MADRID, 11 (SERVIMEDIA)
The European Commission and the European Central Bank (ECB) on Thursday warned Spain that, despite the improving economy and the financial system, ?? some important reforms are not yet complete ??.
This was contained in the report of the technicians of both agencies who visited Spain in October to discuss the situation of the economy after exit the rescue almost a year ago, which suggest that despite the positive trends ?? ??, there’s that ?? ?? vigilant as significant imbalances still persist.
In this regard, the report notes that ?? large imbalances in the period before the crisis and the challenges of labor market remain substantial ??.
In this way ensures that achieving sustainable economic and employment growth and maintain social cohesion ?? remains a difficult challenge ?? that require ?? full and effective implementation of the reform agenda ??.
According to the Commission and the ECB, adopt measures to ensure that employment policies are more effective ?? reduction Unemployment ?? It is only gradually advancing ?? ?? due to the division of powers to the regions and ?? considerable inertia in the system ??, which proves to be a long and complex ?? ?? process.
It is unfortunate that no further reforms are planned to tackle ?? high degree of labor market duality ?? adding that the increase in social spending and the specific measures to support the weaker sectors of the labor market, ?? have not been sufficient to offset the effect of the crisis ??.
Also warn about the law of market unit, whose rate of implementation could be improved ?? ??, and delays in other important measures, such as indexation law or professional services, which has not even yet submitted to Parliament.
(SERVIMEDIA)
DEC 11 14
MFM / caa
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