It’s cutback Friday! Hurrah! What will be cut this week?
He was going to cut 65 billion out of the budget over the next two years.
He will now cut: 102.15 billion euros!
You know, that’s an awful lot of money. It’s equivalent to 10% of GNP.
Somehow, despite all this cutback, it seems that Madrid expect tax revenues to raise over the next three years, and not just because of the IVA increase.
And so it goes on….