|Author (Person)||Jenkins, Patrick, Johnson, Miles|
|Series Title||Financial Times|
Spain is due to set out its austerity budget for 2013 later, against a backdrop of a deteriorating economy and 25% unemployment rate.
Spanish Prime Minister Mariano Rajoy attempted to stave off a backlash from financial markets on the 27 September 2012 by announcing budget plans for 2013, as he faced the most testing 48 hours of his nine-month-old tenure.
Madrid was expected to outline €39bn worth of savings, tax rises, and structural reforms.
The budget cames amid further social protests in Madrid and elsewhere, and growing expectations that Spain wwould seek a bailout from its eurozone partners.
On the 28 September 2012, results of a stress test on Spain's banks were due to be released.
|Countries / Regions||Spain|