If We Didn't Have the NYT to Tell Us That Spain's Structural Reforms Were Working So Well, We Probably Would Never Know It

That's because the data don't give any evidence of a great success. Nonetheless after noting the difficulties that France and Italy are facing in the implementation of labor market reforms, the NYT told readers:

"By contrast, the idea of making Luis De Guindos the new head of the Eurogroup, which brings together the zone’s finance ministers, is a good one. Spain’s finance minister is in a perfect position to explain to his colleagues the value of structural overhauls, because they have worked...