IMF delivers harsh report on Spanish economy

You know if we did not know of the IMF's impeccable honesty, you would think this is a set up. Next might be Italy, Ireland and GB?

Jim

Austerity for all but the US. Devaluation is the key to mitigating economic effects of the huge burdens across the global. Those that devalue show signs of economic recovery and to varying degrees social discontent.

The International Monetary Fund urged Spain to enact speedy and far-reaching economic reforms, saying its recovery from financial crisis was weak so far, according to a report released Monday.

Source: businessweek.com