Zapatero considers easing austerity

Author (Person)
Series Title
Series Details 11.8.10
Publication Date 11/08/2010
Content Type

José Luis Rodríguez Zapatero, Spanish Prime Minister, raised the possibility on the 11 August 2010 of reversing some of the harsh spending cuts that were announced in May 2010 and helped to restore international confidence in the country’s economy.

In a cautious announcement apparently aimed at testing the mood of financial markets, Mr Zapatero said the government expected to restore some suspended infrastructure investments if – as the government anticipated – renewed financial stability left room for manoeuvre in the 2011 budget.

Related Links
ESO: Background information: Spain is caught up in self-delusion http://www.europeansources.info/record/spain-is-caught-up-in-self-delusion/
BBVA Research: Europe Economic Outlook. Third Quarter 2010 http://serviciodeestudios.bbva.com/KETD/ketd/bin/ing/publi/europa/novedades/detalle/Nove348_189526.jsp?id=tcm:348-176089-64

Countries / Regions