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Sunday, April 1, 2012

Spain's Rajoy to stay the course despite unrest.

 While eurozone finance ministers decide about the firewall, Spanish PM Mariano Rajoy will today show how he will attempt to prevent Spain - whose bond yields have been rising lately - from needing to use it. Rajoy is expected to announce the country's most severe budget since before it became a democracy in 1978, even though the measures risk deepening its recession and despite a general strike yesterday.

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