IMF to inspect Spain's finances

A MISSION from the International Monetary Fund (IMF) was due to visit Spain today to carry out a routine study of the country's financial system, as part of an annual global report, a government official said last night.

Concerns over Spanish banks' exposure to the collapsed property market remain acute and are major reasons behind market distrust of Spanish and other poorly performing countries.

However, the Economy Ministry said: "It's an ordinary visit carried out by the IMF as part of its global financial stability report."