Spain has gone from the eurozone's fastest growing economy to a country blighted by recession and the highest unemployment rate in the industrialised world. We look at where it all went wrong. As recently as 2007, Spain had the euro zone’s fastest growing economy at 3.5pc and posted a budget surplus of 1.8pc of gross domestic product Output had expanded steadily since 1993 amid a wave of privatisations and a property boom fuelled by low interest rates and entry to the euro. Since then, the boom turned to bust and sent unemployment soaring while saddling banks with bad debts, as the economy has been locked into a ... (full story)