Isabel grew up with Federico and two other siblings in the southern city of Granada in the early 1900s, a period of renaissance for Spanish culture. She moved to Madrid in the 1930s to attend the university, earned a degree in philosophy and started teaching. But after Federico was assassinated in 1936, she fled to Belgium..

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The fiscal space created has allowed the government to boost social spending, leading to a strong improvement in social indicators. Yet, in recent years the share of non discretionary primary spending such as compensation to employees and transfers to social security has grown rapidly. With revenues strongly dependent on output growth, the loss of flexibility in primary expenditure has become a source of concern.may10.27
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