How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
... Telefonica are NOT the only service provider of Telephone Lines, Internet Access or Mobile Phones?
Tumbit recommends Telitec Communications. Find out how Telitec Communications can help you here!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Monday 14 April 2014
- The Vegetarian Barbeque and the Unholy Sex
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
Spain parliament backs austerity by one vote
Spain's governing Socialists won approval for a 15 billion euro austerity package by just one vote on Thursday, avoiding a defeat that would have rattled markets and potentially brought down the government.
The bill was approved by 169 votes in favor to 168 against, after the opposition Popular Party voted against, even making sure one of its deputies was brought to the session in an ambulance.
The bill was only saved when 10 deputies from center-right Catalan nationalists CiU abstained after criticizing the bill, saying they did not want Spain to be plunged into a Greek-style crisis.
But CiU said they would not support the 2011 budget bill, Spanish news agencies reported, raising doubts over how Prime Minister Jose Luis Rodriguez Zapatero will be able to continue to steer his country through a time of crisis.
CiU leader Josep Antoni Duran i Lleida told parliament Zapatero should call early elections next year.
"The problem is you and your government" he told Zapatero.
If Thursday's bill had been be defeated, the government's plans to get its budget deficit under control would have been thrown into disarray, potentially dismaying credit markets by raising concerns the euro zone's fourth largest economy was fiscally unsustainable.
The conservative opposition Popular Party (PP) is well ahead in opinion polls.
"This law is improvised, insufficient and unjust" PP leader Mariano Rajoy told parliament.
Spanish commentators said it was difficult to imagine how Zapatero would have been able to stay in government had he lost the vote, which would have sent shockwaves through markets terrified that the Greek crisis will engulf the much larger Spanish economy.
The Basque Nationalist Party said on Wednesday it would side with the Popular Party and oppose the cuts.
The government's plan aims to save an additional 15 billion euros and includes wage cuts of 5 percent for civil servants this year. It aims to cut the budget deficit to 9.3 percent of gross domestic product this year and then to 6 percent in 2011, down from 11.2 percent last year.
Latest News & Stories
- Spain Unemployment to take decade to recover
- Less vehicles in Spain travel toll roads
- Spain approves coal subsidies ahead of shutdowns
- Spainís roads in worst condition since 1985
- Study reveals food and family main reasons behind expat repatriation
- Guardia Civil 'Brit Torturers' face 26 years
- Independent Catalaonia would not become EU member : Brussels
- Five Spanish regions top EU unemployment table for 2013
- Bank of Spain denies report of stress tests this month
- Expats capitalising on rising UK house prices