- Says Spain committed to carry out all necessary reforms
- Fiscal consolidation need not affect recovery
- Not contemplating new measures
Strauss-Kahn says it is possible Spanish reforms will hold back growth and that it is stress tests are important for transparency and should be done sooner rather than later. There is concern about growth in euro zone countries, Stauss-Kahn said.
EUR/USD trades with an easier tone, now at 1.2361.
