Spain Announces New Round of Austerity Measures
Thursday, 12 July 2012 07:21
Posted by David Icke
'Addressing the parliament on Wednesday, Prime Minister Mariano Rajoy unveiled sales tax hikes and spending cuts aimed at shaving 65 billion euros (some $80 billion) off the state budget over the next two and a half years, the Associated Press reported.
"These are not pleasant measures but they are necessary," said the 57-year-old leader of the conservative Popular Party. He also warned that Spain's future was at stake as it grapples with recession, a bloated deficit and investor wariness.'
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