FTSE 100 gained 22% over the year ending at 5418. A staggering 56% increase from March to the year end. The record growth since 1997. Euro exhange rate up from 1.02 to 1.12, which represents some comfort to expats in Spain, but I am sure they would prefer to see it go higher. Despite Mr Zapatero’s comments, Spain will continue in the doldrums for quite some time.