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Thursday 12 July 2012
Will austerity measures help Spain?
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Spain's Prime Minister Mariano Rajoy, 11 July 2012
Reuters/Andrea Comas
By Charlie Hamilton

Spain's prime minister, Mariano Rajoy, has announced new austerity measures, including tax rises and budget cuts aimed at saving 65 billon euros. The savings are part of a deal with with eurozone leaders to help rescue Spain's banks. 30 billion euros will be provided this month. Xavier Quadras, an economist at the University Pompeu Fabra in Spain discusses whether this was a good deal for the country.

Dossier: Eurozone in crisis

 

 

 

tags : Austerity - Economic crisis - Mariano Rajoy - Spain - Tax
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