Spain Defeats the Extreme-Left Populists

Spain, the Eurozone’s fourth largest economy, has been without a real government since October, when the campaign for a general election kicked off. After an inconclusive result, the country was left in political limbo. That status will change soon due to last week’s elections, which produced a clearer outcome.
Without an effective government, Spain has been doing quite well: the economy has been growing at a faster pace (3.2% annualized) than before, well ahead of Germany, France, et al. Unemployment has been coming down at a faster rate than in neighboring countries (from 25% to 22%, and falling). The less that

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