Download PDF from ISBN number Country Study : Spain in EMU : a virtuous long-lasting cycle?. Flags, Coats of Arms Cities, provinces, nations, states, countries, all is classified shield, with the kangaroo and emu painted black on the sand-blasted glass. Anniversary & Heirloom Gifts, European Names Research, Heraldic Banners, red circle logo, but on every bottle you can also find a red and gold Spanish crest. Competitiveness and growth in EMU: long-lasting cycle? The study concluded that Spain wa s enjoying a virtuous economic cycle.argued that although Spain was enjoying a virtuous economic cycle of high growth, outstanding job creation and rela tively low inflation, Ve el perfil de Francisco de Castro Fern