Spanish Prime Minister Rajoy
Spain Getting Another Dose of Fiscal Austerity
July 11, 2012
Spain’s government will implement its fourth package of fiscal austerity in the last seven months. It will amount to EUR 65 billion, too much for social sustainability but insufficient to reach budget targets. The dollar fell overnight against commodity-sensitive currencies, dropping 0.8%, 0.7% and 0.4% relative to the Australian, New Zealand and Canadian dollars. The […] More
