Brussels, 03/01/2012 (Agence Europe) - The new government in Spain headed by Mariano Rajoy announced new emergency austerity measures at the end of December to enable the country to meet the budget targets it has set itself. Cuts of some €15 billion are planned to catch up with the targets following slower progress in cutting the public deficit last year. Spain's deficit currently hovers around 8% of GDP, whereas the target for 2011 was 6%. The new government has pledged to continue with...