Spain Cuts Spending In $79b Austerity Plan

Spain announced a $79.85 billion austerity package that includes tax hikes and spending cuts on Wednesday, a day after it won approval from its euro partners for a huge bailout.

Topics:  spain   cuts   spending   austerity   
  • Spain on the Brink?
    This given Spain's current 24% overall unemployment rate and 52% youth unemployment rate; increases in at least the overall unemployment rate; a drop in Spain's GDP; notwithstanding the austerity measures introduced, a continuing Spanish Federal deficit ...
    07/13/2012 - 4:23 am | View Link
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