New Spanish government announces draconian measures to balance the budget

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

Source: http://en.mercopress.com/2011/12/30/new-spanish-government-announces-draconian-measures-to-balance-the-budget?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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