Summary
UK CIVIL servants anxious about deficit reduction plans may want to forego the option of a fact-finding mission to Spain.
Yesterday's cuts to public-sector salaries, automatic increases in pensions and cuts in regional funding are part of a new austerity package to cut the country's budget deficit. Persistent fears that the problems of Greece may spread across the eurozone prompted a 750 billion (GBP 638bn) European Union package earlier this week to rally international confidence in the sliding single currency and in eurozone country bonds.See the full content of this document
Extract
Analysis: Eu Cracking the Whip in Effort to Stop the Rot
Spain's budget deficit is equivalent to 11 per cent of national income - slightly less than that of the UK, but ...
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