Wednesday, April 22, 2009

Spend less on your people and more on us bankers

IMF urges Spain to curb spending, defend banks

Spain should be wary of extra fiscal stimulus measures and must prepare contingency plans for bank bailouts to head of possible systemic risk, the International Monetary Fund said on Wednesday. In a report following a regular review of Spain, the IMF said Spain had to present plans to cut a ballooning budget deficit and needed to launch reforms in labour and economic markets to raise economic competitiveness.

Posted by little professor @ 08:14 PM (696 views)
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