Economic recovery remains at the top of the agenda of the government of Mariano Rajoy. It has already agreed a set of new austerity measures aimed at reducing the public deficit and wining back the confidence of investors and European partners in the Spanish economy. It also plans to introduce further reforms of the banking sector and labour [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World 
Tags: European Union, finance, Spain 
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The Spanish Prime Minister Mariano Rajoy has committed himself to cut the Spain’s budget deficit to 4.4% of GDP in 2012 and further down to 3% of GDP in 2013. However, it seems that the target will not be achieved. Mr Rojoy’s government has already announced over a 15 billion euro emergency programme of [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World Tags: election, finance, Spain, the euro zone debt crisis, unemployment No Comments »
On 2nd September, 2011 Spain’s lower house of parliament approved a constitutional amendment that would limit the public deficit to 0.4% of GDP. However, it will not take effect until 2020. The amendment adopted by the Spanish lawmakers is called the ‘golden rule’ and it’s based on the Germany’s constitutional ‘debt brake’ rule. Generally, it’s [...]
