Spain has followed Ireland and Greece in imposing 1930s-era wage cuts to slash the budget deficit, complying with EU demands for further austerity in exchange for the 720 bln euros “shock and awe” rescue of eurozone debtors. Latest from AEP at The Telegraph.
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EU imposes wage cuts on Spanish “Protectorate”, calls for budget primacy over sovereign parliaments
EU imposes wage cuts on Spanish “Protectorate”, calls for budget primacy over sovereign parliaments
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