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Friday, March 30, 2012

''Spain to reveal deep budget cuts in sinking economy''

From Strategic Culture

''Spain will reveal deep budget cuts on Friday despite stiff popular resistance, increasing concerns that austerity measures demanded by the EU will only push the economy deeper into recession.

A day after a general strike disrupted transport, almost paralysed heavy industry and brought thousands of protesters into the streets, the conservative government must say how it can meet deficit targets that many believe it will struggle to achieve.''

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