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| Europe |
| Spain sets out spending cuts to chorus of protest |
| 2012-07-15 |
| [Al Ahram] Ministers approve $80 billion austerity package that will cut public sector wages and unemployment benefits |
| Posted by:Fred |
| #2 Lots of dodgy oligarchs money in Cyprus... Hence the "state" bailout. |
| Posted by: Bright Pebbles 2012-07-15 18:37 |
| #1 Cyprus has just requested 5 billion Euros from Russia. They will get it. Russia has deep pockets but not nearly enough to save Spain. The Spanish youth and those who can are going to Norway and Brazil to work. That would help Spain because money is sent back home in the hopes they can come back one day. Not all but many people will do that. |
| Posted by: Dale 2012-07-15 17:28 |