IMF urges further Spanish reforms

Spanish private equity has done surprisingly well in 2010

Strong and wide-ranging policies have assisted in the gradual rebalancing and recovery of the Spanish economy but authorities must persist with further fiscal and structural reforms, the IMF's mission to Spain said on Wednesday.

At the Article IV Consultation Concluding Statement gathering, held in Madrid, Spain, the IMF said that while the economy was gradually recovering and the rebalancing was underway, the repair of the economy was "incomplete" and that there can be "no let-up" in the reform

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