9.3
8.064 reviews
English
EN
Spain has shown from the beginning that they want to take steps. The Spanish government now wants to cut 3.5 billion euros through reorganizations of government institutions and cost reductions. VAT will also be increased from 18% to 21%.
In addition, various other measures are planned that should result in savings of 65 billion over the next 2.5 years. Income tax will be reduced.
The European Commission has responded positively to this and calls it an important step in reducing the budget deficit.
The euro countries had already agreed to support the Spanish banking sector with 30 billion euros by the end of the year.
Source: ad.nl
