IMF calls for urgent reform in Spain

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On Monday, the IMF called on Spain for “urgent” banking and labor reforms as Zapatero’s government struggled to rein in Spain’s public deficit amid a worsening European debt crisis. “Spain’s economy needs far-reaching and comprehensive reforms,” said the IMF report. Challenges facing Spain according to the IMF are “severe”, with a “dysfunctional labor market, the deflating ...

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