Showing posts with label social security system. Show all posts
Showing posts with label social security system. Show all posts

Saturday, May 12, 2012

Spain to be in recession in 2012 and 2013: European Commission

BRUSSELS: Spain will have to approve big additional savings this year and next if it is to meet its ambitious deficit reduction targets as the Spanish economy will be in recession in 2012 and 2013, forecasts from the European Commission showed on Friday.