Spanish Economy at Risk -IMF

[emezico]

In an annual report, the International Monetary Fund (IMF) said the Spanish government had to continue work to reduce public spending, and increase efforts to liberalise its jobs market.

Since last year Madrid has been carrying out austerity measures to reduce the country's public deficit.

Unlike other highly indebted eurozone nations such as Greece and Portugal, it has not needed an outside bail-out.

While the IMF did not comment on whether this remained a possibility for Spain, it warned that financial conditions could deteriorate further in the eurozone, which "could put additional pressure on sovereign and bank funding costs for Spain".


BBC