg2jsz6 273 21 years year NNS cord-027960-qzg2jsz6 273 22 and and CC cord-027960-qzg2jsz6 273 23 had have VBD cord-027960-qzg2jsz6 273 24 implemented implement VBN cord-027960-qzg2jsz6 273 25 three three CD cord-027960-qzg2jsz6 273 26 rounds round NNS cord-027960-qzg2jsz6 273 27 of of IN cord-027960-qzg2jsz6 273 28 bank bank NN cord-027960-qzg2jsz6 273 29 mergers merger NNS cord-027960-qzg2jsz6 273 30 . . . cord-027960-qzg2jsz6 274 1 The the DT cord-027960-qzg2jsz6 274 2 results result NNS cord-027960-qzg2jsz6 274 3 of of IN cord-027960-qzg2jsz6 274 4 these these DT cord-027960-qzg2jsz6 274 5 reforms reform NNS cord-027960-qzg2jsz6 274 6 were be VBD cord-027960-qzg2jsz6 274 7 questionable questionable JJ cord-027960-qzg2jsz6 274 8 at at IN cord-027960-qzg2jsz6 274 9 best good JJS cord-027960-qzg2jsz6 274 10 . . . cord-027960-qzg2jsz6 275 1 The the DT cord-027960-qzg2jsz6 275 2 fact fact NN cord-027960-qzg2jsz6 275 3 that that IN cord-027960-qzg2jsz6 275 4 Spain Spain NNP cord-027960-qzg2jsz6 275 5 had have VBD cord-027960-qzg2jsz6 275 6 five five CD cord-027960-qzg2jsz6 275 7 reforms reform NNS cord-027960-qzg2jsz6 275 8 in in IN cord-027960-qzg2jsz6 275 9 less less JJR cord-027960-qzg2jsz6 275 10 than than IN cord-027960-qzg2jsz6 275 11 three three CD cord-027960-qzg2jsz6 275 12 years year NNS cord-027960-qzg2jsz6 275 13 , , , cord-027960-qzg2jsz6 275 14 instead instead RB cord-027960-qzg2jsz6 275 15 of of IN cord-027960-qzg2jsz6 275 16 one one CD cord-027960-qzg2jsz6 275 17 that that WDT cord-027960-qzg2jsz6 275 18 really really RB cord-027960-qzg2jsz6 275 19 fixed fix VBD cord-027960-qzg2jsz6 275 20 the the DT cord-027960-qzg2jsz6 275 21 problem problem NN cord-027960-qzg2jsz6 275 22 , , , cord-027960-qzg2jsz6 275 23 says say VBZ cord-027960-qzg2jsz6 275 24 it -PRON- PRP cord-027960-qzg2jsz6 275 25 all all DT cord-027960-qzg2jsz6 275 26 . . . cord-027960-qzg2jsz6 276 1 They -PRON- PRP cord-027960-qzg2jsz6 276 2 had have VBD cord-027960-qzg2jsz6 276 3 been be VBN cord-027960-qzg2jsz6 276 4 perceived perceive VBN cord-027960-qzg2jsz6 276 5 largely largely RB cord-027960-qzg2jsz6 276 6 as as IN cord-027960-qzg2jsz6 276 7 " " `` cord-027960-qzg2jsz6 276 8 too too RB cord-027960-qzg2jsz6 276 9 little little JJ cord-027960-qzg2jsz6 276 10 and and CC cord-027960-qzg2jsz6 276 11 too too RB cord-027960-qzg2jsz6 276 12 late late JJ cord-027960-qzg2jsz6 276 13 , , , cord-027960-qzg2jsz6 276 14 " " '' cord-027960-qzg2jsz6 276 15 and and CC cord-027960-qzg2jsz6 276 16 they -PRON- PRP cord-027960-qzg2jsz6 276 17 failed fail VBD cord-027960-qzg2jsz6 276 18 to to TO cord-027960-qzg2jsz6 276 19 sway sway VB cord-027960-qzg2jsz6 276 20 investors investor NNS cord-027960-qzg2jsz6 276 21 ' ' POS cord-027960-qzg2jsz6 276 22 confidence confidence NN cord-027960-qzg2jsz6 276 23 in in IN cord-027960-qzg2jsz6 276 24 the the DT cord-027960-qzg2jsz6 276 25 Spanish spanish JJ cord-027960-qzg2jsz6 276 26 financial financial JJ cord-027960-qzg2jsz6 276 27 sector sector NN cord-027960-qzg2jsz6 276 28 . . . cord-027960-qzg2jsz6 277 1 Finally finally RB cord-027960-qzg2jsz6 277 2 , , , cord-027960-qzg2jsz6 277 3 the the DT cord-027960-qzg2jsz6 277 4 financial financial JJ cord-027960-qzg2jsz6 277 5 crisis crisis NN cord-027960-qzg2jsz6 277 6 can can MD cord-027960-qzg2jsz6 277 7 also also RB cord-027960-qzg2jsz6 277 8 be be VB cord-027960-qzg2jsz6 277 9 blamed blame VBN cord-027960-qzg2jsz6 277 10 on on IN cord-027960-qzg2jsz6 277 11 the the DT cord-027960-qzg2jsz6 277 12 actions action NNS cord-027960-qzg2jsz6 277 13 ( ( -LRB- cord-027960-qzg2jsz6 277 14 and and CC cord-027960-qzg2jsz6 277 15 inactions inaction NNS cord-027960-qzg2jsz6 277 16 ) ) -RRB- cord-027960-qzg2jsz6 277 17 of of IN cord-027960-qzg2jsz6 277 18 the the DT cord-027960-qzg2jsz6 277 19 Bank Bank NNP cord-027960-qzg2jsz6 277 20 of of IN cord-027960-qzg2jsz6 277 21 Spain Spain NNP cord-027960-qzg2jsz6 277 22 , , , cord-027960-qzg2jsz6 277 23 one one CD cord-027960-qzg2jsz6 277 24 of of IN cord-027960-qzg2jsz6 277 25 the the DT cord-027960-qzg2jsz6 277 26 key key JJ cord-027960-qzg2jsz6 277 27 actors actor NNS cord-027960-qzg2jsz6 277 28 involved involve VBN cord-027960-qzg2jsz6 277 29 in in IN cord-027960-qzg2jsz6 277 30 the the DT cord-027960-qzg2jsz6 277 31 bank bank NN cord-027960-qzg2jsz6 277 32 bargains bargain NNS cord-027960-qzg2jsz6 277 33 . . . cord-027960-qzg2jsz6 278 1 At at IN cord-027960-qzg2jsz6 278 2 the the DT cord-027960-qzg2jsz6 278 3 beginning beginning NN cord-027960-qzg2jsz6 278 4 of of IN cord-027960-qzg2jsz6 278 5 the the DT cord-027960-qzg2jsz6 278 6 crisis crisis NN cord-027960-qzg2jsz6 278 7 , , , cord-027960-qzg2jsz6 278 8 the the DT cord-027960-qzg2jsz6 278 9 Bank Bank NNP cord-027960-qzg2jsz6 278 10 of of IN cord-027960-qzg2jsz6 278 11 Spain Spain NNP cord-027960-qzg2jsz6 278 12 's 's POS cord-027960-qzg2jsz6 278 13 policies policy NNS cord-027960-qzg2jsz6 278 14 were be VBD cord-027960-qzg2jsz6 278 15 all all DT cord-027960-qzg2jsz6 278 16 praised praise VBN cord-027960-qzg2jsz6 278 17 and and CC cord-027960-qzg2jsz6 278 18 were be VBD cord-027960-qzg2jsz6 278 19 taken take VBN cord-027960-qzg2jsz6 278 20 as as IN cord-027960-qzg2jsz6 278 21 model model NN cord-027960-qzg2jsz6 278 22 by by IN cord-027960-qzg2jsz6 278 23 other other JJ cord-027960-qzg2jsz6 278 24 countries country NNS cord-027960-qzg2jsz6 278 25 . . . cord-027960-qzg2jsz6 279 1 Time time NN cord-027960-qzg2jsz6 279 2 , , , cord-027960-qzg2jsz6 279 3 however however RB cord-027960-qzg2jsz6 279 4 , , , cord-027960-qzg2jsz6 279 5 tempered temper VBD cord-027960-qzg2jsz6 279 6 that that DT cord-027960-qzg2jsz6 279 7 praise praise NN cord-027960-qzg2jsz6 279 8 and and CC cord-027960-qzg2jsz6 279 9 the the DT cord-027960-qzg2jsz6 279 10 Bank Bank NNP cord-027960-qzg2jsz6 279 11 of of IN cord-027960-qzg2jsz6 279 12 Spain Spain NNP cord-027960-qzg2jsz6 279 13 was be VBD cord-027960-qzg2jsz6 279 14 criticized criticize VBN cord-027960-qzg2jsz6 279 15 for for IN cord-027960-qzg2jsz6 279 16 its -PRON- PRP$ cord-027960-qzg2jsz6 279 17 actions action NNS cord-027960-qzg2jsz6 279 18 and and CC cord-027960-qzg2jsz6 279 19 decisions decision NNS cord-027960-qzg2jsz6 279 20 ( ( -LRB- cord-027960-qzg2jsz6 279 21 or or CC cord-027960-qzg2jsz6 279 22 lack lack NN cord-027960-qzg2jsz6 279 23 thereof thereof RB cord-027960-qzg2jsz6 279 24 ) ) -RRB- cord-027960-qzg2jsz6 279 25 during during IN cord-027960-qzg2jsz6 279 26 the the DT cord-027960-qzg2jsz6 279 27 crisis crisis NN cord-027960-qzg2jsz6 279 28 . . . cord-027960-qzg2jsz6 280 1 Spanish spanish JJ cord-027960-qzg2jsz6 280 2 central central JJ cord-027960-qzg2jsz6 280 3 bankers banker NNS cord-027960-qzg2jsz6 280 4 chose choose VBD cord-027960-qzg2jsz6 280 