Tuesday, March 06, 2012

MALLORCA TODAY - No budget slack for the Balearics

Central government has ruled out any flexibility being granted to regions of Spain, such as the Balearics, in complying with demands to reduce their budget deficits. Andalusia and Catalonia had called for a relaxation in order to be able to maintain levels of certain services.

See more: El Pais English

(The Spanish Government's efforts at deficit reduction come amidst suggestions being voiced in Brussels that it has in fact been exaggerating the size of the deficit.)

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