Daily Archives: April 7, 2013

Gideon Rachman

The refusal of the Portuguese courts to authorise the full version of the latest round of austerity cuts will be watched closely in neighbouring Spain – which is, of course, a bigger and more systemically important economy. The Spanish fear that, economically and politically, Portugal offers a vision of their future. The recession there is deeper and so are the cuts to government spending. But with Spain facing another year of recession and cuts – the Spanish too are wondering how long their public will tolerate austerity. Read more >>