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Spanish politicians approve 15bn-euro austerity plan
Spanish politicians approve 15bn-euro austerity plan http://news.bbcimg.co.uk/media/images/47832000/jpg/_47832288_009272279-1.jpg Refusal to approve the package would have been a blow to Prime Minister Zapatero Quote:
Anyways good luck to the Euro-Zone. |
...oh yay, so it also came to PC. I was a bit tired of arguing about this in the Spanish forum where I hang out :(
Honestly, this is a really long story. Germany, France and the US asked Zapatero to cut the budget to prevent a debt crisis, along with the UK (in a similar debt/deficit level). The problem is, he had been promising he wouldn't cut the welfare budget, and now there wasn't any other option. So he decided to start wage cuts between 2% and 15% for civil servants (15% for the PM, Governors, etc) stop some civil investment and not increase the retirement pays for this year (after last year they had been increased by 2%, when the prices barely increased by 0,9%). So the left parties complained because they wanted some tax rises (they'll create a new tax for people getting over €100,000 a year, but still there is nothing sure); whereas the conservatives just wanted Zapatero to leave and announce new elections after 2 years from the previous ones. And, if this law hadn't been passed, chances are he would have had to. The problem is, new elections would make our financial issues even worse, the conservatives just offer changing the Prime Minister, not the policies (and their candidate has even less popular support than Zapatero, even if the party is more likely to get more votes), and some of their leaders are under investigation for seven different crimes, so... yeah. Not a good way to leave the crisis. And when the EU and other countries support Zapatero and our plan, they complain because "we are losing our sovereignty, and soon the EU will control our laws", as if it wasn't what we agreed to in 1986, when we joined the EU. |
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