The Spanish government has today unveiled the toughest austerity package of the post-Franco era. Pretty extraordinarily, given the country's situation, Spanish Prime Minister Mariano Rajoy didn't take part in the press conference following today's cabinet meeting.It was therefore left to his deputy, Soraya Sáenz de Santamaría, to announce the bad news, accompanied by Energy Minister José Manuel Soria (on the right in the picture) and Treasury Minister Cristóbal Montoro (on the left).
Spanish Prime Minister Mariano Rajoy has ruled out new tax hikes as part of economic reforms. ||| Madrid - Spanish Prime Minister Mariano Rajoy on Wednesday ruled out new tax hikes as part of economic reforms as the country's econom... Read Post
This week, the government of Spanish Prime Minister Mariano Rajoy unveiled a slate of tough new austerity measures that are intended to reduce the government's budget deficit by $84 billion over the next two and a half years. Rajoy'... Read Post