Tuesday, January 3, 2012

Spain - Madrid tightens belt for 2012

Published on Jan 3, 2012 by
http://www.euronews.net/ Spaniards rang in the new year with traditional gusto in spite of the economic forecasts getting worse. On each of the 12 strokes of midnight they struggle to down a grape; many can expect harder months ahead.

A celebrant in Puerta del Sol square, asked how the country was going to get out of the crisis, said: "By working, struggling and fighting."

On the second last day of 2011, the new centre-right government unveiled its vision of austerity to try to shrink the holes in Spain's public finances. Four ministers together put on a determined face.

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