Spain approves more spending cuts

The Spanish government approved a fresh round of cuts to public spending on the 24 June 2011 as part of an ongoing austerity drive to reassure jittery financial markets that Spain can insulate itself from the debt crisis ravaging other indebted eurozone members.

ESO: Background information: IMF calls for more reforms from Madrid http://www.europeansources.info/record/imf-calls-for-more-reforms-from-madrid/

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