Spain to create constitutional borrowing limit

Gerald · 08-23-11, 09:19 AM

Spain's government and opposition have agreed to pass a constitutional limit on public sector borrowing.

Last week, the French and German leaders called for all eurozone governments to introduce such a limit to help contain the euro debt crisis.

The move came as the Spanish parliament discussed further austerity designed to cut the deficit to 6% of economic output this year, from 9.2% in 2010.

The prime minister also attacked market fears over Spanish borrowing.

http://www.bbc.co.uk/news/business-14629485

Note: 23 August 2011 Last updated at 13:39 GMT

08-23-11, 09:19 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Spain to create constitutional borrowing limit Spain's government and opposition have agreed to pass a constitutional limit on public sector borrowing. Last week, the French and German leaders called for all eurozone governments to introduce such a limit to help contain the euro debt crisis. The move came as the Spanish parliament discussed further austerity designed to cut the deficit to 6% of economic output this year, from 9.2% in 2010. The prime minister also attacked market fears over Spanish borrowing. http://www.bbc.co.uk/news/business-14629485 Note: 23 August 2011 Last updated at 13:39 GMT __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie