Spain Piles On Austerity Measures

Spain's prime minister announced fresh austerity measures worth $79.62 billion in an effort to meet new deficit targets agreed with euro-zone partners.

Topics:  spain   austerity measures   
  • Stop listening to these clowns: Economists’ bad ideas have been ... - Salon
    ... leaving them with piles of government and private debt. European economists urged austerity ... soared in the weaker economies of Spain, ...
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  • Court piles pressure on Catalan separatist chief - Gulf News
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  • As Greece stares into the abyss, has Spain escaped from crisis?
    consumers and the government were left with big piles of debt. Households saw the money tied up in their homes dwindle as property prices halved; workers had to swallow pay cuts and austerity measures introduced under Ireland’s EU/IMF bailout.
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  • Spain's slow recovery yet to be felt in austerity-worn capital
    After five years of on-off recession, Spain's economy is showing the first signs of recovery ... dead rats and pigeons and its drains choked with piles of autumn leaves. The city is also plagued with intermittent strikes by public transport workers ...
    12/12/2013 - 2:25 am | View Link
  • Spain in 2013: Is the worst over?
    All this means that Spain finds itself squeezed from above, as the EU piles pressure on the country to enforce further austerity measures, and from the market side, as the economy struggles to create jobs. This economic malaise provides the backdrop for a ...
    12/22/2012 - 4:32 am | View Link
  • Garbage Piles Up in Spain as Unpaid Municipal Bills Mount; Green Shoot of the Day: Cement Consumption Falls 34%
    As Spain attempts austerity by cutting back payments to regions, those regions run out of funds to pay bills. For an interesting case-in-point, please consider (via Google translate from El Economista) Municipalities Owed €2,000 Million, Companies Refuse ...
    11/21/2012 - 3:58 pm | View Link
  • Rating cut piles pressure on Spain to seek aid
    As part of the government's austerity drive, Prime Minister Mariano Rajoy increased VAT to 21 percent from 18 percent in September, as well as abolishing special low rates on products ranging from cinema tickets to school supplies. Spain must cut the ...
    10/11/2012 - 8:37 pm | View Link
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