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

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Fri, 11 Nov 2011 16:31:03 GMT

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