KMC » 12pm - Sep 29, 2012
Inflation in debt-ridden Spain, the fourth-largest economy in the eurozone, jumped to 3.5 percent...
Category: Best of the Web
Tags: Euro, Zone, Economy, Debt, Crisis, Full, Bailout, Financial, crisis, Spain, France, Italy, Greece, austerity, measure, unemployment, recession, EU, spending, cuts
Inflation in debt-ridden Spain, the fourth-largest economy in the eurozone, jumped to 3.5 percent on an annual basis in September, the highest level of inflation recorded since April 2011. The conservative Spanish government announced a tough 2013 budget that includes EUR 39 billion (USD 50 billion) in spending cuts in a bid to bring the country's huge debt under control. Published on Sep 29, 2012 by PressTVGlobalNews