Spain Economic Reforms

Spain must stay the course on economic reforms if it wants to generate growth and reduce its sky-high unemployment rate, ahead of a year-end general election, the International Monetary Fund said Friday.

Spanish Prime Minister Mariano Rajoy on Saturday promised fresh reforms to boost Spain's economic recovery and warned he would continue to resist the drive for independence of the Catalonia region.

Indian markets are likely to open with strong gains according to futures trade. Markets in Asia rose on Friday on hope that economic reform and budget plans unveiled by Spain will help the debt-saddled nation manage its debt imbalances, in a move seen as an effort to pre-empt the likely conditions of international assistance.

Asian shares rose on Friday on hope economic reform and budget plans unveiled by Spain will help the debt-saddled nation manage its debt imbalances, in a move seen as an effort to pre-empt the likely conditions of international assistance.

The agency said it took the actions due to the uncertainty over EU financial reforms, the region's weak economic outlook and the resulting pressure on fragile markets. Moody's moves were less severe than those taken last month by rival ratings agency Standard & Poor's, which downgraded nine European countries, including stripping France and Austria...

Spain must stay the course on economic reforms if it wants to generate growth and reduce its sky-high unemployment rate, ahead of a year-end general election, the International Monetary Fund said Friday.

Spanish Prime Minister Mariano Rajoy on Saturday promised fresh reforms to boost Spain's economic recovery and warned he would continue to resist the drive for independence of the Catalonia region.

Indian markets are likely to open with strong gains according to futures trade. Markets in Asia rose on Friday on hope that economic reform and budget plans unveiled by Spain will help the debt-saddled nation manage its debt imbalances, in a move seen as an effort to pre-empt the likely conditions of international assistance.

Asian shares rose on Friday on hope economic reform and budget plans unveiled by Spain will help the debt-saddled nation manage its debt imbalances, in a move seen as an effort to pre-empt the likely conditions of international assistance.

The agency said it took the actions due to the uncertainty over EU financial reforms, the region's weak economic outlook and the resulting pressure on fragile markets. Moody's moves were less severe than those taken last month by rival ratings agency Standard & Poor's, which downgraded nine European countries, including stripping France and Austria...