IMF calls for more reforms from Madrid

The repair of Spain’s crisis-stricken economy is incomplete and the risks of further setbacks are 'considerable', the International Monetary Fund said on the 21 June 2011, amid continued nervousness in the eurozone over possible contagion from the Greek crisis.

The IMF asked Spain for 'braver' labor reforms that reduce the costs of dismissing workers, make collective bargaining more flexible and decouple pay increases to inflation.

ESO: Background information: Hard slog to reach sunlit uplands http://www.europeansources.info/record/hard-slog-to-reach-sunlit-uplands/

ESO: Background information: IMF praises Spanish reforms http://www.europeansources.info/record/imf-praises-spanish-reforms/

IMF: Country Reports: Spain and the IMF http://www.imf.org/external/country/ESP/index.htm

El País, 21.6.11: IMF demands 'braver' labor reforms from Spain http://www.elpais.com/articulo/english/IMF/demands/braver/labor/reforms/from/Spain/elpepueng/20110621elpeng_11/Ten

BBC News, 21.6.11: IMF says Spain's economy still facing major risks http://www.bbc.co.uk/news/business-13867158

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