The North Africa Journal: Spain to Lead a New European Economic Offensive in North Africa Spain to Lead a New European Economic Offensive in North Africa ================================================================================ Arezki Daoud on 08 May, 2009 08:03:00 But the ongoing global economic crisis appears to be reshuffling the cards once again. The southern Med (SoMed) region is also hit by the financial turmoil that started in the US market. As such, foreign direct investments (FDI) moving into SoMed dropped by an estimated 40% in 2008 in value terms to settle at €35.5 billion, according to ANIMA Investment Network. Continue here.