Connect with us

Another Europe News

‘Forget it’ says Madrid on deficit cut target

Published

2 years ago

on



http://www.euronews.net/ Spain is defying the EU over cutting its deficit this year.

Prime Minister Mariano Rajoy, who was in Brussels to sign the new fiscal pact, said with Spain’s economy in recession there was no way they would get the deficit down to the original target of 4.4 percent of gross domestic product. Instead it would be cut to 5.8 percent from last year’s 8.5 percent.

He blamed the previous socialist government for leaving him with a bigger than expected deficit:

Rajoy insisted his administration had respected EU norms and the stability pact and has a clear conscience.

He said:”We’ve done what is right and reasonable, even though it has meant a very big effort on our part, and what has happened is because others didn’t abide by the same guidelines.

He insisted Spain was not breaking the rules because it would reduce its deficit to three percent of GDP next year.

Brussels is not keen to cut Madrid any slack as this puts a question mark over the credibility of the European Union’s fiscal pact.

Evidence of the difficulties facing Spain’s government came in the latest jobs numbers.

The unemployment rate was 22.9 percent of the workforce in January.

The number of Spaniards filing for unemployment benefits rose during the month by over 112,000.

The total is now to around 4.7 million.

The Spanish government admits unemployment is likely to continue rising this year despite reforms intended to reverse the recession.

The employment ministry said that the total number of those claiming benefits is up by more than 400,000 from February last year.

source

Related Topics:
Continue Reading
1 Comment

1 Comment

  1. @troglodyte3344

    April 5, 2024 at 3:30 pm

    Finally, a country with some balls. BTW I'm FIRST agin'

You must be logged in to post a comment Login

Leave a Reply

Another Europe News

More world leaders arrive in Doha to honour Qatar’s former emir

Published

9 minutes ago

on

July 19, 2026

By



More world leaders arrive in Doha to honour Qatar’s former emir

European delegations continued to arrive in Qatar on the third day of national mourning, with France, Germany and Britain among those sending senior representatives, as Iran’s foreign minister, the UAE president, Jordan’s king and Palestinian president also paid their respects.

READ MORE : http://www.euronews.com/2026/07/15/more-world-leaders-arrive-in-doha-to-honour-qatars-former-emir

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

source

Continue Reading

Another Europe News

Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

Published

1 hour ago

on

July 19, 2026

By



Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

Australia’s Museum of Old and New Art (MONA) has opened its highly anticipated new library, featuring 30,000 items, including Shakespeare’s First Folio. The collection ranges from children’s books and artworks to rare books and historic maps.

READ MORE : http://www.euronews.com/2026/07/18/australias-new-69-million-library-becomes-home-to-a-copy-of-shakespeares-first-folio

Spark your senses, wake your wonder. Euronews Culture seeks to show creativity in action and inspire our audience to explore the world through the five senses. Start your journey through the best of Europe’s arts, gastronomy, traditions and high-end craftsmanship.

#CultureNews

source

Continue Reading

Another Europe News

Latest news bulletin | July 16th, 2026 – Morning

Published

2 hours ago

on

July 19, 2026

By



Latest news bulletin | July 16th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 16th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : http://www.euronews.com/2026/07/16/latest-news-bulletin-july-16th-2026-morning

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#TopNewsStoriesToday

source

Continue Reading

Another Europe News

Latest news bulletin | June 25th, 2026 – Morning

Published

3 hours ago

on

July 19, 2026

By



Latest news bulletin | June 25th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this June 25th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : http://www.euronews.com/2026/06/25/latest-news-bulletin-june-25th-2026-morning

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#TopNewsStoriesToday

source

Continue Reading

Another Europe News

Queen Elizabeth’s coffin travels from Buckingham Palace to Westminster

Published

4 hours ago

on

July 19, 2026

By



The coffin with late Queen Elizabeth II’s body travels from Buckingham Palace to Westminster through central London on a gun carriage, with the king and other royals walking behind.

It will be placed in Parliament’s medieval Westminster Hall, where the Archbishop of Canterbury will conduct a short service. The queen will then lie-in-state for four days, until the morning of her funeral. Members of the public will be able to pay their respects and troops will keep a round-the-clock vigil.

Join this channel to get access to perks:
https://www.youtube.com/channel/UCSrZ3UV4jOidv8ppoVuvW9Q/join

Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our NoComment channel: https://www.youtube.com/c/nocommenttv?sub_confirmation=1

Follow us on all platforms and on all devices: https://www.euronews.com/follow-us

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.