Spain eyes €10bn efficiency savings / Stop blaming Spain, Rajoy tells EU leaders

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Series Details 10.4.12
Publication Date 10/04/2012
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Spain’s centre-right government on 10 April 2012 2012 announced plans to save at least €10bn of public spending by rationalising health and education, in its latest attempt to restore the country’s credibility in international markets following the delayed announcement of the details of the 2012 Budget in Spain had been made the previous week.

On the 11April 2012 a frustrated Mariano Rajoy, Spanish prime minister, urged European leaders to stop pointing the finger of blame at crisis-stricken Spain and to work together to strengthen the eurozone.

Related Links
Spiegel Online International, 12.4.12: Uncertainty about Spain Worries Euro Zone http://www.spiegel.de/international/europe/0,1518,827099,00.html
El País, 10.4.12: Financial markets offer no respite to Spain despite further budget measures http://elpais.com/elpais/2012/04/10/inenglish/1334078357_269798.html
EUObserver, 10.4.12: Markets wary despite extra round of Spanish cuts http://euobserver.com/19/115834
El Mundo, 10.4.12: Mariano Rajoy loses some of his shine (via PressEurop0 http://www.presseurop.eu/en/content/article/1777961-mariano-rajoy-loses-some-his-shine
El País, 10.4.12: Government announces savage cuts in education and healthcare http://elpais.com/elpais/2012/04/09/inenglish/1333997365_097744.html
ESO: Background information: Spain unveils new austerity measures http://www.europeansources.info/record/spain-unveils-new-austerity-measures/
BussinessWeek, 10.4.12: Spanish Bonds Fall Even as Rajoy Unveils More Budget Cuts http://www.businessweek.com/news/2012-04-09/spain-confronts-crisis-threat-as-rajoy-seeks-deficit-cuts
EurActiv: 11.4.12: Spain denies bailout talks http://www.euractiv.com/euro-finance/spain-denies-bailout-talks-news-512084
Deutsche Welle, 11.4.12: ECB may buy bonds as market pressure on Spain rises http://www.dw.de/dw/article/0,,15873854,00.html
El País, 13.4.12: Schadenfreude, mon amour (via PressEurop) http://www.presseurop.eu/en/content/article/1798971-schadenfreude-mon-amour
El País, 13.4.12: No bailout: Rajoy denies Spain will seek European funds http://elpais.com/elpais/2012/04/12/inenglish/1334257732_209735.html

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