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Spain Hopes for Economic Recovery By Cutting Government Spending
The Spanish labor minister – Celestino Corbacho said that Spain’s economic recovery is going to be achieved by focusing on cutting down on government spending. This way, the massive deficit can be overcome rather quickly. “If we cut pensions,...
Spain’s deficit reaches 18,181 million euros
The Spanish government deficit has reached 18,181 million euros in the first five months of the year, representing 1.79% of GDP. The figure is 5.7% below the same period last year. From January to May 2010, revenues grew by 15.6% and expenditure increased...
Spanish Car Dealerships to Claim Back 6 Million Euros from Purchasers
While Spain is going through a tough economic turmoil the Spanish car dealerships are considering claiming back from purchasers, a sum of 6 million Euros. This staggering amount of money is being claimed as per the previous discount policies of the Government’s...
Spain’s Regions to Limit Their Deficit
The economy is like a dual edged blade, you press too hard and there’s an increased possibility of sustaining a gushing injury. Take a look at the European economy these days; it’s just spreading like a fire in a haystack, affecting different regions...
El Pais loyalty slips as they attack government
Spanish readers of the centre left El Pais newspaper got a surprise when they opened Share
Spain on a downward spiral
As the global economic crisis unfolds and countries across the Eurozone are seeing unemployment rise, budget deficits swell up to record highs and governemnt leaders proposing bailout packages for banks and other industries, Spain is hit hard by the European...
