Spanish deficit falls as austerity bites

Article reports that Spain’s central government budget deficit for the first 11 months of 2010 fell 46% from the same period in 2010, the latest sign that cost cutting and tax increases were bearing fruit for the beleaguered Spanish state.

ESO: Background information: Spaniards ready for another bleak Christmas http://www.europeansources.info/record/spaniards-ready-for-another-bleak-christmas/

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