5 the the DT cord-027960-qzg2jsz6 280 6 path path NN cord-027960-qzg2jsz6 280 7 of of IN cord-027960-qzg2jsz6 280 8 least least JJS cord-027960-qzg2jsz6 280 9 resistance resistance NN cord-027960-qzg2jsz6 280 10 : : : cord-027960-qzg2jsz6 280 11 alerting alert VBG cord-027960-qzg2jsz6 280 12 about about IN cord-027960-qzg2jsz6 280 13 the the DT cord-027960-qzg2jsz6 280 14 risks risk NNS cord-027960-qzg2jsz6 280 15 but but CC cord-027960-qzg2jsz6 280 16 failing fail VBG cord-027960-qzg2jsz6 280 17 to to TO cord-027960-qzg2jsz6 280 18 act act VB cord-027960-qzg2jsz6 280 19 decisively decisively RB cord-027960-qzg2jsz6 280 20 . . . cord-027960-qzg2jsz6 281 1 The the DT cord-027960-qzg2jsz6 281 2 economic economic JJ cord-027960-qzg2jsz6 281 3 crisis crisis NN cord-027960-qzg2jsz6 281 4 that that WDT cord-027960-qzg2jsz6 281 5 started start VBD cord-027960-qzg2jsz6 281 6 in in IN cord-027960-qzg2jsz6 281 7 Spain Spain NNP cord-027960-qzg2jsz6 281 8 2008 2008 CD cord-027960-qzg2jsz6 281 9 was be VBD cord-027960-qzg2jsz6 281 10 largely largely RB cord-027960-qzg2jsz6 281 11 a a DT cord-027960-qzg2jsz6 281 12 problem problem NN cord-027960-qzg2jsz6 281 13 of of IN cord-027960-qzg2jsz6 281 14 ever ever RB cord-027960-qzg2jsz6 281 15 - - HYPH cord-027960-qzg2jsz6 281 16 growing grow VBG cord-027960-qzg2jsz6 281 17 private private JJ cord-027960-qzg2jsz6 281 18 sector sector NN cord-027960-qzg2jsz6 281 19 debt debt NN cord-027960-qzg2jsz6 281 20 , , , cord-027960-qzg2jsz6 281 21 aggravated aggravate VBN cord-027960-qzg2jsz6 281 22 by by IN cord-027960-qzg2jsz6 281 23 competitiveness competitiveness NN cord-027960-qzg2jsz6 281 24 and and CC cord-027960-qzg2jsz6 281 25 current current JJ cord-027960-qzg2jsz6 281 26 account account NN cord-027960-qzg2jsz6 281 27 imbalances imbalance NNS cord-027960-qzg2jsz6 281 28 , , , cord-027960-qzg2jsz6 281 29 and and CC cord-027960-qzg2jsz6 281 30 compounded compound VBN cord-027960-qzg2jsz6 281 31 by by IN cord-027960-qzg2jsz6 281 32 reckless reckless JJ cord-027960-qzg2jsz6 281 33 bank bank NN cord-027960-qzg2jsz6 281 34 investments investment NNS cord-027960-qzg2jsz6 281 35 and and CC cord-027960-qzg2jsz6 281 36 loans loan NNS cord-027960-qzg2jsz6 281 37 , , , cord-027960-qzg2jsz6 281 38 particularly particularly RB cord-027960-qzg2jsz6 281 39 from from IN cord-027960-qzg2jsz6 281 40 the the DT cord-027960-qzg2jsz6 281 41 cajas caja NNS cord-027960-qzg2jsz6 281 42 , , , cord-027960-qzg2jsz6 281 43 which which WDT cord-027960-qzg2jsz6 281 44 by by IN cord-027960-qzg2jsz6 281 45 over over IN cord-027960-qzg2jsz6 281 46 - - HYPH cord-027960-qzg2jsz6 281 47 lending lending NN cord-027960-qzg2jsz6 281 48 freely freely RB cord-027960-qzg2jsz6 281 49 to to IN cord-027960-qzg2jsz6 281 50 property property NN cord-027960-qzg2jsz6 281 51 developers developer NNS cord-027960-qzg2jsz6 281 52 and and CC cord-027960-qzg2jsz6 281 53 mortgages mortgage NNS cord-027960-qzg2jsz6 281 54 contributed contribute VBD cord-027960-qzg2jsz6 281 55 to to IN cord-027960-qzg2jsz6 281 56 a a DT cord-027960-qzg2jsz6 281 57 real real JJ cord-027960-qzg2jsz6 281 58 estate estate NN cord-027960-qzg2jsz6 281 59 property property NN cord-027960-qzg2jsz6 281 60 bubble bubble NN cord-027960-qzg2jsz6 281 61 . . . cord-027960-qzg2jsz6 282 1 This this DT cord-027960-qzg2jsz6 282 2 outcome outcome NN cord-027960-qzg2jsz6 282 3 was be VBD cord-027960-qzg2jsz6 282 4 a a DT cord-027960-qzg2jsz6 282 5 result result NN cord-027960-qzg2jsz6 282 6 of of IN cord-027960-qzg2jsz6 282 7 the the DT cord-027960-qzg2jsz6 282 8 political political JJ cord-027960-qzg2jsz6 282 9 bargains bargain NNS cord-027960-qzg2jsz6 282 10 at at IN cord-027960-qzg2jsz6 282 11 the the DT cord-027960-qzg2jsz6 282 12 heart heart NN cord-027960-qzg2jsz6 282 13 of of IN cord-027960-qzg2jsz6 282 14 the the DT cord-027960-qzg2jsz6 282 15 game game NN cord-027960-qzg2jsz6 282 16 of of IN cord-027960-qzg2jsz6 282 17 bank bank NN cord-027960-qzg2jsz6 282 18 bargains bargain NNS cord-027960-qzg2jsz6 282 19 focus focus NN cord-027960-qzg2jsz6 282 20 of of IN cord-027960-qzg2jsz6 282 21 this this DT cord-027960-qzg2jsz6 282 22 book book NN cord-027960-qzg2jsz6 282 23 . . . cord-027960-qzg2jsz6 283 1 The the DT cord-027960-qzg2jsz6 283 2 bubble bubble NN cord-027960-qzg2jsz6 283 3 contributed contribute VBD cord-027960-qzg2jsz6 283 4 to to TO cord-027960-qzg2jsz6 283 5 hide hide VB cord-027960-qzg2jsz6 283 6 the the DT cord-027960-qzg2jsz6 283 7 fundamental fundamental JJ cord-027960-qzg2jsz6 283 8 structural structural JJ cord-027960-qzg2jsz6 283 9 problems problem NNS cord-027960-qzg2jsz6 283 10 of of IN cord-027960-qzg2jsz6 283 11 the the DT cord-027960-qzg2jsz6 283 12 Spanish spanish JJ cord-027960-qzg2jsz6 283 13 economy economy NN cord-027960-qzg2jsz6 283 14 outlined outline VBN cord-027960-qzg2jsz6 283 15 in in IN cord-027960-qzg2jsz6 283 16 the the DT cord-027960-qzg2jsz6 283 17 previous previous JJ cord-027960-qzg2jsz6 283 18 sections section NNS cord-027960-qzg2jsz6 283 19 and and CC cord-027960-qzg2jsz6 283 20 had have VBD cord-027960-qzg2jsz6 283 21 an an DT cord-027960-qzg2jsz6 283 22 effect effect NN cord-027960-qzg2jsz6 283 23 in in IN cord-027960-qzg2jsz6 283 24 policy policy NN cord-027960-qzg2jsz6 283 25 choices choice NNS cord-027960-qzg2jsz6 283 26 because because IN cord-027960-qzg2jsz6 283 27 no no DT cord-027960-qzg2jsz6 283 28 government government NN cord-027960-qzg2jsz6 283 29 was be VBD cord-027960-qzg2jsz6 283 30 willing willing JJ cord-027960-qzg2jsz6 283 31 to to TO cord-027960-qzg2jsz6 283 32 burst burst VB cord-027960-qzg2jsz6 283 33 the the DT cord-027960-qzg2jsz6 283 34 bubble bubble NN cord-027960-qzg2jsz6 283 35 and and CC cord-027960-qzg2jsz6 283 36 risk risk NN cord-027960-qzg2jsz6 283 37 suffering suffer VBG cord-027960-qzg2jsz6 283 38 the the DT cord-027960-qzg2jsz6 283 39 wreath wreath NN cord-027960-qzg2jsz6 283 40 of of IN cord-027960-qzg2jsz6 283 41 voters voter NNS cord-027960-qzg2jsz6 283 42 . . . cord-027960-qzg2jsz6 284 1 Furthermore furthermore RB cord-027960-qzg2jsz6 284 2 , , , cord-027960-qzg2jsz6 284 3 cheap cheap JJ cord-027960-qzg2jsz6 284 4 credit credit NN cord-027960-qzg2jsz6 284 5 also also RB cord-027960-qzg2jsz6 284 6 had have VBD cord-027960-qzg2jsz6 284 7 inflationary inflationary JJ cord-027960-qzg2jsz6 284 8 effects effect NNS cord-027960-qzg2jsz6 284 9 that that WDT cord-027960-qzg2jsz6 284 10 contributed contribute VBD cord-027960-qzg2jsz6 284 11 to to IN cord-027960-qzg2jsz6 284 12 competitiveness competitiveness NN cord-027960-qzg2jsz6 284 13 losses loss NNS cord-027960-qzg2jsz6 284 14 and and CC cord-027960-qzg2jsz6 284 15 record record NN cord-027960-qzg2jsz6 284 16 balance balance NN cord-027960-qzg2jsz6 