Spain's fragile recovery continues

Spain's economy grew for the second quarter in a row in Q4, the Bank of Spain says, expanding by 0.3% on quarter.

However, the recovery remains fragile, with 2013 GDP falling 1.2%. (PR)

In addition, unemployment edged up to 26.03% last quarter from 25.98% previously and was above consensus of 26%. Still, the number of people out of work dropped by 8,400. (PR)

The IBEX 35 is +0.4% and the euro is +0.7% at $1.3638.

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