Spain's new government said on Friday the public deficit for 2011 would come in at 8 percent of gross domestic product, well above a target of 6 percent, and announced income and property tax hikes and a civil servant wage freeze in response.

Sections:  world   
Topics:  deficit   europe   europe debt   europe debt crisis   gdp   spain   tax hikes   
RELATED ARTICLES
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailoutCyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demandBaby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour busSwedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
BING NEWS:
  • EU chief urges shift away from deficits
    The debate over whether Europe’s austerity-led crisis response is hindering economic growth shifts back into high gear on Friday as Brussels publishes forecasts expected to show several countries running bigger than expected budget deficits – including ...
    02/21/2013 - 5:38 am | View Link
  • Rajoy’s budget seeks to buy time for Spain
    If done well, he could buy enough time until market participants start worrying about Spain’s even bigger deficit hurdle ... Rajoy is expected to announce up to 40 billion euros ($50.7 billion) worth of spending cuts and tax hikes on Friday, though ...
    03/28/2012 - 1:05 am | View Link
  • Spain appeals to Brussels for easier deficit reduction targets
    unveils a wholesale revision of the eurozone's growth forecasts, as expected. Experts said the EC is preparing to cut its growth forecasts following the radical spending cuts, tax increases and job losses across Europe. The figures could force politicians ...
    02/22/2012 - 9:02 am | View Link
  • Spain appeals to Brussels for easier deficit reduction targets
    Spain has appealed to Brussels for softer deficit ... (EC) unveils a wholesale revision of the eurozone's growth forecasts, as expected. Experts said the EC is preparing to cut its growth forecasts following the radical spending cuts, tax increases and ...
    02/22/2012 - 7:39 am | View Link
  • Spain says deficit bigger than expected, unveils tax hikes
    Spain's new government said on Friday the public deficit for 2011 would come in at 8 percent of gross domestic product, well above a target of 6 percent, and announced income and property tax hikes and a civil servant wage freeze in response. Spain has ...
    12/29/2011 - 6:56 pm | View Link
  • More
BING SEARCH:
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    05/24/2015 - 12:30 pm | View Website
  • U.S. National Debt Clock
    The estimated population of the United States is 320,639,960 so each citizen's share of this debt is $56,624.31. The National Debt has continued to increase an average of
    05/24/2015 - 10:14 am | View Website
  • Eurozone in crisis | euronews
    The eurozone is battling a financial crisis that has seen several countries unable to repay or refinance their government debt. Five EU member states have so far had ...
    05/24/2015 - 10:14 am | View Website
  • Henry A. Giroux | Beyond the Politics of the Big Lie: The ...
    The American public is suffering from an education deficit. By this I mean it exhibits a growing inability to think critically, question authority, be reflective ...
    05/24/2015 - 4:24 am | View Website
  • International News | World News
    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    05/24/2015 - 4:24 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News