284 17 of of IN cord-027960-qzg2jsz6 284 18 payment payment NN cord-027960-qzg2jsz6 284 19 deficits deficit NNS cord-027960-qzg2jsz6 284 20 . . . cord-027960-qzg2jsz6 285 1 Therefore therefore RB cord-027960-qzg2jsz6 285 2 , , , cord-027960-qzg2jsz6 285 3 three three CD cord-027960-qzg2jsz6 285 4 dimensions dimension NNS cord-027960-qzg2jsz6 285 5 of of IN cord-027960-qzg2jsz6 285 6 the the DT cord-027960-qzg2jsz6 285 7 crisis crisis NN cord-027960-qzg2jsz6 285 8 ( ( -LRB- cord-027960-qzg2jsz6 285 9 financial financial JJ cord-027960-qzg2jsz6 285 10 , , , cord-027960-qzg2jsz6 285 11 fiscal fiscal JJ cord-027960-qzg2jsz6 285 12 , , , cord-027960-qzg2jsz6 285 13 and and CC cord-027960-qzg2jsz6 285 14 competitiveness competitiveness NN cord-027960-qzg2jsz6 285 15 ) ) -RRB- cord-027960-qzg2jsz6 285 16 are be VBP cord-027960-qzg2jsz6 285 17 interlinked interlink VBN cord-027960-qzg2jsz6 285 18 in in IN cord-027960-qzg2jsz6 285 19 their -PRON- PRP$ cord-027960-qzg2jsz6 285 20 origins origin NNS cord-027960-qzg2jsz6 285 21 . . . cord-027960-qzg2jsz6 286 1 The the DT cord-027960-qzg2jsz6 286 2 crisis crisis NN cord-027960-qzg2jsz6 286 3 exposed expose VBD cord-027960-qzg2jsz6 286 4 the the DT cord-027960-qzg2jsz6 286 5 underbelly underbelly NN cord-027960-qzg2jsz6 286 6 of of IN cord-027960-qzg2jsz6 286 7 the the DT cord-027960-qzg2jsz6 286 8 financial financial JJ cord-027960-qzg2jsz6 286 9 sector sector NN cord-027960-qzg2jsz6 286 10 and and CC cord-027960-qzg2jsz6 286 11 showed show VBD cord-027960-qzg2jsz6 286 12 that that IN cord-027960-qzg2jsz6 286 13 many many JJ cord-027960-qzg2jsz6 286 14 banks bank NNS cord-027960-qzg2jsz6 286 15 ( ( -LRB- cord-027960-qzg2jsz6 286 16 particularly particularly RB cord-027960-qzg2jsz6 286 17 the the DT cord-027960-qzg2jsz6 286 18 cajas caja NNS cord-027960-qzg2jsz6 286 19 ) ) -RRB- cord-027960-qzg2jsz6 286 20 were be VBD cord-027960-qzg2jsz6 286 21 not not RB cord-027960-qzg2jsz6 286 22 just just RB cord-027960-qzg2jsz6 286 23 suffering suffer VBG cord-027960-qzg2jsz6 286 24 liquidity liquidity NN cord-027960-qzg2jsz6 286 25 problems problem NNS cord-027960-qzg2jsz6 286 26 but but CC cord-027960-qzg2jsz6 286 27 risked risk VBN cord-027960-qzg2jsz6 286 28 insolvency insolvency NN cord-027960-qzg2jsz6 286 29 , , , cord-027960-qzg2jsz6 286 30 which which WDT cord-027960-qzg2jsz6 286 31 led lead VBD cord-027960-qzg2jsz6 286 32 to to IN cord-027960-qzg2jsz6 286 33 the the DT cord-027960-qzg2jsz6 286 34 EU EU NNP cord-027960-qzg2jsz6 286 35 financial financial JJ cord-027960-qzg2jsz6 286 36 bailout bailout NN cord-027960-qzg2jsz6 286 37 of of IN cord-027960-qzg2jsz6 286 38 June June NNP cord-027960-qzg2jsz6 286 39 2012 2012 CD cord-027960-qzg2jsz6 286 40 . . . cord-027960-qzg2jsz6 287 1 The the DT cord-027960-qzg2jsz6 287 2 bailout bailout NN cord-027960-qzg2jsz6 287 3 had have VBD cord-027960-qzg2jsz6 287 4 onerous onerous JJ cord-027960-qzg2jsz6 287 5 conditions condition NNS cord-027960-qzg2jsz6 287 6 attached attach VBN cord-027960-qzg2jsz6 287 7 and and CC cord-027960-qzg2jsz6 287 8 it -PRON- PRP cord-027960-qzg2jsz6 287 9 limited limit VBD cord-027960-qzg2jsz6 287 10 national national JJ cord-027960-qzg2jsz6 287 11 economic economic JJ cord-027960-qzg2jsz6 287 12 autonomy autonomy NN cord-027960-qzg2jsz6 287 13 ( ( -LRB- cord-027960-qzg2jsz6 287 14 see see VB cord-027960-qzg2jsz6 287 15 Dellepiane Dellepiane NNP cord-027960-qzg2jsz6 287 16 and and CC cord-027960-qzg2jsz6 287 17 Hardiman Hardiman NNP cord-027960-qzg2jsz6 287 18 2011 2011 CD cord-027960-qzg2jsz6 287 19 ) ) -RRB- cord-027960-qzg2jsz6 287 20 . . . cord-027960-qzg2jsz6 288 1 Finally finally RB cord-027960-qzg2jsz6 288 2 , , , cord-027960-qzg2jsz6 288 3 the the DT cord-027960-qzg2jsz6 288 4 financial financial JJ cord-027960-qzg2jsz6 288 5 and and CC cord-027960-qzg2jsz6 288 6 fiscal fiscal JJ cord-027960-qzg2jsz6 288 7 crises crisis NNS cord-027960-qzg2jsz6 288 8 were be VBD cord-027960-qzg2jsz6 288 9 made make VBN cord-027960-qzg2jsz6 288 10 worse bad JJR cord-027960-qzg2jsz6 288 11 by by IN cord-027960-qzg2jsz6 288 12 the the DT cord-027960-qzg2jsz6 288 13 incomplete incomplete JJ cord-027960-qzg2jsz6 288 14 institutional institutional JJ cord-027960-qzg2jsz6 288 15 structure structure NN cord-027960-qzg2jsz6 288 16 of of IN cord-027960-qzg2jsz6 288 17 EMU emu NN cord-027960-qzg2jsz6 288 18 and and CC cord-027960-qzg2jsz6 288 19 by by IN cord-027960-qzg2jsz6 288 20 bad bad JJ cord-027960-qzg2jsz6 288 21 policy policy NN cord-027960-qzg2jsz6 288 22 choices choice NNS cord-027960-qzg2jsz6 288 23 at at IN cord-027960-qzg2jsz6 288 24 the the DT cord-027960-qzg2jsz6 288 25 EU EU NNP cord-027960-qzg2jsz6 288 26 level level NN cord-027960-qzg2jsz6 288 27 ( ( -LRB- cord-027960-qzg2jsz6 288 28 excess excess JJ cord-027960-qzg2jsz6 288 29 austerity austerity NN cord-027960-qzg2jsz6 288 30 and and CC cord-027960-qzg2jsz6 288 31 refusal refusal NN cord-027960-qzg2jsz6 288 32 to to TO cord-027960-qzg2jsz6 288 33 act act VB cord-027960-qzg2jsz6 288 34 as as IN cord-027960-qzg2jsz6 288 35 a a DT cord-027960-qzg2jsz6 288 36 lender lender NN cord-027960-qzg2jsz6 288 37 of of IN cord-027960-qzg2jsz6 288 38 last last JJ cord-027960-qzg2jsz6 288 39 resort resort NN cord-027960-qzg2jsz6 288 40 for for IN cord-027960-qzg2jsz6 288 41 sovereigns sovereign NNS cord-027960-qzg2jsz6 288 42 by by IN cord-027960-qzg2jsz6 288 43 the the DT cord-027960-qzg2jsz6 288 44 ECB ECB NNP cord-027960-qzg2jsz6 288 45 ) ) -RRB- cord-027960-qzg2jsz6 289 1 ( ( -LRB- cord-027960-qzg2jsz6 289 2 Royo Royo NNP cord-027960-qzg2jsz6 289 3 2013 2013 CD cord-027960-qzg2jsz6 289 4 ) ) -RRB- cord-027960-qzg2jsz6 289 5 . . . cord-027960-qzg2jsz6 290 1 In in IN cord-027960-qzg2jsz6 290 2 the the DT cord-027960-qzg2jsz6 290 3 end end NN cord-027960-qzg2jsz6 290 4 , , , cord-027960-qzg2jsz6 290 5 the the DT cord-027960-qzg2jsz6 290 6 crisis crisis NN cord-027960-qzg2jsz6 290 7 exposed expose VBD cord-027960-qzg2jsz6 290 8 the the DT cord-027960-qzg2jsz6 290 9 weaknesses weakness NNS cord-027960-qzg2jsz6 290 10 of of IN cord-027960-qzg2jsz6 290 11 the the DT cord-027960-qzg2jsz6 290 12 country country NN cord-027960-qzg2jsz6 290 13 's 's POS cord-027960-qzg2jsz6 290 14 economic economic JJ cord-027960-qzg2jsz6 290 15 model model NN cord-027960-qzg2jsz6 290 16 . . . cord-027960-qzg2jsz6 291 1 Indeed indeed RB cord-027960-qzg2jsz6 291 2 , , , cord-027960-qzg2jsz6 291 3 despite despite IN cord-027960-qzg2jsz6 291 4 the the DT cord-027960-qzg2jsz6 291 5 previous previous JJ cord-027960-qzg2jsz6 291 6 two two CD cord-027960-qzg2jsz6 291 7 decades decade NNS cord-027960-qzg2jsz6 291 8 ' ' POS cord-027960-qzg2jsz6 291 9 significant significant JJ cord-027960-qzg2jsz6 291 10 progress progress