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BBC News - Spain budget imposes further austerity measures

Spain has set out its austerity budget for 2013, with new spending cuts but protection for pensions, amid a shrinking economy and 25% unemployment.

Deputy Prime Minister Soraya Saenz de Santamaria called it "a crisis budget designed to exit the crisis".

The new programme of savings, tax rises and structural reforms will be overseen by an new budget authority.

Expectations are growing that Spain will seek a financial bailout from its eurozone partners.

by In Wales (inwales aaat eurotrib.com) on Thu Sep 27th, 2012 at 03:25:59 PM EST
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