Spain is immersed in a prolonged recession that has been compounded by the continuing crisis in the euro area. The path to recovery has been launched, but will require full implementation of reforms and some additional measures to restore confidence in the financial sector, redress public finances and bring down high unemployment, according to the OECD’s latest Economic Survey of Spain.
OECD Secretary-General Angel Gurría welcomes the Spanish government's budget and the economic policy measures announced yesterday.
OECD Secretary-General Angel Gurría said Spain’s comprehensive reform programme is a major step forward in strengthening the country’s banking system and its public finances, as well as creating a more dynamic labour market.
El Secretario General de la OCDE, Angel Gurría, afirmó que el paquete de reformas aprobadas por el Gobierno Español es un importante paso en el fortalecimiento del sistema bancario, de las finanzas públicas, así como en la creación de un mercado laboral más dinámico.
Governments should invest more in disadvantaged schools and students to ensure that everyone gets a fair chance, according to a new OECD report.
Though the economic crisis has forced Spain to cut public spending in the past year, including to development co-operation, its aid has almost doubled since 2003. Spain still has plans to meet the international target of committing 0.7% of its gross national income to development aid.
People with university degrees have suffered far fewer job losses during the global economic crisis than those who left school without qualifications, according to the latest edition of the OECD’s annual Education at a Glance.
La OCDE saluda el anuncio hecho por el gobierno español el pasado viernes 26 de agosto, relativo al acuerdo alcanzado en el Parlamento con los partidos de la oposición, para fijar en la Constitución un límite máximo al déficit presupuestario.
The OECD’s welcomes the announcement by the Spanish government last Friday August 26th about having agreed with the opposition parties in Parliament to enshrine a set of deficit limits in the Constitution.
Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.