NN cord-027960-qzg2jsz6 291 11 and and CC cord-027960-qzg2jsz6 291 12 achievements achievement NNS cord-027960-qzg2jsz6 291 13 , , , cord-027960-qzg2jsz6 291 14 the the DT cord-027960-qzg2jsz6 291 15 Spanish spanish JJ cord-027960-qzg2jsz6 291 16 economy economy NN cord-027960-qzg2jsz6 291 17 still still RB cord-027960-qzg2jsz6 291 18 faced face VBD cord-027960-qzg2jsz6 291 19 serious serious JJ cord-027960-qzg2jsz6 291 20 competitive competitive JJ cord-027960-qzg2jsz6 291 21 and and CC cord-027960-qzg2jsz6 291 22 fiscal fiscal JJ cord-027960-qzg2jsz6 291 23 challenges challenge NNS cord-027960-qzg2jsz6 291 24 . . . cord-027960-qzg2jsz6 292 1 Unfortunately unfortunately RB cord-027960-qzg2jsz6 292 2 , , , cord-027960-qzg2jsz6 292 3 the the DT cord-027960-qzg2jsz6 292 4 economic economic JJ cord-027960-qzg2jsz6 292 5 success success NN cord-027960-qzg2jsz6 292 6 the the DT cord-027960-qzg2jsz6 292 7 country country NN cord-027960-qzg2jsz6 292 8 prior prior RB cord-027960-qzg2jsz6 292 9 to to IN cord-027960-qzg2jsz6 292 10 the the DT cord-027960-qzg2jsz6 292 11 crisis crisis NN cord-027960-qzg2jsz6 292 12 fostered foster VBD cord-027960-qzg2jsz6 292 13 a a DT cord-027960-qzg2jsz6 292 14 sense sense NN cord-027960-qzg2jsz6 292 15 of of IN cord-027960-qzg2jsz6 292 16 complacency complacency NN cord-027960-qzg2jsz6 292 17 , , , cord-027960-qzg2jsz6 292 18 which which WDT cord-027960-qzg2jsz6 292 19 allowed allow VBD cord-027960-qzg2jsz6 292 20 for for IN cord-027960-qzg2jsz6 292 21 a a DT cord-027960-qzg2jsz6 292 22 delay delay NN cord-027960-qzg2jsz6 292 23 in in IN cord-027960-qzg2jsz6 292 24 the the DT cord-027960-qzg2jsz6 292 25 adoption adoption NN cord-027960-qzg2jsz6 292 26 of of IN cord-027960-qzg2jsz6 292 27 the the DT cord-027960-qzg2jsz6 292 28 necessary necessary JJ cord-027960-qzg2jsz6 292 29 structural structural JJ cord-027960-qzg2jsz6 292 30 reforms reform NNS cord-027960-qzg2jsz6 292 31 . . . cord-027960-qzg2jsz6 293 1 And and CC cord-027960-qzg2jsz6 293 2 this this DT cord-027960-qzg2jsz6 293 3 was be VBD cord-027960-qzg2jsz6 293 4 not not RB cord-027960-qzg2jsz6 293 5 a a DT cord-027960-qzg2jsz6 293 6 surprise surprise NN cord-027960-qzg2jsz6 293 7 as as IN cord-027960-qzg2jsz6 293 8 the the DT cord-027960-qzg2jsz6 293 9 Spanish spanish JJ cord-027960-qzg2jsz6 293 10 economy economy NN cord-027960-qzg2jsz6 293 11 was be VBD cord-027960-qzg2jsz6 293 12 living live VBG cord-027960-qzg2jsz6 293 13 on on IN cord-027960-qzg2jsz6 293 14 borrowed borrow VBN cord-027960-qzg2jsz6 293 15 time time NN cord-027960-qzg2jsz6 293 16 , , , cord-027960-qzg2jsz6 293 17 despite despite IN cord-027960-qzg2jsz6 293 18 all all PDT cord-027960-qzg2jsz6 293 19 the the DT cord-027960-qzg2jsz6 293 20 significant significant JJ cord-027960-qzg2jsz6 293 21 progress progress NN cord-027960-qzg2jsz6 293 22 , , , cord-027960-qzg2jsz6 293 23 and and CC cord-027960-qzg2jsz6 293 24 the the DT cord-027960-qzg2jsz6 293 25 country country NN cord-027960-qzg2jsz6 293 26 still still RB cord-027960-qzg2jsz6 293 27 had have VBD cord-027960-qzg2jsz6 293 28 considerable considerable JJ cord-027960-qzg2jsz6 293 29 ground ground NN cord-027960-qzg2jsz6 293 30 to to TO cord-027960-qzg2jsz6 293 31 cover cover VB cord-027960-qzg2jsz6 293 32 , , , cord-027960-qzg2jsz6 293 33 given give VBN cord-027960-qzg2jsz6 293 34 the the DT cord-027960-qzg2jsz6 293 35 existing exist VBG cord-027960-qzg2jsz6 293 36 income income NN cord-027960-qzg2jsz6 293 37 and and CC cord-027960-qzg2jsz6 293 38 productivity productivity NN cord-027960-qzg2jsz6 293 39 differentials differential NNS cord-027960-qzg2jsz6 293 40 , , , cord-027960-qzg2jsz6 293 41 to to TO cord-027960-qzg2jsz6 293 42 catch catch VB cord-027960-qzg2jsz6 293 43 up up RP cord-027960-qzg2jsz6 293 44 with with IN cord-027960-qzg2jsz6 293 45 the the DT cord-027960-qzg2jsz6 293 46 richer rich JJR cord-027960-qzg2jsz6 293 47 EU EU NNP cord-027960-qzg2jsz6 293 48 countries country NNS cord-027960-qzg2jsz6 293 49 and and CC cord-027960-qzg2jsz6 293 50 to to TO cord-027960-qzg2jsz6 293 51 improve improve VB cord-027960-qzg2jsz6 293 52 the the DT cord-027960-qzg2jsz6 293 53 competitiveness competitiveness NN cord-027960-qzg2jsz6 293 54 of of IN cord-027960-qzg2jsz6 293 55 its -PRON- PRP$ cord-027960-qzg2jsz6 293 56 economy economy NN cord-027960-qzg2jsz6 293 57 ( ( -LRB- cord-027960-qzg2jsz6 293 58 see see VB cord-027960-qzg2jsz6 293 59 Royo Royo NNP cord-027960-qzg2jsz6 293 60 2013 2013 CD cord-027960-qzg2jsz6 293 61 ) ) -RRB- cord-027960-qzg2jsz6 293 62 . . . cord-027960-qzg2jsz6 294 1 The the DT cord-027960-qzg2jsz6 294 2 sudden sudden JJ cord-027960-qzg2jsz6 294 3 collapse collapse NN cord-027960-qzg2jsz6 294 4 of of IN cord-027960-qzg2jsz6 294 5 the the DT cord-027960-qzg2jsz6 294 6 Spanish spanish JJ cord-027960-qzg2jsz6 294 7 economy economy NN cord-027960-qzg2jsz6 294 8 came come VBD cord-027960-qzg2jsz6 294 9 as as IN cord-027960-qzg2jsz6 294 10 a a DT cord-027960-qzg2jsz6 294 11 shock shock NN cord-027960-qzg2jsz6 294 12 . . . cord-027960-qzg2jsz6 295 1 Yet yet RB cord-027960-qzg2jsz6 295 2 , , , cord-027960-qzg2jsz6 295 3 in in IN cord-027960-qzg2jsz6 295 4 retrospect retrospect NN cord-027960-qzg2jsz6 295 5 it -PRON- PRP cord-027960-qzg2jsz6 295 6 should should MD cord-027960-qzg2jsz6 295 7 not not RB cord-027960-qzg2jsz6 295 8 have have VB cord-027960-qzg2jsz6 295 9 been be VBN cord-027960-qzg2jsz6 295 10 such such PDT cord-027960-qzg2jsz6 295 11 a a DT cord-027960-qzg2jsz6 295 12 surprise surprise NN cord-027960-qzg2jsz6 295 13 . . . cord-027960-qzg2jsz6 296 1 The the DT cord-027960-qzg2jsz6 296 2 policies policy NNS cord-027960-qzg2jsz6 296 3 choices choice NNS cord-027960-qzg2jsz6 296 4 and and CC cord-027960-qzg2jsz6 296 5 political political JJ cord-027960-qzg2jsz6 296 6 bargains bargain NNS cord-027960-qzg2jsz6 296 7 taken take VBN cord-027960-qzg2jsz6 296 8 during during IN cord-027960-qzg2jsz6 296 9 the the DT cord-027960-qzg2jsz6 296 10 previous previous JJ cord-027960-qzg2jsz6 296 11 decades decade NNS cord-027960-qzg2jsz6 296 12 led lead VBD cord-027960-qzg2jsz6 296 13 to to IN cord-027960-qzg2jsz6 296 14 an an DT cord-027960-qzg2jsz6 296 15 unsustainable unsustainable JJ cord-027960-qzg2jsz6 296 16 bubble bubble NN cord-027960-qzg2jsz6 296 17 in in IN cord-027960-qzg2jsz6 296 18 private private JJ cord-027960-qzg2jsz6 296 19 sector sector NN cord-027960-qzg2jsz6 296 20 borrowing borrowing NN cord-027960-qzg2jsz6 296 21 that that WDT cord-027960-qzg2jsz6 296 22 was be VBD cord-027960-qzg2jsz6 296 23 bound bind VBN cord-027960-qzg2jsz6 296 24 to to TO cord-027960-qzg2jsz6 296 25 burst burst VB cord-027960-qzg2jsz6 296 26 . . . cord-027960-qzg2jsz6 297 1 Moreover moreover RB cord-027960-qzg2jsz6 