Spain must make wide ranging reforms, weak recovery-IMF

Spain must make far reaching, comprehensive reforms, including to the labour market, while its economic recovery remains fragile, The International Monetary Fund said on Monday.

Webmaster's Commentary: 

In every monetary system where a private central bank issues the public currency at interest, there can never be a recovery because debt always outstrips the money supply. What the IMF is saying is what bankers have said throughout history; "You must make do with less so that we may have more. You must make do with less so that we may have more. You must make do with less so that we may have more."

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