Rajoy announces Budget measures for 2012.

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      Rajoy announces €8.9bn budget cuts and tax rises for the wealthy. Budget deficit misses target of 6% of GDP. It’s now 8% of GDP.
      They have now seen the books left by the socialists and taken fright. For wealthy read ‘the middle class’ or anyone not in penury.
      I took careful note during the election campaign and no mention was made of tax rises. This is going to hurt.

      Feliz año nuevo al personas de España.

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