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"Today the European Commission is to reprimand Spain over major imbalances in unemployment and public debt," and the country’s reliance on external financing, announces El Periódico.
Following this warning, which is the third to be issued in three years, the EU will conduct a "comprehensive" evaluation of the reforms launched by Prime Minister Mariano Rajoy, and in particular the labour market reform to reduce unemployment, and the pension reform to reduce the social security deficit.
At the same time, notes the Barcelona daily, on November 14, the Eurogroup will discuss drawing the bailout of the Spanish banking system to a close, but without ruling on the possibility of further aid.
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