IMF Urges Spain To Speed Up Overhaul Efforts

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Greece's prime minister has survived a confidence vote, and now has to push an austerity package through parliament. At the same time, the International Monetary Fund is urging Spain to carrying out deep budget cuts, and try to reduce a jobless rate of more than 20 percent.

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STEVE INSKEEP, host:

NPR's business news starts with the trouble in Greece and in Spain.

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INSKEEP: Greek leaders are battling to prevent their government from defaulting on its debts. The country's prime minister just survived a confidence vote, and now has to push an austerity package through parliament.

At the same time, the International Monetary Fund is urging Spain to step up its reform efforts. The government there is carrying out deep budget cuts, and trying to reduce a jobless rate of more than 20 percent.

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