The Spanish austerity plan gets a thumbs-up from Brussels, EU economic chief Rehn calling it...

|By:, SA News Editor

The Spanish austerity plan gets a thumbs-up from Brussels, EU economic chief Rehn calling it "concrete, ambitious, and well-focused," and importantly noting it follows the recommendations made by the European Commission this year. His words suggest Spain can submit to a bailout without needing to agree to any more reforms than it's already imposed on itself.