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Spanish PM hints at more austerity

18.06.12 @ 09:34

  1. By EUOBSERVER

Spanish Prime Minister Mariano Rajoy on Saturday said Spain needs more reform to become "more flexible and competitive". The IMF predicts Spain will not meet its deficit target this year of 5.3% from 8.5% in 2011. Meanwhile, thousands demonstrated Saturday against bank mismanagement in Madrid outside Bankia.

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