About: austerity measures

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Economy & Jobs 11-04-2012

Spain denies bailout talks

Is Spain next in line for a Greek style bail-out? Spanish Finance Minister Luis de Guindos does't think so, at least not for the moment. Spain is at the center of a financial storm as markets pushed the cost of its bonds to soar above 6%. In a bid to calm the markets and keep Brussels happy, the Spanish government on Tuesday announced a 10 billion euro slash in its public spending. The European commission welcomed the move, which comes on top of 78 billion euros in cuts presented in March.
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50000 trade union members protest austerity measures in Brussels

Around 50 thousand trade union members marched across Brussels on Friday to protest against austerity measures. In response to the current financial crisis, the newly formed Belgian government agreed last week to cut public spending by 11 billion euros and to liberalise labour regulations. The new budget for 2012 has been described by trade unions as "unbalanced" and "unfair".

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