Spain’s economy needs bold leadership to prevent the collapse of its banks and to reform its labour market

Muniz, Manuel (2012) Spain’s economy needs bold leadership to prevent the collapse of its banks and to reform its labour market [Online resource]

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Despite growth and budget surpluses in the lead up to the financial crisis, Spain now faces falling GDP and high unemployment. Manuel Muniz argues that Spain urgently needs to recapitalize its banks and to institute economic reforms to increase its competitiveness and bring back growth.