IMF Gives Spain Thumbs Up But Warns on EU, Markets

The International Monetary Fund praised Spain for measures it is taking to confront the crisis but warned their success would depend on lower stress within debt markets.

from Telegraph.co.uk

The International Monetary Fund on Friday praised Spain for the measures it is taking to confront the crisis but warned their success would depend on steps being taken at the European Union level and lower stress within sovereign debt markets.

In its annual report on the Spanish economy, the IMF said mounting market pressure on Spain and soaring borrowing costs would have negative consequences for the rest of Europe.

“All in all, the Spanish authorities have been proactive in the adoption of measures throughout the crisis, with a significant intensification in recent months,” the Fund said in its article IV report.

Continue Reading at Telegraph.co.uk…

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