Sustained period of GDP growth above 3% — check. Continually falling unemployment — check. Considerable progress in fixing the banking sector — check. Ten-year government yield falling from 4% to less than 1.5% — check. For over two years Spain has continually been one of the fastest growing economies in the euro area. In the second quarter of 2017 Spain recorded quarterly growth of 0.9%, above the already impressive 0.6% average for the whole of the euro area. This notwithstanding, Spain’s unemployment rate still stands at 17%, the highest rate among major euro area countries apart from Greece. Additionally, the