Spain reforms to raise 56.4 billion euros

The Spanish government’s most recent reforms will slash 56.4 billion euros ($69 billion) from the public deficit in the next two and a half years, an official document showed on Saturday, leaving a gap to be filled by taxes on energy. Spanish Prime Minister Mariano Rajoy pledged 65 billion euros of savings from tax hikes and spending cuts on Wednesday in a painful package aimed at convincing the EU and investors it is serious about Continue reading Spain reforms to raise 56.4 billion euros