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Spain austerity measures 'are working'

Thu 12th May 2011

Spain doesn't plan any further budget or spending cuts as the deficit is already narrowing in line with the government's plans, Finance Minister Elena Salgado : "The deficit is being reduced in line with forecasts, revenues are in line with forecasts and the reduction in spending is as we expected, so there will be no additional measures," she told lawmakers in Parliament on Wednesday when asked if the government is planning new cuts.

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