Spain is slashing another $50 billion from its budget — scrapping early retirement programs, hiking taxes and sparking public outrage in the streets. Madrid is struggling to avoid a second, larger European Union bailout, beyond what it's already getting for its banks. But markets have plummeted, dragged down by investors' doubts about whether Spain can go it alone.
Spain To Slash Another $50 Billion From 2013 Budget
By Lauren Frayer • Sep 27, 2012
Originally published on September 27, 2012 3:50 pm