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IMF praises Spain, Ireland reforms but warns of risks

MADRID/DUBLIN (Reuters) - Spain and Ireland have made strong progress in fixing their economies but recovery will hinge on their capacity to clean up ailing lenders, create jobs and maintain investor confidence, the IMF said on Wednesday.Full story

News Summary: IMF seeks urgent job steps in Spain

RAIN IN SPAIN: The International Monetary Fund is calling for "urgent action" to tackle Spain's stifling unemployment and the implored leaders there to get credit to businesses so that they can expand. Full story

Cyprus says fully committed to implementing EU/IMF bailout

NICOSIA (Reuters) - Cyprus is fully committed to implementing an EU/IMF bailout that saved the island nation from bankruptcy and is not attempting to renegotiate its terms, the government's spokesman said on Wednesday. Full story

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Related Photos

Daniel, Head of the International Monetary Fund (IMF) mission for Spain, speaks beside Teja, Deputy Director of IMF in Europe, during their news conference at Bank of Spain in Madrid
Daniel, Head of the International Monetary Fund (IMF) mission for Spain, speaks beside Teja, Deputy Director of IMF in Europe, during their news conference at Bank of Spain in Madrid

James Daniel , Head of the International Monetary Fund mission for Spain, speaks beside Ranjit Teja, Deputy Director of IMF in Europe, during heir news conference at Bank of Spain in Madrid June 19, 2013. Spain has made strong progress on fixing its economy, the IMF said on Wednesday, although it w

Daniel, Head of the International Monetary Fund (IMF) mission for Spain, talks with Teja, Deputy Director of IMF in Europe, at the start of their news conference at the Bank of Spain in Madrid
Daniel, Head of the International Monetary Fund (IMF) mission for Spain, talks with Teja, Deputy Director of IMF in Europe, at the start of their news conference at the Bank of Spain in Madrid

James Daniel , Head of the International Monetary Fund mission for Spain, talks with Ranjit Teja, Deputy Director of IMF in Europe, at the start of their news conference at the Bank of Spain in Madrid June 19, 2013. Spain has made strong progress on fixing its economy, the IMF said on Wednesday, a

A butcher waits for costumers at Triana market in Seville
A butcher waits for costumers at Triana market in Seville

A butcher waits for costumers at Triana market in the Andalusian capital of Seville, southern Spain June 19, 2013. Spain has made strong progress on fixing its economy, the IMF said on Wednesday, although it warned more steps were needed to tackle a difficult outlook. REUTERS/Marcelo del Pozo (SPAIN

Daniel, Head of the International Monetary Fund (IMF) mission for Spain, gestures as he talks during a news conference at Bank of Spain in Madrid
Daniel, Head of the International Monetary Fund (IMF) mission for Spain, gestures as he talks during a news conference at Bank of Spain in Madrid

James Daniel , Head of the International Monetary Fund mission for Spain, gestures as he talks during a news conference at Bank of Spain in Madrid June 19, 2013. Spain has made strong progress on fixing its economy, the IMF said on Wednesday, although it warned more steps were needed to tackle a di