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GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: Haim R. Branisteanu who wrote (92382)7/11/2012 8:32:05 AM
From: elmatador  Read Replies (2) of 218070
 
'This is reality': Spain slashes spending, raises taxes in $79B austerity plan

Other measures outlined Wednesday included:

  • further cuts in government spending beyond the reductions already outlined in the 2012 budget
  • wage cuts for civil servants and members of the national parliament
  • further closures of state-owned companies
  • tax deductions for homeowners to be scrapped
  • a 30 percent cut in the number of town councilors
  • changes to unemployment benefits designed to encourage jobless people to seek work quickly.
  • 20 percent cut in government subsidies to political parties and labor unions.
worldnews.msnbc.msn.com
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