2012: A year of austerity for Spain

Name: 2012: A year of austerity for Spain
Uploaded: 2011-12-30T11:42:51.000Z
Duration: 1 min 32 s
Description: 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

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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.

Europe

30 December 2011