Spain shares IMF analysis of economic situation

24th May 2010, Comments 0 comments

The Spanish government shares the analysis of the economic challenges facing Spain issued Monday by the IMF, which called for 'urgent' labour and banking sector reforms, the finance ministry said.

"The IMF analysis of the situation coincides with that of the government, which believes the Spanish economy has entered into a phase of stabilisation after the severe crisis of the last two years but that this recovery is still weak and therefore the government should not delay reforms," it said.

© 2010 AFP

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