Spain is coming out of recession, but the crisis is far from over. The government cannot afford to rest on its laurels and relax the pace of reforms. To do so, would store up problems for the future.
http://www.realinstitutoelcano.org/wps/portal/rielcano_eng/Content?WCM_GLOBAL_CONTEXT=/elcano/Elcano_in/Zonas_in/WP12-2013-Chislett-Emerging-Spain