In the Wall Street Journal: Spain Prepares $8.6 Billion Economic Stimulus Package
Prime Minister Mariano Rajoy Plans to Approve Details of Measures on Friday (gated)
- Spanish Prime Minister Mariano Rajoy told 200 business leaders at a conference on Saturday that his government will on Friday approve a €6.3 billion ($8.59 billion) economic stimulus package
- Set to take effect in the second half of this year
- Also said he would cut the main corporate tax rate to 25% from 30%
The Journal was citing a report in Spanish news agency EFE