Tag: reform

reform
Tuesday, May 25th 2010 - 00:57 UTC

IMF bluntly tells Spain austerity and reform measures are not enough

Urgent reforms needed for labour market and banking sector

The International Monetary Fund has raised fresh concerns about Spain's economy, saying “far-reaching” reforms are needed to ensure its recovery. It said the country faced “severe” challenges, including the need to urgently reform a “dysfunctional” labour market, and its banking sector.

Wednesday, May 5th 2010 - 01:27 UTC

Cuba Fires Ministers, Considers Opening Sugar Industry to Foreign Investors

Sugar was once the main export of Cuba, but the emblematic industry after decades of bureaucratic management needs to be subsidized

Cuban President Raúl Castro replaced two high-level government ministers citing errors and incompetence, in the latest round of replacements at top-level government posts. There are also signs that Cuba might turn the sugar industry to foreign investment.

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