Spain is navigating through stormy economic waters, but the time for further structural reform has come.
Spain’s ten year bond yields have soared to over 7 per cent in recent months, and its banks have been bailed out by European partners. But, as Manuel Muniz and Alexandre Pérez argue, there are reasons to be hopeful about the Spanish economy. Productivity has improved, exports are climbing and debt levels are not as alarming as some figures suggest. […]