The World Factbook about Spain Spain's mixed capitalist economy supports a GDP that on a per capita basis is three-fourths that of the four leading West European economies. Its center-right government has staked much on gaining admission to the first group of countries to implement the European single currency and, based on economic indicators, Madrid appears poised to be in EMU from the outset. The government, for political reasons, has made only limited progress in changing labor laws or reforming pension schemes, which are key to the sustainability of both Spain's internal economic advances and its competitiveness in a single currency area.
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