Spain set to beat deficit cut target

Spain’s 2010 budget deficit will be 'somewhat better' than the official target of 9.3% of gross domestic product, according to José Luis Rodríguez Zapatero, Prime Minister.

Mr Zapatero’s upbeat comments in a radio interview were among a series of announcements on the 4 January 2011 that might provide temporary relief for embattled eurozone governments, including data showing Spanish unemployment fell slightly in December 2010, while Portuguese car sales in 2010 rose to their highest level for eight years.

Spain: Ministry of Labour and Immigration http://www.mtin.es/en/index.htm

ESO: Background information: Spanish jobless total tops 4m http://www.europeansources.info/record/spanish-jobless-total-tops-4m/

ESO: Background information: Spanish deficit falls as austerity bites http://www.europeansources.info/record/spanish-deficit-falls-as-austerity-bites/

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