On Spanish and German Austerity and Other Links

  1. Anonymous says

    It always frustrates me when I see large numbers (cut the budget by a total of around €80 billion by 2014) given without context as to what it means. The €80 billion budget cut is a 4 year cumulative total, beginning with a decrease of €10 billion in 2011 from the 2010 total, and incrementally decreasing each year until 2014. For a €3 trillion economy the press given to the budget seems a bit out of proportion.

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