Workers wating outside a job centre in Spain
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2012: A year of austerity for Spain

2012 is set to be a year of austerity for Spain as its new government struggles to bring down one of Europe's highest budget deficits and avoid an EU/IMF bailout.

Prime Minister Mariano Rajoy says his cabinet will pass a decree later this Friday to enact "urgent fiscal measures".

Guy Hedgecoe reports.

  • 30 Dec 2011
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