by Jason Moore

Twenty seven billion euros is a lot of money but the Spanish government believes that they can cut this sum from their budget and meet the European Union´s demands for a massive cut in spending. Everything appears to be going up from taxes to power and petrol prices. Now everybody realises that the Spanish economy is in a terrible state. But 27 billion is a huge sum and could dent the already fragile consumer confidence. The budget which the Spanish government announced on Friday was to keep the European Union happy, not the Spanish electorate who have already shown that they are deeply opposed to the enormous government cuts. The Spanish government faces an enormous task to get the country moving again but I suspect that the amount of cuts will lead to widespread industrial unrest which will further damage the economy. I believe that Spanish Prime Minister Mariano Rajoy should have consulted the electorate first before making such enormous cuts.


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