297 2 , , , cord-027960-qzg2jsz6 297 3 as as IN cord-027960-qzg2jsz6 297 4 we -PRON- PRP cord-027960-qzg2jsz6 297 5 will will MD cord-027960-qzg2jsz6 297 6 examine examine VB cord-027960-qzg2jsz6 297 7 on on IN cord-027960-qzg2jsz6 297 8 Chapter chapter NN cord-027960-qzg2jsz6 297 9 7 7 CD cord-027960-qzg2jsz6 297 10 , , , cord-027960-qzg2jsz6 297 11 the the DT cord-027960-qzg2jsz6 297 12 institutional institutional JJ cord-027960-qzg2jsz6 297 13 degeneration degeneration NN cord-027960-qzg2jsz6 297 14 that that WDT cord-027960-qzg2jsz6 297 15 led lead VBD cord-027960-qzg2jsz6 297 16 to to IN cord-027960-qzg2jsz6 297 17 systemic systemic JJ cord-027960-qzg2jsz6 297 18 corruption corruption NN cord-027960-qzg2jsz6 297 19 and and CC cord-027960-qzg2jsz6 297 20 contributed contribute VBD cord-027960-qzg2jsz6 297 21 to to IN cord-027960-qzg2jsz6 297 22 the the DT cord-027960-qzg2jsz6 297 23 implosion implosion NN cord-027960-qzg2jsz6 297 24 of of IN cord-027960-qzg2jsz6 297 25 parts part NNS cord-027960-qzg2jsz6 297 26 of of IN cord-027960-qzg2jsz6 297 27 the the DT cord-027960-qzg2jsz6 297 28 financial financial JJ cord-027960-qzg2jsz6 297 29 sector sector NN cord-027960-qzg2jsz6 297 30 made make VBD cord-027960-qzg2jsz6 297 31 the the DT cord-027960-qzg2jsz6 297 32 crisis crisis NN cord-027960-qzg2jsz6 297 33 almost almost RB cord-027960-qzg2jsz6 297 34 unavoidable unavoidable JJ cord-027960-qzg2jsz6 297 35 . . . cord-027960-qzg2jsz6 298 1 As as IN cord-027960-qzg2jsz6 298 2 we -PRON- PRP cord-027960-qzg2jsz6 298 3 have have VBP cord-027960-qzg2jsz6 298 4 seen see VBN cord-027960-qzg2jsz6 298 5 , , , cord-027960-qzg2jsz6 298 6 much much JJ cord-027960-qzg2jsz6 298 7 of of IN cord-027960-qzg2jsz6 298 8 Spain Spain NNP cord-027960-qzg2jsz6 298 9 growth growth NN cord-027960-qzg2jsz6 298 10 during during IN cord-027960-qzg2jsz6 298 11 the the DT cord-027960-qzg2jsz6 298 12 2000s 2000s CD cord-027960-qzg2jsz6 298 13 was be VBD cord-027960-qzg2jsz6 298 14 based base VBN cord-027960-qzg2jsz6 298 15 on on IN cord-027960-qzg2jsz6 298 16 the the DT cord-027960-qzg2jsz6 298 17 domestic domestic JJ cord-027960-qzg2jsz6 298 18 sector sector NN cord-027960-qzg2jsz6 298 19 and and CC cord-027960-qzg2jsz6 298 20 particularly particularly RB cord-027960-qzg2jsz6 298 21 on on IN cord-027960-qzg2jsz6 298 22 an an DT cord-027960-qzg2jsz6 298 23 unsustainable unsustainable JJ cord-027960-qzg2jsz6 298 24 reliance reliance NN cord-027960-qzg2jsz6 298 25 on on IN cord-027960-qzg2jsz6 298 26 construction construction NN cord-027960-qzg2jsz6 298 27 . . . cord-027960-qzg2jsz6 299 1 As as IN cord-027960-qzg2jsz6 299 2 we -PRON- PRP cord-027960-qzg2jsz6 299 3 will will MD cord-027960-qzg2jsz6 299 4 later later RB cord-027960-qzg2jsz6 299 5 in in IN cord-027960-qzg2jsz6 299 6 the the DT cord-027960-qzg2jsz6 299 7 book book NN cord-027960-qzg2jsz6 299 8 , , , cord-027960-qzg2jsz6 299 9 this this DT cord-027960-qzg2jsz6 299 10 outcome outcome NN cord-027960-qzg2jsz6 299 11 was be VBD cord-027960-qzg2jsz6 299 12 part part NN cord-027960-qzg2jsz6 299 13 of of IN cord-027960-qzg2jsz6 299 14 a a DT cord-027960-qzg2jsz6 299 15 political political JJ cord-027960-qzg2jsz6 299 16 bargain bargain NN cord-027960-qzg2jsz6 299 17 in in IN cord-027960-qzg2jsz6 299 18 which which WDT cord-027960-qzg2jsz6 299 19 tax tax NN cord-027960-qzg2jsz6 299 20 incentives incentive NNS cord-027960-qzg2jsz6 299 21 and and CC cord-027960-qzg2jsz6 299 22 a a DT cord-027960-qzg2jsz6 299 23 lax lax JJ cord-027960-qzg2jsz6 299 24 regulatory regulatory JJ cord-027960-qzg2jsz6 299 25 framework framework NN cord-027960-qzg2jsz6 299 26 favored favor VBN cord-027960-qzg2jsz6 299 27 developers developer NNS cord-027960-qzg2jsz6 299 28 , , , cord-027960-qzg2jsz6 299 29 property property NN cord-027960-qzg2jsz6 299 30 owners owner NNS cord-027960-qzg2jsz6 299 31 , , , cord-027960-qzg2jsz6 299 32 and and CC cord-027960-qzg2jsz6 299 33 bankers banker NNS cord-027960-qzg2jsz6 299 34 ( ( -LRB- cord-027960-qzg2jsz6 299 35 particularly particularly RB cord-027960-qzg2jsz6 299 36 cajas caja NNS cord-027960-qzg2jsz6 299 37 ) ) -RRB- cord-027960-qzg2jsz6 299 38 . . . cord-027960-qzg2jsz6 300 1 The the DT cord-027960-qzg2jsz6 300 2 particular particular JJ cord-027960-qzg2jsz6 300 3 regulation regulation NN cord-027960-qzg2jsz6 300 4 of of IN cord-027960-qzg2jsz6 300 5 the the DT cord-027960-qzg2jsz6 300 6 cajas caja NNS cord-027960-qzg2jsz6 300 7 proved prove VBD cord-027960-qzg2jsz6 300 8 fatally fatally RB cord-027960-qzg2jsz6 300 9 flawed flawed JJ cord-027960-qzg2jsz6 300 10 , , , cord-027960-qzg2jsz6 300 11 as as IN cord-027960-qzg2jsz6 300 12 it -PRON- PRP cord-027960-qzg2jsz6 300 13 provided provide VBD cord-027960-qzg2jsz6 300 14 incentives incentive NNS cord-027960-qzg2jsz6 300 15 that that WDT cord-027960-qzg2jsz6 300 16 favored favor VBD cord-027960-qzg2jsz6 300 17 local local JJ cord-027960-qzg2jsz6 300 18 and and CC cord-027960-qzg2jsz6 300 19 regional regional JJ cord-027960-qzg2jsz6 300 20 government government NN cord-027960-qzg2jsz6 300 21 actors actor NNS cord-027960-qzg2jsz6 300 22 ' ' POS cord-027960-qzg2jsz6 300 23 access access NN cord-027960-qzg2jsz6 300 24 to to IN cord-027960-qzg2jsz6 300 25 finance finance NN cord-027960-qzg2jsz6 300 26 at at IN cord-027960-qzg2jsz6 300 27 the the DT cord-027960-qzg2jsz6 300 28 expense expense NN cord-027960-qzg2jsz6 300 29 of of IN cord-027960-qzg2jsz6 300 30 an an DT cord-027960-qzg2jsz6 300 31 environment environment NN cord-027960-qzg2jsz6 300 32 that that WDT cord-027960-qzg2jsz6 300 33 would would MD cord-027960-qzg2jsz6 300 34 have have VB cord-027960-qzg2jsz6 300 35 provided provide VBN cord-027960-qzg2jsz6 300 36 a a DT cord-027960-qzg2jsz6 300 37 stable stable JJ cord-027960-qzg2jsz6 300 38 and and CC cord-027960-qzg2jsz6 300 39 efficient efficient JJ cord-027960-qzg2jsz6 300 40 banking banking NN cord-027960-qzg2jsz6 300 41 system system NN cord-027960-qzg2jsz6 300 42 . . . cord-027960-qzg2jsz6 301 1 On on IN cord-027960-qzg2jsz6 301 2 the the DT cord-027960-qzg2jsz6 301 3 contrary contrary NN cord-027960-qzg2jsz6 301 4 , , , cord-027960-qzg2jsz6 301 5 it -PRON- PRP cord-027960-qzg2jsz6 301 6 led lead VBD cord-027960-qzg2jsz6 301 7 to to IN cord-027960-qzg2jsz6 301 8 a a DT cord-027960-qzg2jsz6 301 9 form form NN cord-027960-qzg2jsz6 301 10 of of IN cord-027960-qzg2jsz6 301 11 crony crony NN cord-027960-qzg2jsz6 301 12 capitalism capitalism NN cord-027960-qzg2jsz6 301 13 Spanish spanish JJ cord-027960-qzg2jsz6 301 14 style style NN cord-027960-qzg2jsz6 301 15 , , , cord-027960-qzg2jsz6 301 16 in in IN cord-027960-qzg2jsz6 301 17 which which WDT cord-027960-qzg2jsz6 301 18 they -PRON- PRP cord-027960-qzg2jsz6 301 19 invested invest