International Monetary Fund or known as the IMF have warned last Monday that Spain will urgently needed a far reaching and this comprehensive reforms upon coming toward terms with this economic burdened through this poor public finances that been aggravated through euro crises. The underlying concern of Spain considered as quite numerous and even severe upon creating economic recovery that serve as weak and even fragile based on IMF. Of this nutshell, the entire economy includes those private sectors, the labor of marketing and even those banking sector is quite full of weaknesses. The poor productivity and this weak competitiveness will be slowing down upon recovery unless its reforms will be implemented in immediate manner upon overhauling labor forces and for its growth development. With this unemployment rating that have already reaches just about 20%, government will now urges to take on radical measures. High unemployment and their poor investment will continually hamper the domestic demand. However, weak euro will support of stimulating over the export and eventually support its developmental production and growth.

Although, the Spanish banking sector will now basically sounds as consolidating the needs of speed up to its reduction for over-capacity and even development of investment property Spain solidarity. The mere concern that been mentioned through this IMF is considered as quite important as part of bank assets of the land especially to its difficult value. Accessing over this credit market will remain limited that support of reducing its earnings. Last Saturday, Bank of Spain will now take control upon saving the bank of CajaSur. Bank have reported for about 114 million euro that is quite equivalent to US $140.4 upon the losses of first quarter of this year that follows 596 million of losses in 2009. The property market of Spain have now collapse behind to its shortfall. However, CajaSur entirely account upon its scarcely for this 0.6% assets for Spanish banking system and will not entirely be affecting banking system according to the Bank in Spain. Spain is now considered as one of European Union nations that have severely hit on through this financial crisis that been deflated through its real estate bubble and have currently faces its worse recession for over 60 years.