The recent IMF proposals to help stimulate growth and job creation in Spain at least deserve serious consideration. In a blog post which sought to defend the recent IMF proposal to for a social compact involving a 10% reduction in Spanish wages and salaries, the EU Economy and Finance Commissioner Olli Rehn cited a line from Bob Dylan – “Something is happening here, but you don’t know what it is”.
Economix: In Spain, Simply Doing Nothing is Not an Option!
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