Spanish economy minister: Extra cuts won’t hurt economy

13/03/2012 | 13:31 GMT

Naw, of course not.

Spain does not plan rise in VAT

Spain is under tremendous pressure from the rest of the Eurogroup to keep its deficit within the targets set by the fiscal compact so that the new pact is not breached before it is even ratified.

EUR/USD is bouncing from the 1.3050 area, now at 1.3066.

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