Zapatero rules out new economic measures

 

Spain's PM Zapatero commented to the press yesterday whilst on his visit to China, that he had no intentions to make any new move to reduce Spanish public deficit.

"There are no new plans on the horizon to have to take any new measures. None," Zapatero told a press conference at the Spanish embassy in Beijing.

"The government hopes to push through new stimulus measures," the prime minister said, while insisting that his government would see through those reforms already undertaken.

Zapatero's Socialist government has slashed spending and passed pension reforms in its effort to reassure markets worried that Spain's public deficit is unsustainably high.