Spain should control public spending-BBVA chairman

SANTANDER, June 14 Mon Jun 14, 2010 6:29am EDT

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SANTANDER, June 14 (Reuters) - Spain should control public spending and ensure transparency, while implementing necessary structural reforms in pensions, labour, health and education, the head of Spain's second-largest bank BBVA said on Monday.

The country also needs to significantly reduce the size of its banking sector and inject a sufficient amount of capital to restructure the financial system, BBVA BBVA.M chairman Francisco Gonzalez said at a conference. (Reporting by Carlos Ruano; writing by Judy MacInnes)

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