Share This Page

Latest Comments

Client Testimonials

„Der Paul war der Dolmetscher bei einem Choraustaustasch zwischen den St. Nicholas Singers aus Northwich, UK und unserem Kinderchor, den „Kolibris“, hier in Koblenz, Deutschland. Ohne ihn hätten wir es nicht geschafft! Er war fleiβig, sympathisch und sehr effektiv.“
Ulrich De Waal, Chorleiter, Koblenz-Pfaffendorf, Germany, April 1976

Spanish cuts PDF
Wednesday, 11 July 2012 00:00
 

Spanish prime minister, Mariano Rajoy, today announced a series of austerity measures as the price of the European bailout of Spain's banking sector. Read on for a round-up of the main measures:

 

• Reform of public administration, cutting €3.5bn
• A "drastic reduction" in the number of local public companies, and a reduction in the number at national level
• "Corrective mechanisms" for regional spending, and a new liquidity mechanism to help fund Spain's regions
• Civil servants benefits will be cut, and senior workers will lose the Christmas bonus. Further cuts at ministries are planned.
• Funding for unions and political parties will fall by 20%
• A review of unemployment benefits
• VAT will rise to 21%, from 18%. Property tax breaks will be eliminated, and 'indirect taxes' on energy will be raised
• Income tax will be cut
• State assets including airports and railways will be sold off

It looks like tough times ahead.

Tags: spanish cuts, mariano rajoy, austerity, European bailout, VAT, IVA, paul whitelock, This e-mail address is being protected from spambots. You need JavaScript enabled to view it , www.a1-solutions-spain.com, www.a1-holidays-spain.webs.com

 

Add comment


Security code
Refresh

Paul Whitelock

Paul is a Joint Honours graduate in Spanish and German, a qualified teacher (PGCE) and has a Member of the Institute of Linguists (MIL) qualification.

read more