With seven times the landmass of Ireland and ten times the population, the scale of Spain is not to be underestimated. Neither is the size of the opportunity – it can be seen as a valuable bridge to the South American market. Having suffered enormously in the financial crash, the country is showing sustained recovery. Banking sector balance sheets are stronger, private sector debt is coming down and credit availability is improving. Reforms instituted on foot of the crisis has enabled Spain’s economy to become more competitive, flexible and resilient.