IMF urges further Spanish reforms

Spain must follow its proposed massive cuts in public spending with tough reforms in the labour market and far-reaching reform in pension provision, according to the International Monetary Fund, May 2010.

In an interim assessment published on the 24 May 2010 ahead of the full so-called 'Article 4' annual health check on the Spanish economy, IMF staff economists issued a series of blunt warnings about the need for reforms to generate growth.

ESO: Background information: Spain denies talk of IMF rescue http://www.europeansources.info/record/spain-denies-talk-of-imf-rescue/

BBC News, 24.5.10: IMF raises fresh concerns about the Spanish economy http://news.bbc.co.uk/1/hi/business/10149806.stm

IMF, 24.5.10: Spain—2010 Article IV Consultation Concluding Statement of the Mission http://www.imf.org/external/np/ms/2010/052410.htm

IMF: Country Reports: Spain and the IMF http://www.imf.org/external/country/ESP/index.htm

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