Monday, December 19, 2011

Hey Here's A Fresh New Idea

Which will certainly work.

Spanish newspaper El Mundo reports that Rajoy is planning to cut spending across the board, and only pension payouts will rise in the coming year. His plans include the reduction of public debt to 60% by 2020 from as much as 69% next year, according to Dow Jones. He also advocates a plan to privatize segments of the public sector.