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   
BING NEWS:
  • Spain's Austerity Plan Aims To Shave $79 Billion Off The State Budget
    MADRID — Spain's government imposed more austerity measures on the beleaguered country Wednesday as it unveiled sales tax hikes and spending cuts aimed at shaving (EURO)65 billion ($79.85 billion) off the state budget over the next two and a half years.
    09/9/2012 - 10:12 pm | View Link
  • 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 - 4:29 am | View Link
  • Spain unveils new $79B austerity plan
    (AP) MADRID - Spain's government imposed further austerity on the country Wednesday as it unveiled sales tax hikes and spending cuts aimed at shaving euro65 billion ($79.85 billion) off the state budget over the next two and a half years. A day after ...
    07/11/2012 - 6:32 am | View Link
  • 'This is reality': Spain slashes spending, raises taxes in $79B austerity plan
    MADRID -- Spain announced a 65 billion euro ($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 of the country's stricken banks. Prime Minister ...
    07/11/2012 - 12:37 am | View Link
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  • Austerity
    In economics, austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies may include spending cuts ...
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