IMF prescribes faster eurozone progress for both Spain and Germany


Teams from the International Monetary Fund (IMF) today reported back from Spain and Germany, finding reasons to be optimistic despite both countries in their own way being held back by slow progress on wider eurozone issues.

In Spain, the IMF was conducting its third ‘independent monitoring mission' of the financial sector in the context of the European financial assistance for bank recapitalisation, agreed with the Spanish authorities and the European Commission (EC) on July 20, 2012.


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