Further Austerity Measures Specified in Spain’s Budget

The Spanish government presented its 2013 budget Thursday, detailing spending cuts for ministries, new taxes and reforms that total about $51 billion. The austerity measures may embolden protesters who have promised a “heated fall.”

The Spanish government of Mariano Rajoy presented a tough budget Thursday, the second since it was elected this past November.

The aim is to keep promises to the European Union to cut deficits to the equivalent of 6.3 percent of its economic production this year … [Read More]

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Source: VOA News: War and Conflict


 

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