Spanish PM Mariano Rajoy unveils another €65B of savings as part of an attempt to achieve...

|By:, SA News Editor

Spanish PM Mariano Rajoy unveils another €65B of savings as part of an attempt to achieve his country's slightly relaxed deficit targets. The measures add to €45B of austerity that Rajoy has already pushed through, and include VAT rises, and local-government reforms. The fear is that the cuts will only add to Spain's recessionary vortex.