Monday's review by the European Commission and the European Central Bank concludes that banking sector conditions "have broadly stabilized" since the start of the program in June.
Access to credit markets has also improved, both for the government and for the private sector.
"The successful conclusion of the second review mission to Spain shows that the repair and reform of the Spanish financial sector is proceeding apace," said Olli Rehn, the European Union's monetary affairs commissioner.
Despite the economic problems, the review says Spain needs to make progress toward balancing its budget. |