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MAR 03, 2014 - The Guardian

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Christine Lagarde angers Spain with repeat prescription of austerity

IMF head urges Madrid to keep on shaking up the labour market, raising taxes and deregulating businessChristine Lagarde, the head of the International Monetary Fund, has poured cold water on claims from the Spanish government that the recession is over and the country is on the road to recovery.Speaking at the Global Forum on Spain in Bilbao she said: "Thanks to the formidable actions over the past five years, Europe – and Spain –are now turning the corner. Yet the task is far from finished. Growth remains too low and unemployment too high for us to declare victory on the crisis."The scars ... Read More

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