VBD cord-027960-qzg2jsz6 301 20 massively massively RB cord-027960-qzg2jsz6 301 21 in in IN cord-027960-qzg2jsz6 301 22 the the DT cord-027960-qzg2jsz6 301 23 construction construction NN cord-027960-qzg2jsz6 301 24 sector sector NN cord-027960-qzg2jsz6 301 25 in in IN cord-027960-qzg2jsz6 301 26 search search NN cord-027960-qzg2jsz6 301 27 of of IN cord-027960-qzg2jsz6 301 28 rapid rapid JJ cord-027960-qzg2jsz6 301 29 growth growth NN cord-027960-qzg2jsz6 301 30 and and CC cord-027960-qzg2jsz6 301 31 larger large JJR cord-027960-qzg2jsz6 301 32 market market NN cord-027960-qzg2jsz6 301 33 share share NN cord-027960-qzg2jsz6 301 34 . . . cord-027960-qzg2jsz6 302 1 These these DT cord-027960-qzg2jsz6 302 2 decisions decision NNS cord-027960-qzg2jsz6 302 3 proved prove VBD cord-027960-qzg2jsz6 302 4 fatal fatal JJ cord-027960-qzg2jsz6 302 5 once once IN cord-027960-qzg2jsz6 302 6 the the DT cord-027960-qzg2jsz6 302 7 real real JJ cord-027960-qzg2jsz6 302 8 estate estate NN cord-027960-qzg2jsz6 302 9 bubble bubble NN cord-027960-qzg2jsz6 302 10 burst burst VBD cord-027960-qzg2jsz6 302 11 , , , cord-027960-qzg2jsz6 302 12 and and CC cord-027960-qzg2jsz6 302 13 they -PRON- PRP cord-027960-qzg2jsz6 302 14 led lead VBD cord-027960-qzg2jsz6 302 15 to to IN cord-027960-qzg2jsz6 302 16 the the DT cord-027960-qzg2jsz6 302 17 nationalization nationalization NN cord-027960-qzg2jsz6 302 18 of of IN cord-027960-qzg2jsz6 302 19 several several JJ cord-027960-qzg2jsz6 302 20 cajas caja NNS cord-027960-qzg2jsz6 302 21 , , , cord-027960-qzg2jsz6 302 22 including include VBG cord-027960-qzg2jsz6 302 23 Bankia Bankia NNP cord-027960-qzg2jsz6 302 24 , , , cord-027960-qzg2jsz6 302 25 and and CC cord-027960-qzg2jsz6 302 26 the the DT cord-027960-qzg2jsz6 302 27 financial financial JJ cord-027960-qzg2jsz6 302 28 bailout bailout NN cord-027960-qzg2jsz6 302 29 from from IN cord-027960-qzg2jsz6 302 30 the the DT cord-027960-qzg2jsz6 302 31 European European NNP cord-027960-qzg2jsz6 302 32 Union Union NNP cord-027960-qzg2jsz6 302 33 . . . cord-027960-qzg2jsz6 303 1 Membership membership NN cord-027960-qzg2jsz6 303 2 in in IN cord-027960-qzg2jsz6 303 3 the the DT cord-027960-qzg2jsz6 303 4 European european JJ cord-027960-qzg2jsz6 303 5 single single JJ cord-027960-qzg2jsz6 303 6 currency currency NN cord-027960-qzg2jsz6 303 7 was be VBD cord-027960-qzg2jsz6 303 8 not not RB cord-027960-qzg2jsz6 303 9 the the DT cord-027960-qzg2jsz6 303 10 panacea panacea NN cord-027960-qzg2jsz6 303 11 that that WDT cord-027960-qzg2jsz6 303 12 everyone everyone NN cord-027960-qzg2jsz6 303 13 expected expect VBD cord-027960-qzg2jsz6 303 14 to to TO cord-027960-qzg2jsz6 303 15 be be VB cord-027960-qzg2jsz6 303 16 , , , cord-027960-qzg2jsz6 303 17 thus thus RB cord-027960-qzg2jsz6 303 18 confirming confirm VBG cord-027960-qzg2jsz6 303 19 the the DT cord-027960-qzg2jsz6 303 20 crucial crucial JJ cord-027960-qzg2jsz6 303 21 importance importance NN cord-027960-qzg2jsz6 303 22 of of IN cord-027960-qzg2jsz6 303 23 domestic domestic JJ cord-027960-qzg2jsz6 303 24 political political JJ cord-027960-qzg2jsz6 303 25 institutions institution NNS cord-027960-qzg2jsz6 303 26 and and CC cord-027960-qzg2jsz6 303 27 how how WRB cord-027960-qzg2jsz6 303 28 domestic domestic JJ cord-027960-qzg2jsz6 303 29 players player NNS cord-027960-qzg2jsz6 303 30 operate operate VBP cord-027960-qzg2jsz6 303 31 within within IN cord-027960-qzg2jsz6 303 32 those those DT cord-027960-qzg2jsz6 303 33 institutions institution NNS cord-027960-qzg2jsz6 303 34 . . . cord-027960-qzg2jsz6 304 1 In in IN cord-027960-qzg2jsz6 304 2 Spain Spain NNP cord-027960-qzg2jsz6 304 3 , , , cord-027960-qzg2jsz6 304 4 the the DT cord-027960-qzg2jsz6 304 5 adoption adoption NN cord-027960-qzg2jsz6 304 6 of of IN cord-027960-qzg2jsz6 304 7 the the DT cord-027960-qzg2jsz6 304 8 euro euro NN cord-027960-qzg2jsz6 304 9 led lead VBD cord-027960-qzg2jsz6 304 10 to to IN cord-027960-qzg2jsz6 304 11 a a DT cord-027960-qzg2jsz6 304 12 sharp sharp JJ cord-027960-qzg2jsz6 304 13 reduction reduction NN cord-027960-qzg2jsz6 304 14 in in IN cord-027960-qzg2jsz6 304 15 real real JJ cord-027960-qzg2jsz6 304 16 interest interest NN cord-027960-qzg2jsz6 304 17 rates rate NNS cord-027960-qzg2jsz6 304 18 that that WDT cord-027960-qzg2jsz6 304 19 contributed contribute VBD cord-027960-qzg2jsz6 304 20 to to IN cord-027960-qzg2jsz6 304 21 the the DT cord-027960-qzg2jsz6 304 22 credit credit NN cord-027960-qzg2jsz6 304 23 boom boom NN cord-027960-qzg2jsz6 304 24 and and CC cord-027960-qzg2jsz6 304 25 the the DT cord-027960-qzg2jsz6 304 26 real real JJ cord-027960-qzg2jsz6 304 27 estate estate NN cord-027960-qzg2jsz6 304 28 bubble bubble NN cord-027960-qzg2jsz6 304 29 . . . cord-027960-qzg2jsz6 305 1 However however RB cord-027960-qzg2jsz6 305 2 , , , cord-027960-qzg2jsz6 305 3 it -PRON- PRP cord-027960-qzg2jsz6 305 4 also also RB cord-027960-qzg2jsz6 305 5 altered alter VBD cord-027960-qzg2jsz6 305 6 economic economic JJ cord-027960-qzg2jsz6 305 7 governance governance NN cord-027960-qzg2jsz6 305 8 decisions decision NNS cord-027960-qzg2jsz6 305 9 . . . cord-027960-qzg2jsz6 306 1 Successive successive JJ cord-027960-qzg2jsz6 306 2 Spanish spanish JJ cord-027960-qzg2jsz6 306 3 governments government NNS cord-027960-qzg2jsz6 306 4 largely largely RB cord-027960-qzg2jsz6 306 5 ignored ignore VBD cord-027960-qzg2jsz6 306 6 the the DT cord-027960-qzg2jsz6 306 7 implications implication NNS cord-027960-qzg2jsz6 306 8 of of IN cord-027960-qzg2jsz6 306 9 EMU emu NN cord-027960-qzg2jsz6 306 10 membership membership NN cord-027960-qzg2jsz6 306 11 and and CC cord-027960-qzg2jsz6 306 12 failed fail VBD cord-027960-qzg2jsz6 306 13 to to TO cord-027960-qzg2jsz6 306 14 implement implement VB cord-027960-qzg2jsz6 306 15 the the DT cord-027960-qzg2jsz6 306 16 necessary necessary JJ cord-027960-qzg2jsz6 306 17 structural structural JJ cord-027960-qzg2jsz6 306 18 reforms reform NNS cord-027960-qzg2jsz6 306 19 to to TO cord-027960-qzg2jsz6 306 20 ensure ensure VB cord-027960-qzg2jsz6 306 21 the the DT cord-027960-qzg2jsz6 306 22 sustainability sustainability NN cord-027960-qzg2jsz6 306 23 of of IN cord-027960-qzg2jsz6 306 24 fiscal fiscal JJ cord-027960-qzg2jsz6 306 25 policies policy NNS cord-027960-qzg2jsz6 306 26 and and CC cord-027960-qzg2jsz6 306 27 to to TO cord-027960-qzg2jsz6 306 28 control control VB cord-027960-qzg2jsz6 306 29 unitary unitary JJ cord-027960-qzg2jsz6 306 30 labor labor NN cord-027960-qzg2jsz6 306 31 costs cost NNS cord-027960-qzg2jsz6 306 32 . . . cord-027960-qzg2jsz6 307 1 These these DT cord-027960-qzg2jsz6 307 2 decisions decision NNS cord-027960-qzg2jsz6 307 3 led lead VBD cord-027960-qzg2jsz6 307 4 to to IN cord-027960-qzg2jsz6 307 5 a