Author (Person) | Jenkins, Patrick, Johnson, Miles |
---|---|
Series Title | Financial Times |
Series Details | 27.9.12 |
Publication Date | 27/09/2012 |
Content Type | News |
Spain is due to set out its austerity budget for 2013 later, against a backdrop of a deteriorating economy and 25% unemployment rate. Spanish Prime Minister Mariano Rajoy attempted to stave off a backlash from financial markets on the 27 September 2012 by announcing budget plans for 2013, as he faced the most testing 48 hours of his nine-month-old tenure. Madrid was expected to outline €39bn worth of savings, tax rises, and structural reforms. The budget cames amid further social protests in Madrid and elsewhere, and growing expectations that Spain wwould seek a bailout from its eurozone partners. On the 28 September 2012, results of a stress test on Spain's banks were due to be released. |
|
Related Links |
|
Countries / Regions | Spain |