Spain is set to unveil more austerity and its 2013 budget today, a day after thousands of...

|By:, SA News Editor

Spain is set to unveil more austerity and its 2013 budget today, a day after thousands of anti-cuts protesters marched for a second night in Madrid. The reforms are expected to include a new tax oversight body, more tax hikes, extended wage freezes and early retirement limits. The measures are designed to pre-empt the conditions that would be attached to a bailout, although critics say the proposals lack substance.