although the EU Spring Summit just concluded adopted the comprehensive programme of response to the eurozone sovereign debt crisis, but market concerns over the eurozone debt crisis did not eliminate, Portugal was entered for help "Countdown". In this regard, Spain Prime Minister Jose Luis Rodriguez Zapatero on Friday announced a deal with the crisis in the country's new economy (310,358, Fund) measures to boost market confidence.
previously, Spain the Government has launched various initiatives to cut expenditure and reforms, but the pace of the country's economic recovery remains slow. Jose Luis Rodriguez Zapatero says Spain the measures announced by the Government, including a series of State and the autonomous communities linked to public expenditure and GDP of the new requirements, and tax evasion. New measures included the establishment of competitiveness Advisory Board, implementation of the reform of the financial system.
Spain adopted new economic measures, to prove to the market, its large deficit entirely within the control. But Spain's economy is relatively large, which will make the plight of European financial system faces enormous challenges. There is a market analysis, out of neighbouring Portugal worries, Spain may also need to come from the European Union and the International Monetary Fund (IMF) assistance. (Wu Jiaming)
