VOICED : FMI recomienda bajar salarios

The FMI suggests that Spain's economic contraction may soon end, but high unemployment remains a concern. A better balance between salary reductions and job losses is needed. Despite positive signs, Spain faces difficult economic prospects and requires more support from Europe. Spain is undergoing a challenging adjustment following years of economic boom, which is crucial for both Spain and the eurozone. The FMI insists on budget cuts to reduce Spain's deficit from 7% of GDP in 2012 to 5.5% by 2014.

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