Is There Strength in Spanish Exports?

Monday, 30 Jul 2012 | 3:30 AM ET

"This is the only way that Spain can expect to grow in the next year through the net export contribution which will have to offset a significant contraction in domestic demand. But if we continue to see a situation whereby Germany and France slowdown then Spain will have a doubly hard task," Guillaume Menuet, European economist at Citi, told CNBC.