Austere Spain
Source: Agencies |
December 4, 2010, Saturday
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Print Edition
Print Edition
THE Spanish government yesterday approved new austerity measures and a limited economic stimulus package to ease investor fears about its debt - and insisted again it was taking strong steps to right its ailing economy.
Spanish Prime Minister Jose Luis Rodriguez Zapatero canceled a trip to an Ibero-American summit in Argentina in order to oversee a Cabinet meeting during which the reforms were passed, authorities said.
The moves include plans to sell off a 30 percent stake in the government-owned national lottery, the partial privatization of airports, cutbacks to a key jobless benefit, tax cuts for small businesses and an increase in the tobacco tax.
Spanish Prime Minister Jose Luis Rodriguez Zapatero canceled a trip to an Ibero-American summit in Argentina in order to oversee a Cabinet meeting during which the reforms were passed, authorities said.
The moves include plans to sell off a 30 percent stake in the government-owned national lottery, the partial privatization of airports, cutbacks to a key jobless benefit, tax cuts for small businesses and an increase in the tobacco tax.
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