‘IMF demands more labour reforms to ease dismissals and lower salaries’

Published on 20 June 2013 at 10:20

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The International Monetary Fund (IMF) released a final statement on June 18 following its mission to Spain, demanding the government tackle “unacceptably high” unemployment levels by reforming the labour market to make it “more job-friendly and inclusive”.

It said Europe should take a more active role in easing Spain’s adjustment and called for additional wage flexibility and a rise in indirect taxes such as VAT, before repeating a demand for the country to complete delayed structural reforms.

El País highlights that the

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IMF welcomes the reforms made by the governement but wants more [....] asking for another step forward in reforms to the labour market.”

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