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| Europe |
| Spain's successful economic reforms makes it immune against financial crisis - Min. |
| 2010-11-26 |
| (KUNA) -- Spanish finance Minister Elena Salgado said Spain's economic reforms and austerity measures undertaken during the global Economic crisis led to the national economy recovery and the reduction on public deficit. A statement by the Ministry quoted Salgado as saying in a meeting of business leaders and executives of the biggest Spanish companies Thursday, that her country was in safe of economic dangers that threaten the region, and there is no risk the Spain will need a financial rescue package. She added that it was still too early to assess the results of some taken reforms, such as the labor market reform, which will undoubtedly create more jobs and boost economic development during the first semester next year. The Spanish government had taken last May a series of measures and austere economic policies to reduce the economic crisis effects and to face the deficit in the state budget which stood at 3.9 percent of GDP recorded last September. Meanwhile, ...back at the ranch... Salgado said that the announcement of Ireland's economic details of its plan for the next phase would ensure financial stability in the EU and the Euro Zone, and will surely relieve the pressure on financial markets and reinforce investors' confidence. Dublin announced Wednesday its strict austerity plan aiming at providing 15 billion Euros by 2014. |
| Posted by:Fred |
| #5 I find it curious that they ignore the high unemployment rate and double digit inflation. Government speak to calm the fears of an uncertain future. |
| Posted by: Dale 2010-11-26 21:41 |
| #4 This is a very sad time for Ireland. Things were booming just a couple of years ago. Jobs, good pay and a rosy future. Now the youth are leaving to find a better life elsewhere. |
| Posted by: Dale 2010-11-26 21:36 |
| #3 Spain is safe. Until Monday |
| Posted by: European Conservative 2010-11-26 20:09 |
| #2 They also got a big economic boost and created oodles of jobs with their green energy program. Oh, wait! That was a colossal...I'm trying not to use the word scam. Let's just say failure. So never mind! |
| Posted by: SteveS 2010-11-26 13:38 |
| #1 Hahahahahahaha hahahahahaha hahaha hahahahahaahah haha hahahahahaaha! wipes away tears. |
| Posted by: Bright Pebbles 2010-11-26 11:53 |