A Happy New Year for the Spanish Military?
Add bookmark
As most of Europe marked the beginning of 2012 with the usual fireworks and pageantry, in Madrid, a far less welcome New Year’s surprise was being prepared. Under the recently elected leadership of Prime Minister Mariano Rajoy, Spain’s government rang in the new year with a €14.9 billion package of tax increases and spending cuts. Yet while in recent months, observers have quailed at the rising cost of borrowing for Italy and Greece, Spain has soldiered on through the financia...
