(AFX UK Focus) 2009-04-15 20:08 UPDATE 1-Ordonez says Spain has no more room for spending (Interactive Investor)
Thursday, April 16, 2009
MADRID, April 15 (Reuters) - Spain has no more room to boost spending, the governor of the Bank of Spain said on Wednesday a day after Prime Minister Jose Luis Rodriguez Zapatero said his government was ready to use further fiscal measures if necessary. A combination of lower tax income and hefty emergency spending will send Spains public sector deficit to 8.3 percent of gross domestic product ...
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