European Parliament Library

Spain :, Staff Report for the 2011 Article IV Consultation; Public Information Notice; Statement by the Staff Representative; and Statement by the Executive Director for Spain

A decade of strong expansion in the Spanish economy led by a credit-fueled housing boom was hit by three major shocks. The policy response to Spain’s economic challenges has been strong and wide-ranging, helping to strengthen market confidence. A decisive implementation of the envisaged financial sector reform strategy would help allay lingering market concerns. A bold strengthening of labor market reforms is needed to substantially reduce unacceptably high unemployment. Further progress needs to be made on enhancing competition in nontradable sectors
Table Of Contents
Cover; Contents; I. Context: Navigating the Storm; II. Recent Developments: A Weak Recovery; Boxes; 1. Savings Bank Reform; 2. How Much Has Spain's Private Sector Rebalanced?; 3. Spain's International Investment Position; III. Outlook: A Modest Cyclical Recovery Amidst Headwinds and Tail Risks; 4. The Potential Size of Negative Spillovers from Spain; IV. Policy Agenda: Enhancing Market Confidence and Moving to a New Growth Model; A. Financial Sector: Completing the Reforms; B. Fiscal Policy: Achieving the Ambitious Consolidation Targets and Beyond; 5. Pension Reform
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
Form Of Item

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