The European Commission published, on 7 May, the first post-programme surveillance report on Spain, after the country exited its bailout scheme last January. According to the Commission, the positive trend persists in policy implementation and economic adjustment, and investors´ confidence has also rebounded.
However, DG ECFIN’s experts underline that numerous challenges are ahead for the Spanish economy. The high level of private and public debt continues to weigh on growth, and so does the rate of unemployment, which has been…