Executive summary

November 2012
OECD Economic Surveys: Spain;Nov2012, Vol. 2012 Issue 18, p8
Country Report
Country Report
The article presents an executive summary of Spain's economic conditions and policies as of November 2012. The country's immersion in a prolonged recession is said to be compounded by the debt crisis in the euro zone and the labor market's structural rigidities. Steps taken by the Spanish government to address the financial crisis are also described, including a comprehensive recognition of losses and a tightening of the rules on banks' real estate-related exposures.


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