a DT cord-027960-qzg2jsz6 307 6 continuing continue VBG cord-027960-qzg2jsz6 307 7 erosion erosion NN cord-027960-qzg2jsz6 307 8 of of IN cord-027960-qzg2jsz6 307 9 competitiveness competitiveness NN cord-027960-qzg2jsz6 307 10 ( ( -LRB- cord-027960-qzg2jsz6 307 11 and and CC cord-027960-qzg2jsz6 307 12 a a DT cord-027960-qzg2jsz6 307 13 record record JJ cord-027960-qzg2jsz6 307 14 current current JJ cord-027960-qzg2jsz6 307 15 account account NN cord-027960-qzg2jsz6 307 16 deficit deficit NN cord-027960-qzg2jsz6 307 17 ) ) -RRB- cord-027960-qzg2jsz6 307 18 , , , cord-027960-qzg2jsz6 307 19 and and CC cord-027960-qzg2jsz6 307 20 a a DT cord-027960-qzg2jsz6 307 21 huge huge JJ cord-027960-qzg2jsz6 307 22 fiscal fiscal JJ cord-027960-qzg2jsz6 307 23 deficit deficit NN cord-027960-qzg2jsz6 307 24 when when WRB cord-027960-qzg2jsz6 307 25 the the DT cord-027960-qzg2jsz6 307 26 country country NN cord-027960-qzg2jsz6 307 27 was be VBD cord-027960-qzg2jsz6 307 28 hit hit VBN cord-027960-qzg2jsz6 307 29 by by IN cord-027960-qzg2jsz6 307 30 the the DT cord-027960-qzg2jsz6 307 31 global global JJ cord-027960-qzg2jsz6 307 32 financial financial JJ cord-027960-qzg2jsz6 307 33 crisis crisis NN cord-027960-qzg2jsz6 307 34 . . . cord-027960-qzg2jsz6 308 1 Indeed indeed RB cord-027960-qzg2jsz6 308 2 , , , cord-027960-qzg2jsz6 308 3 the the DT cord-027960-qzg2jsz6 308 4 experience experience NN cord-027960-qzg2jsz6 308 5 of of IN cord-027960-qzg2jsz6 308 6 the the DT cord-027960-qzg2jsz6 308 7 country country NN cord-027960-qzg2jsz6 308 8 shows show VBZ cord-027960-qzg2jsz6 308 9 that that IN cord-027960-qzg2jsz6 308 10 EU EU NNP cord-027960-qzg2jsz6 308 11 and and CC cord-027960-qzg2jsz6 308 12 EMU EMU NNP cord-027960-qzg2jsz6 308 13 membership membership NN cord-027960-qzg2jsz6 308 14 had have VBD cord-027960-qzg2jsz6 308 15 not not RB cord-027960-qzg2jsz6 308 16 led lead VBN cord-027960-qzg2jsz6 308 17 to to IN cord-027960-qzg2jsz6 308 18 the the DT cord-027960-qzg2jsz6 308 19 implementation implementation NN cord-027960-qzg2jsz6 308 20 of of IN cord-027960-qzg2jsz6 308 21 the the DT cord-027960-qzg2jsz6 308 22 structural structural JJ cord-027960-qzg2jsz6 308 23 reforms reform NNS cord-027960-qzg2jsz6 308 24 necessary necessary JJ cord-027960-qzg2jsz6 308 25 to to TO cord-027960-qzg2jsz6 308 26 address address VB cord-027960-qzg2jsz6 308 27 these these DT cord-027960-qzg2jsz6 308 28 challenges challenge NNS cord-027960-qzg2jsz6 308 29 . . . cord-027960-qzg2jsz6 309 1 On on IN cord-027960-qzg2jsz6 309 2 the the DT cord-027960-qzg2jsz6 309 3 contrary contrary NN cord-027960-qzg2jsz6 309 4 , , , cord-027960-qzg2jsz6 309 5 EMU EMU NNP cord-027960-qzg2jsz6 309 6 contributed contribute VBD cord-027960-qzg2jsz6 309 7 to to IN cord-027960-qzg2jsz6 309 8 the the DT cord-027960-qzg2jsz6 309 9 economic economic JJ cord-027960-qzg2jsz6 309 10 boom boom NN cord-027960-qzg2jsz6 309 11 , , , cord-027960-qzg2jsz6 309 12 thus thus RB cord-027960-qzg2jsz6 309 13 facilitating facilitate VBG cord-027960-qzg2jsz6 309 14 the the DT cord-027960-qzg2jsz6 309 15 postponement postponement NN cord-027960-qzg2jsz6 309 16 of of IN cord-027960-qzg2jsz6 309 17 necessary necessary JJ cord-027960-qzg2jsz6 309 18 economic economic JJ cord-027960-qzg2jsz6 309 19 reforms reform NNS cord-027960-qzg2jsz6 309 20 . . . cord-027960-qzg2jsz6 310 1 This this DT cord-027960-qzg2jsz6 310 2 challenge challenge NN cord-027960-qzg2jsz6 310 3 however however RB cord-027960-qzg2jsz6 310 4 is be VBZ cord-027960-qzg2jsz6 310 5 not not RB cord-027960-qzg2jsz6 310 6 a a DT cord-027960-qzg2jsz6 310 7 problem problem NN cord-027960-qzg2jsz6 310 8 of of IN cord-027960-qzg2jsz6 310 9 European european JJ cord-027960-qzg2jsz6 310 10 institutions institution NNS cord-027960-qzg2jsz6 310 11 , , , cord-027960-qzg2jsz6 310 12 but but CC cord-027960-qzg2jsz6 310 13 of of IN cord-027960-qzg2jsz6 310 14 national national JJ cord-027960-qzg2jsz6 310 15 policies policy NNS cord-027960-qzg2jsz6 310 16 . . . cord-027960-qzg2jsz6 311 1 The the DT cord-027960-qzg2jsz6 311 2 process process NN cord-027960-qzg2jsz6 311 3 of of IN cord-027960-qzg2jsz6 311 4 economic economic JJ cord-027960-qzg2jsz6 311 5 reforms reform NNS cord-027960-qzg2jsz6 311 6 has have VBZ cord-027960-qzg2jsz6 311 7 to to TO cord-027960-qzg2jsz6 311 8 be be VB cord-027960-qzg2jsz6 311 9 a a DT cord-027960-qzg2jsz6 311 10 domestic domestic JJ cord-027960-qzg2jsz6 311 11 process process NN cord-027960-qzg2jsz6 311 12 led lead VBN cord-027960-qzg2jsz6 311 13 by by IN cord-027960-qzg2jsz6 311 14 domestic domestic JJ cord-027960-qzg2jsz6 311 15 actors actor NNS cord-027960-qzg2jsz6 311 16 willing willing JJ cord-027960-qzg2jsz6 311 17 to to TO cord-027960-qzg2jsz6 311 18 carry carry VB cord-027960-qzg2jsz6 311 19 them -PRON- PRP cord-027960-qzg2jsz6 311 20 out out RP cord-027960-qzg2jsz6 311 21 . . . cord-027960-qzg2jsz6 312 1 The the DT cord-027960-qzg2jsz6 312 2 Spanish spanish JJ cord-027960-qzg2jsz6 312 3 case case NN cord-027960-qzg2jsz6 312 4 serves serve VBZ cord-027960-qzg2jsz6 312 5 as as IN cord-027960-qzg2jsz6 312 6 an an DT cord-027960-qzg2jsz6 312 7 important important JJ cord-027960-qzg2jsz6 312 8 reminder reminder NN cord-027960-qzg2jsz6 312 9 that that IN cord-027960-qzg2jsz6 312 10 in in IN cord-027960-qzg2jsz6 312 11 the the DT cord-027960-qzg2jsz6 312 12 context context NN cord-027960-qzg2jsz6 312 13 of of IN cord-027960-qzg2jsz6 312 14 a a DT cord-027960-qzg2jsz6 312 15 monetary monetary JJ cord-027960-qzg2jsz6 312 16 union union NN cord-027960-qzg2jsz6 312 17 , , , cord-027960-qzg2jsz6 312 18 countries country NNS cord-027960-qzg2jsz6 312 19 only only RB cord-027960-qzg2jsz6 312 20 control control VBP cord-027960-qzg2jsz6 312 21 fiscal fiscal JJ cord-027960-qzg2jsz6 312 22 policies policy NNS cord-027960-qzg2jsz6 312 23 and and CC cord-027960-qzg2jsz6 312 24 relative relative JJ cord-027960-qzg2jsz6 312 25 labor labor NN cord-027960-qzg2jsz6 312 26 costs cost NNS cord-027960-qzg2jsz6 312 27 . . . cord-027960-qzg2jsz6 313 1 Spain Spain NNP cord-027960-qzg2jsz6 313 2 proved prove VBD cord-027960-qzg2jsz6 313 3 to to TO cord-027960-qzg2jsz6 313 4 be be VB cord-027960-qzg2jsz6 313 5 weak weak JJ cord-027960-qzg2jsz6 313 6 at at IN cord-027960-qzg2jsz6 313 7 both both RB cord-027960-qzg2jsz6 313 8 . . . cord-027960-qzg2jsz6 314 1 It -PRON- PRP cord-027960-qzg2jsz6 314 2 failed fail VBD cord-027960-qzg2jsz6 314 3 to to TO cord-027960-qzg2jsz6 314 4 develop develop VB cord-027960-qzg2jsz6 314 5 an an DT cord-027960-qzg2jsz6 314 6 appropriate appropriate JJ cord-027960-qzg2jsz6 314 7 adjustment adjustment NN cord-027960-qzg2jsz6 314 8 strategy strategy NN cord-027960-qzg2jsz6 314 9 to to TO cord-027960-qzg2jsz6 314 10 succeed