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ArtikelStarting to Worry; Spain's Government  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8778 (Mar. 2012), page 57-58.
Topik: Economic Policy; Prime Ministers; Economic Turmoil
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Isi artikelAfter 100 days in office, the honeymoon is over for Mariano Rajoy. Spain's prime minister has lost an important regional election. Bond yields are creeping up again. On March 29th disgruntled Spanish workers were due to hold a general strike to protest against the government's reforms and austerity. Spain, the euro zone's fourth-biggest economy, is once more becoming its biggest headache. Euphoric leftists have already hailed the start of a backlash against Mr Rajoy. Mr Rajoy has little choice but to get nasty. The European Union wants him to find EUR 20 billion ($27 billion) in new savings this year. Yet if Spain is to meet its deficit target, the true figure could be even worse. As the country enters a downward spiral of spending cuts, recession, unemployment and falling tax revenues, some economists say fully EUR 55 billion will have to be found. That is EUR 1,166 per Spaniard.
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