22 Jan '12, 1pm

Spain minister urges change in deficit target

Spain minister urges change in deficit target

MADRID: Spain's public deficit target for this year should be changed because it is based on outdated growth forecasts, Finance Minister Cristobal Montoro said in an interview published on Sunday. Spain's new conservative government has raised taxes and slashed spending since coming to power last month to try to meet a 2012 target agreed with the EU of cutting the deficit to 4.4 per cent of gross domestic product. It says the deficit hit around 8.0 per cent of output last year, down from 9.3 per cent in 2010 but way above the official 6.0-per cent target agreed with Brussels by Spain's previous socialist government. "It is obvious that when the target was set to reduce the deficit from 6.0 per cent to 4.4 per cent, it was based on a scenario of economic growth and not of recession as we find ourselves in now," Montoro told daily La Vanguardia. "When Brussels said that Spai...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Bank of Spain forecasts contraction of 1.5% in 2012

Bank of Spain forecasts contraction of 1.5% in ...

channelnewsasia.com 23 Jan '12, 10am

MADRID: Spain's central bank on Monday forecast the country will fall back into recession this year with a contraction of ...

Acid Rain Change

Acid Rain Change

enn.com 22 Jan '12, 5pm

RELATED ARTICLES Scientists to Study Acid Rain, Smokies December 6, 2005 12:00 AM Cap and Trade Working Already December 1...

US Senator says change in the air in Myanmar: L...

straitstimes.com 22 Jan '12, 3am

LOUISVILLE, Kentucky (AP) - Following a trip to Myanmar, US Senator Mitch McConnell told several hundred refugees in Louis...

Bull with flaming horns fatally gores and tramples man in Spain

Bull with flaming horns fatally gores and tramp...

straitstimes.com 22 Jan '12, 2am

A flaming-horned bull trampled and fatally gored a man early on Saturday during a festival in eastern Spain, an official s...

Indian minister swears off shoes with laces

Indian minister swears off shoes with laces

channelnewsasia.com 23 Jan '12, 2pm

NEW DELHI: An Indian minister has vowed to wear only laceless footwear after he was caught by television cameras using a y...

How do you think RIM's new CEO is faring?

How do you think RIM's new CEO is faring?

e27.sg 24 Jan '12, 2am

In response to the Barclay Capital’s correspondent during the conference call and webcast on what are his immediate plans,...

Single Serve Coffee at Retail Stores - Target 2012: Right now Keurig powered single serve coffee makers control...

Single Serve Coffee at Retail Stores - Target 2...

singleservecoffee.com 23 Jan '12, 1pm

Single Serve Coffee at Retail Stores - Target 2012 Right now Keurig powered single serve coffee makers control an entire a...