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). In reality, only some general figures were provided, while a clearer breakdown of spending cuts and tax hikes will be provided on Tuesday, after the package is submitted to the Spanish parliament.
Read more: http://www.openeuropeblog.blogspot.co.uk/2012/03/toughest-budget-of-post-franco-era.html
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). In reality, only some general figures were provided, while a clearer breakdown of spending cuts and tax hikes will be provided on Tuesday, after the package is submitted to the Spanish parliament.
Read more: http://www.openeuropeblog.blogspot.co.uk/2012/03/toughest-budget-of-post-franco-era.html
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