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EU ministers talk austerity, Spanish strike over cuts

EU ministers talk austerity, Spanish strike over cuts

European Union finance ministers tried to broaden efforts to contain the region's debt crisis on Tuesday and Spanish public sector workers protested over government cutbacks.

 

Downgrade of Spain Pushes Markets Lower

Downgrade of Spain Pushes Markets Lower

Fitch cut Spain’s credit rating, saying that the country’s debt will probably weigh on the country’s growth.

 

Spain to slash wages to cut deficit

Spain will cut state employees' wages and slash investment spending, sparking immediate union anger with a bid to reassure markets that it can get its budget deficit under control and detain the spread of the European debt ...

 

Euro zone agrees emergency steps to contain crisis

Euro zone agrees emergency steps to contain crisis

Euro zone leaders decided on Friday they have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal.

 

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