Spain agrees deeper spending cuts

Spain has agreed to make deeper spending cuts to reduce its large deficit and calm markets worried it could be in line for a debt crisis like that of Greece, officials said today.

Spain agrees deeper spending cuts
Mon, 10 May, 2010 - 11:37

Spain has agreed to make deeper spending cuts to reduce its large deficit and calm markets worried it could be in line for a debt crisis like that of Greece, officials said today.

A finance ministry official says minister Elena Salgado agreed the cuts at Sunday’s emergency EU meeting in Brussels.

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