Christine Lagarde, director of the IMF, said the Spanish government is taking “measures very, very brave” to tackle the economic crisis and reduce the deficit.

“The Spanish government is taking steps very, very brave. If you look at bank restructuring, if you look at structural reforms to make the Spanish economy more agile, flexible, able to achieve growth, to help people create jobs, “said Lagarde. According to the managing director, Mariano Rajoy executive “is taking some measures to reduce the fiscal deficit” that are “hard but brave” so they have to be supported.