Spanish growth rate approaches to zero

Note: This section contains information in English only.
Source: BBC
© Scanpix/AFP

Spanish growth rate is only 0.2% in Q3. Domestic spending is falling although demand for Spanish export increased. The unemployment rate hits the record being 22%. It will lead to substantial decrease in income tax revenues and increase in due payments for unemployed. Analysts claim the probability Spain will not meet its debt obligations is high.

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Fri, 11 Nov 2011 15:30:24 GMT

Italy - budget bill approved, growth to be boosted

A set of growth-facilitating measures were approved by Italian Senate today, including privatization of public real estate, changes in taxation and potential reforms in order to ease bureaucracy. PM Berlusconi has promised to step down as soon as the document package is passed through the lower house, where the budget bill is scheduled for scrutinizing on Saturday.Senate approved significant 2012 budget amendments in a

Fri, 11 Nov 2011 16:31:03 GMT

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