Recession-hit Spaniards will this week be told to swallow yet more austerity as the government prepares a fresh round of reforms and another budget filled with spending cuts and tax increases that will allow it to seek a bailout from eurozone partners.
Pension freezes are also expected to form part of a raft measures to prepare the way for the European Central Bank (ECB) to give Spain support to control borrowing costs that will eat up a large chunk of next year's budget.
Monday, September 24, 2012
If I actually believed that this was simply a story about evil plutocrats stealing from the rest of us I'd at least have a bit of respect. Oddly I don't actually believe that. Sure there are evil plutocrats stealing from the rest of us, ones who know what they're doing, but I also think that a lot of the people who rule us are just idiots.
by Atrios at 09:19