| Author (Person) | Johnson, Miles |
|---|---|
| Series Title | Financial Times |
| Series Details | 12.7.12 |
| Publication Date | 12/07/2012 |
| Content Type | News |
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Spain announced a fresh set of public spending cuts and tax increases amounting to €65bn over the next two and a half years on the 11 July 2012 as the government of Mariano Rajoy struggled to achieve its budget deficit reduction targets with an economy mired in recession. It was the fourth set of austerity measures that the government of seven months had introduced. Congress approved the measures on the 19 July 2012, the most brutal austerity measures since Spain returned to democracy over 30 years ago, albeit thanks only to the votes of the ruling conservative Popular Party, which has an absolute majority in the lower house. |
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| Countries / Regions | Spain |
