Analysis - Spain recession more likely on new austerity
10 November 2011 @ 14:01
MADRID (Reuters) - Spain's new government will unleash a wave of spending cuts and strengthen economic reforms in the first months of its legislature, moves that will throw the economy back into recession and send unemployment higher before making things better.
Polls show the centre-right People's Party storming to an absolute majority in the parliamentary election on November 20, sweeping aside the seven-year-old Socialist government blamed for a deepening crisis and high unemployment.
Read the full article at Reuters
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