Zapatero rules out new moves on Spain's deficit

Spanish Prime Minister Jose Luis Rodriguez Zapatero said Wednesday during a visit to China that he had no plans to take any new measures to reduce his country's public deficit.

Spanish Prime Minister Jose Luis Rodriguez Zapatero, pictured, said Wednesday during a visit to China that he had no plans to take any new measures to reduce his country's public deficit

"There are no new plans on the horizon to have to take any new measures. None," Zapatero told a press conference at the Spanish embassy in Beijing.

"The government hopes to push through new stimulus measures," the prime minister said, while insisting that his government would see through those reforms already undertaken.

Zapatero's Socialist government has slashed spending and passed pension reforms in its effort to reassure markets worried that Spain's public deficit is unsustainably high.

AFP

Other news