[QODLink]
Europe
Spain prepares budget cuts
Concerns for Spanish economy after credit rating cut and Greek debt crisis.
Last Modified: 30 Apr 2010 06:34 GMT

Fears of financial contagion from the Greek debt crisis have caused concern in Spain, which had its own credit rating downgraded on Thursday.

The Spanish government says it's preparing a budget plan, but with unemployment already high, further austerity measures are bound to hurt.

Al Jazeera Nazanine Moshiri reports from the capital, Madrid.

Source:
Al Jazeera
Topics in this article
Country
City
Organisation
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
Chinese scientists are designing a particle-smashing collider so massive it could encircle a city.
Critics say the government is going full-steam ahead on economic recovery at the expense of human rights.
Spirits are high in Scotland's 'Whisky Capital of the World' with one distillery thirsty for independence.
President Poroshenko arrives in Washington on Thursday with money and military aid on his mind, analysts say.
Early players in private medicine often focused on volume over quality, turning many Chinese off for-profit care.
join our mailing list