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Euro Crisis

Daily Archives: February 1, 2013

Photograph by Pierre-Philippe/AFP via Getty Images

Photograph by Pierre-Philippe/AFP via Getty Images

Adios Austerity, But Debt Will Still Limit Spain’s Growth Measures

Spain’s 32-month experiment with austerity-at-all-costs, as devised by Angela Merkel’s budget ultras, is drawing to a close. Prime Minister Mariano Rajoy oversaw 62 billion euros of tax hikes and spending cuts, 851,000 job losses and three different deficit targets, all...

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