SPAIN'S RECOVERY FAIRYTALE:

Spanish Economy Secretary Jose Manuel Campa said on Friday he expects gross domestic product to return to quarter-on-quarter expansion in the first half of 2010, but analysts warn the worst is not over forone of the hardest-hit economies in the 16-nation euro zone.

"We will start to have quarterly growth in the first half," Campa said during a news conference, confirming an estimate given by Spanish Prime Minister Jose Luis Rodriguez Zapatero.

Most private economists are less optimistic.

Keep reading.