Madrid targets regions in austerity drive

Report of a FT interview with Luis de Guindos, Spain’s new Economy Minister, January 2012.

ESO: Background information: Spain issues fresh warning on size of deficit http://www.europeansources.info/record/spain-issues-fresh-warning-on-size-of-deficit/

Spain: Ministry of the Economy and Finance / El Ministerio de Economía y Hacienda http://www.meh.es/en-GB/Paginas/Home.aspx

El País, 17.1.12: Rajoy pledges to come to regions' rescues http://www.elpais.com/articulo/english/Rajoy/pledges/to/come/to/regions/rescues/elpepueng/20120117elpeng_8/Ten

El País, 7.3.12: PP regions bow to Rajoy over need to slash deficit http://elpais.com/elpais/2012/03/07/inenglish/1331137204_262223.html

---