IMF Survey : Spain: Maintaining the Strong Growth Momentum

International Monetary Fund

International Monetary Fund (Photo credit: Wikipedia)

Spain gets praise from the IMF, which is quite rare. Check it out!

via IMF Survey : Spain: Maintaining the Strong Growth Momentum.

Spain has taken her austerity medicine undiluted and there are deep scars with youth unemployment at over 50%. BUT Spain has rebounded.

It will be interesting to see how Spain’s voters rate the improvements.

Thoughts?

Insight: Portugal toughs it out as austerity bites | Reuters

austerity

austerity (Photo credit: 401K)

This is an insightful article from Reuters about how Portugal is taking the tough austerity medicine, unlike its neighbour Spain which seems to be trying to get refinancing without the full weight of international austerity strings attached.

Insight: Portugal toughs it out as austerity bites | Reuters.

I think that the Spanish Government still needs to tackle the bloated Spanish Public Sector and the inefficient regional Governments. Spain still seems to be in denial, in my opinion.