Who is expecting an ‘immediate’ recovery for heavens sake? Sheesh…..
- Decisive policy action needed in Spain if the economic and financial situation is to be turned around
- Spain needs to implement further structural reforms to boost employment
- Spain govt should aim to meet 2012 headline deficit target unless GDP growth far lower than expected
- Spending cuts to reach 2014 deficit target and permanent budgetary measures should be spelled out
- Further pension reform would improve long-term sustainability
