Memo: Statement by Vice President Rehn on Spain

On 22 January 2014 the Spanish financial sector programme formally concluded after 18 months. The programme achieved its twin objectives of repairing and reforming the Spanish financial sector, and in so doing, helping to create a sound basis for the economic recovery. These efforts were carried out alongside major structural reforms aimed at restoring competitiveness, and significant fiscal consolidation to ensure the sustainability of public finances.

ESO: Background information: EU ends funding for Spanish banks, praises austerity http://www.europeansources.info/record/eu-ends-funding-for-spanish-banks-praises-austerity/

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