EU tells Spain to put IVA up again, and slash social spending
The EU “troika” has issued a report on Spains economy which says that progress in modernising the nations outdated social network is, whilst satisfactory, rather slow. It urges Spain to either up IVA again, or failing that, shift as many goods as it can into the high 21% band; slash social spending again, reign in the regions and increase the age of retirement once more. The EU calculates that Spain is currently running a 10 Continue reading EU tells Spain to put IVA up again, and slash social spending