Spain: Financial Sector Reform—Final Progress Report
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Summary:
This paper discusses key findings of the progress report on financial sector reforms in Spain. Spain’s European Stability Mechanism (ESM)-supported program of financial sector reform aimed to assist economic recovery by promoting financial stability. The program was adopted in mid-2012. The Spanish authorities’ implementation of the program has been steadfast. All of the program’s specific measures are now complete. Major structural reform efforts in a variety of areas (including labor and fiscal policies) will need to continue to achieve sufficiently rapid growth to bring unemployment down to reasonable levels over the medium term.
Series:
Country Report No. 2014/059
Subject:
Banking Commercial banks Credit Financial institutions Loans Money Public debt Stocks
English
Publication Date:
February 20, 2014
ISBN/ISSN:
9781475517804/1934-7685
Stock No:
1ESPEA2014001
Pages:
56
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