Rajoy warns of more austerity for Spain

Author (Person)
Series Title
Series Details 11.1.12
Publication Date 11/01/2012
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Mariano Rajoy, Spain’s centre-right Prime Minister, broke nearly three weeks of public silence since taking office in December 2011 to promise further government spending cuts to appease sovereign bond investors.

'It’s a top priority if we want to receive money from abroad, if we are not to run the serious risk that they won’t give us the money or that we have to pay astronomical rates of interest,' he said in an interview with Efe, the state news agency on the 10 January 2012.

Related Links
ESO: Background information: Madrid targets regions in austerity drive http://www.europeansources.info/record/madrid-targets-regions-in-austerity-drive/
El País, 9.1.12: Moody's estimates Spain needs to find savings of 40 billion euros to meet budget deficit target http://www.elpais.com/articulo/english/Moody/s/estimates/Spain/needs/to/find/savings/of/billion/euros/to/elpepueng/20120109elpeng_5/Ten

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