Spanish Prime Minister Mariano Rajoy demanded Monday that the European Union take new measures to compliment the efforts made by Spain to emerge from the economic crisis and longest recession in recent history.

Rajoy made this request of the EU at the close of the Global Economic Forum held in the northern city of Bilbao.

The gathering was attended by International Monetary Fund chief Christine Lagarde, EU economic officials and executives from Spain's leading companies and financial institutions.

The prime minister reiterated his message of optimism with regard to the future of the Spanish economy and said that it is already in a phase of recovery that will steadily improve until there is, once again, a net creation of jobs.

To help achieve that objective, Rajoy urged the EU to move forward in different areas, including structural reforms and creating a genuine banking union.

In addition, in the short term, Rajoy asked the EU to take measures to favor liquidity in the economies that are seeing themselves most affected in their access to markets.

The premier emphasized that Spain is becoming more competitive for the first time without resorting to devaluation and he called that a great success that shows that the process is going well.

Also, he noted the importance of efforts such as wage moderation and guaranteed that the government will maintain its reform program until full stability is reestablished. EFE