Will austerity measures help Spain?

Audio 05:19
Reuters/Andrea Comas

Spain's prime minister, Mariano Rajoy, has announced new austerity measures, including tax rises and budget cuts aimed at saving 65 billon euros. The savings are part of a deal with with eurozone leaders to help rescue Spain's banks. 30 billion euros will be provided this month. Xavier Quadras, an economist at the University Pompeu Fabra in Spain discusses whether this was a good deal for the country.

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