Spanish economy expands faster, shows potential of reformed-Europe

Latest data shows that Spanish GDP grew further in second quarter of 2015, shrugging off any fear of slowdown amid Greek crisis and looming rate hike from US Federal Reserve.

• Spanish economy grew 3.1% in second quarter from a year ago, growth registered 1% gain from previous quarter. Spanish economic growth improved for nine consecutive quarters, with positive consecutive growth in last six.

Spanish economy provides evidence of growth potential in Europe if the economies are able to pursue reforms amid weaker Euro.

Over Recent turmoil many of the European bourses have wiped out all the gains for the year, which makes them cheap enough to invest.

Spain's benchmark stock index, IBEX35 is currently trading at 10250, flat for the year and still 5000 points below its 2007/08 peak.

European equities are likely to benefit massively thanks to ultra-loose monetary policy from European Central Bank, return of global growth and weaker Euro.