IMF praises ‘dramatic’ turnaround in Spanish bank sector


The International Monetary Fund (IMF) has published its final report into Spain's financial sector reform programme, delivering an overwhelmingly positive verdict on the economy's turnaround since the eurozone crisis.

The IMF stepped in alongside the European Stability Mechanism (ESM) in mid-2012. The bursting of Spain's housing bubble and the eurozone debt crisis combined to form a "vicious cycle" of "failing banks, unsustainable fiscal deficits, rising borrowing costs, contracting output

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account