Brussels, 26/04/2013 (Agence Europe) - On Friday 26 April, the Spanish government set out the broad thrust of its stability and reform programme to be presented to the European Commission as unemployment in the country reached a record high of 6 million jobless.
In light of the lingering recession (GDP will shrink by 1.3% in 2013 before returning to growth of 0.5% in 2014), Madrid says it will now bring its public deficit back below the 3% cut-off point in 2016 rather than 2014. The new...