Mon, 09 Jul 2012 21:26:52 GMT
The Prime Minister of Spain may soon introduce new austerity measures
Mariano Rajoy, the Prime Minister of
Spain, might announce new austerity measures in the upcoming days.
Currently the government faces the third largest budget deficit in
the Eurozone, EUR 95.5 billion in 2011. Due to increasing risks
ten-year public bonds' interest rate has reached 7.06% on Monday,
July 4. To deal with the deficit the government is considering such
policies as rising taxes for food,