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.

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Topics:  deficit   europe   europe debt   europe debt crisis   gdp   spain   tax hikes   
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