succeed VB cord-027960-qzg2jsz6 314 11 within within IN cord-027960-qzg2jsz6 314 12 the the DT cord-027960-qzg2jsz6 314 13 single single JJ cord-027960-qzg2jsz6 314 14 currency currency NN cord-027960-qzg2jsz6 314 15 , , , cord-027960-qzg2jsz6 314 16 and and CC cord-027960-qzg2jsz6 314 17 it -PRON- PRP cord-027960-qzg2jsz6 314 18 ignored ignore VBD cord-027960-qzg2jsz6 314 19 the the DT cord-027960-qzg2jsz6 314 20 imperative imperative NN cord-027960-qzg2jsz6 314 21 that that IN cord-027960-qzg2jsz6 314 22 domestic domestic JJ cord-027960-qzg2jsz6 314 23 policy policy NN cord-027960-qzg2jsz6 314 24 choices choice NNS cord-027960-qzg2jsz6 314 25 have have VBP cord-027960-qzg2jsz6 314 26 to to TO cord-027960-qzg2jsz6 314 27 be be VB cord-027960-qzg2jsz6 314 28 consistent consistent JJ cord-027960-qzg2jsz6 314 29 with with IN cord-027960-qzg2jsz6 314 30 the the DT cord-027960-qzg2jsz6 314 31 international international JJ cord-027960-qzg2jsz6 314 32 constraints constraint NNS cord-027960-qzg2jsz6 314 33 imposed impose VBN cord-027960-qzg2jsz6 314 34 by by IN cord-027960-qzg2jsz6 314 35 euro euro NNP cord-027960-qzg2jsz6 314 36 membership membership NN cord-027960-qzg2jsz6 314 37 . . . cord-027960-qzg2jsz6 315 1 On on IN cord-027960-qzg2jsz6 315 2 the the DT cord-027960-qzg2jsz6 315 3 contrary contrary NN cord-027960-qzg2jsz6 315 4 , , , cord-027960-qzg2jsz6 315 5 in in IN cord-027960-qzg2jsz6 315 6 Spain Spain NNP cord-027960-qzg2jsz6 315 7 domestic domestic JJ cord-027960-qzg2jsz6 315 8 policies policy NNS cord-027960-qzg2jsz6 315 9 and and CC cord-027960-qzg2jsz6 315 10 the the DT cord-027960-qzg2jsz6 315 11 imperatives imperative NNS cord-027960-qzg2jsz6 315 12 of of IN cord-027960-qzg2jsz6 315 13 participating participate VBG cord-027960-qzg2jsz6 315 14 in in IN cord-027960-qzg2jsz6 315 15 a a DT cord-027960-qzg2jsz6 315 16 multinational multinational JJ cord-027960-qzg2jsz6 315 17 currency currency NN cord-027960-qzg2jsz6 315 18 union union NN cord-027960-qzg2jsz6 315 19 stood stand VBD cord-027960-qzg2jsz6 315 20 in in IN cord-027960-qzg2jsz6 315 21 uneasy uneasy JJ cord-027960-qzg2jsz6 315 22 relationship relationship NN cord-027960-qzg2jsz6 315 23 to to IN cord-027960-qzg2jsz6 315 24 one one CD cord-027960-qzg2jsz6 315 25 another another DT cord-027960-qzg2jsz6 315 26 . . . cord-027960-qzg2jsz6 316 1 The the DT cord-027960-qzg2jsz6 316 2 crisis crisis NN cord-027960-qzg2jsz6 316 3 was be VBD cord-027960-qzg2jsz6 316 4 the the DT cord-027960-qzg2jsz6 316 5 tipping tipping NN cord-027960-qzg2jsz6 316 6 point point NN cord-027960-qzg2jsz6 316 7 that that WDT cord-027960-qzg2jsz6 316 8 brought bring VBD cord-027960-qzg2jsz6 316 9 this this DT cord-027960-qzg2jsz6 316 10 inconsistency inconsistency NN cord-027960-qzg2jsz6 316 11 to to IN cord-027960-qzg2jsz6 316 12 the the DT cord-027960-qzg2jsz6 316 13 fore fore NN cord-027960-qzg2jsz6 316 14 , , , cord-027960-qzg2jsz6 316 15 which which WDT cord-027960-qzg2jsz6 316 16 led lead VBD cord-027960-qzg2jsz6 316 17 to to IN cord-027960-qzg2jsz6 316 18 the the DT cord-027960-qzg2jsz6 316 19 worst bad JJS cord-027960-qzg2jsz6 316 20 economic economic JJ cord-027960-qzg2jsz6 316 21 crisis crisis NN cord-027960-qzg2jsz6 316 22 in in IN cord-027960-qzg2jsz6 316 23 Spanish spanish JJ cord-027960-qzg2jsz6 316 24 modern modern JJ cord-027960-qzg2jsz6 316 25 history history NN cord-027960-qzg2jsz6 316 26 ( ( -LRB- cord-027960-qzg2jsz6 316 27 before before IN cord-027960-qzg2jsz6 316 28 COVID-19 COVID-19 NNP cord-027960-qzg2jsz6 316 29 ) ) -RRB- cord-027960-qzg2jsz6 316 30 . . . cord-027960-qzg2jsz6 317 1 Next next RB cord-027960-qzg2jsz6 317 2 we -PRON- PRP cord-027960-qzg2jsz6 317 3 turn turn VBP cord-027960-qzg2jsz6 317 4 to to IN cord-027960-qzg2jsz6 317 5 the the DT cord-027960-qzg2jsz6 317 6 elements element NNS cord-027960-qzg2jsz6 317 7 of of IN cord-027960-qzg2jsz6 317 8 domestic domestic JJ cord-027960-qzg2jsz6 317 9 bargains bargain NNS cord-027960-qzg2jsz6 317 10 that that WDT cord-027960-qzg2jsz6 317 11 underline underline VBP cord-027960-qzg2jsz6 317 12 the the DT cord-027960-qzg2jsz6 317 13 financial financial JJ cord-027960-qzg2jsz6 317 14 crisis crisis NN cord-027960-qzg2jsz6 317 15 . . . cord-027960-qzg2jsz6 318 1 Immigrants immigrant NNS cord-027960-qzg2jsz6 318 2 at at IN cord-027960-qzg2jsz6 318 3 the the DT cord-027960-qzg2jsz6 318 4 Margins Margins NNPS cord-027960-qzg2jsz6 318 5 UCD UCD NNP cord-027960-qzg2jsz6 318 6 Geary Geary NNP cord-027960-qzg2jsz6 318 7 Institute Institute NNP cord-027960-qzg2jsz6 318 8 Discussion Discussion NNP cord-027960-qzg2jsz6 318 9 Series Series NNP cord-027960-qzg2jsz6 318 10 Chapters Chapters NNPS cord-027960-qzg2jsz6 319 1 The the DT cord-027960-qzg2jsz6 319 2 Rise rise NN cord-027960-qzg2jsz6 319 3 of of IN cord-027960-qzg2jsz6 319 4 Spanish spanish JJ cord-027960-qzg2jsz6 319 5 Multinationals Multinationals NNPS cord-027960-qzg2jsz6 319 6 Competitiveness Competitiveness NNP cord-027960-qzg2jsz6 319 7 and and CC cord-027960-qzg2jsz6 319 8 Growth Growth NNP cord-027960-qzg2jsz6 319 9 in in IN cord-027960-qzg2jsz6 319 10 EMU EMU NNP cord-027960-qzg2jsz6 319 11 : : : cord-027960-qzg2jsz6 319 12 The the DT cord-027960-qzg2jsz6 319 13 Role role NN cord-027960-qzg2jsz6 319 14 of of IN cord-027960-qzg2jsz6 319 15 the the DT cord-027960-qzg2jsz6 319 16 External External NNP cord-027960-qzg2jsz6 319 17 Sector Sector NNP cord-027960-qzg2jsz6 319 18 in in IN cord-027960-qzg2jsz6 319 19 the the DT cord-027960-qzg2jsz6 319 20 Adjustment adjustment NN cord-027960-qzg2jsz6 319 21 of of IN cord-027960-qzg2jsz6 319 22 the the DT cord-027960-qzg2jsz6 319 23 Spanish spanish JJ cord-027960-qzg2jsz6 319 24 Economy Economy NNP cord-027960-qzg2jsz6 319 25 From from IN cord-027960-qzg2jsz6 319 26 Social Social NNP cord-027960-qzg2jsz6 319 27 Democracy Democracy NNP cord-027960-qzg2jsz6 319 28 to to IN cord-027960-qzg2jsz6 319 29 Neoliberalism Neoliberalism NNP cord-027960-qzg2jsz6 319 30 Royo Royo NNP cord-027960-qzg2jsz6 319 31 , , , cord-027960-qzg2jsz6 319 32 Sebastián Sebastián NNP cord-027960-qzg2jsz6 319 33 . . . cord-027960-qzg2jsz6 320 1 Lessons lesson NNS cord-027960-qzg2jsz6 320 2 from from IN cord-027960-qzg2jsz6 320 3 the the DT cord-027960-qzg2jsz6 320 4 Economic Economic NNP cord-027960-qzg2jsz6 320 5 Crises Crises NNPS cord-027960-qzg2jsz6 320 6 in in IN cord-027960-qzg2jsz6 320 7 Spain Spain NNP cord-027960-qzg2jsz6 320 8 After after IN cord-027960-qzg2jsz6 320 9 Austerity Austerity NNP cord-027960-qzg2jsz6 320 10 : : : cord-027960-qzg2jsz6 321 1 Lessons lesson NNS cord-027960-qzg2jsz6 321 2 from from IN cord-027960-qzg2jsz6 321 3 the the DT cord-027960-qzg2jsz6 321 4 Spanish spanish JJ cord-027960-qzg2jsz6 321 5 Experience experience NN