From being the whipping-boy of the Eurozone crisis and, arguably, the greatest success of the EZ rescue plans since, Spain has seen a rapid rise in exports fuelled by lower unit cost rather than from a traditional devaluation of its currency.
With the high levels of unemployment, along with the dangerously high levels of debt, there are still major causes for concern but is there now a realistically bright-ish light at the end of the tunnel?
The FT has published this very informative piece
Possibly gated but available on the basic free subscription