Budget cuts causing more strain in Spain

Christopher Werth Sep 27, 2012
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Budget cuts causing more strain in Spain

Christopher Werth Sep 27, 2012
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Today the government of Spain is expected to lay out yet another new budget with even more cuts in it.

The government is trying to avoid asking for a full-fledged bailout like Greece. But there have been big protests this week about the cuts that are likely.

The round of austerity measures are expected to include a limit on early retirement in Spain, a freeze on public sector wages and a new tax on greenhouse gas emissions to try to raise more government revenue.

The measures are necessary as Spain continues to struggle to get its budget at a level that its European partners — i.e. Germany — want. But residents fear that the cuts, instead of helping Spain, will only make the economic situation there worse.

 

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