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MADRID (Reuters) Spain was set to announce economic reforms and a tight 2013 budget on Thursday, aiming to avoid Canada Goose sale the political humiliation of having Brussels impose conditions on any request for an international bailout.

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Some ministries could see their budgets slashed by up to 40 percent, Spanish media said, as buy canada goose jacket Prime Minister Mariano Rajoy battle to reduce one of the euro zone biggest deficits is made still harder by falling tax revenues in a recession.

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Rising calls for independence from within Catalonia, one of Spain wealthiest regions, ahead uk canada goose of an early regional election set for November 25 have canada goose store added to uncertainty over Rajoy ability to make powerful regional barons accept deep fiscal sacrifices.

canadian goose jacket REFORMS AND buy canada goose jacket cheap CUTS Reforms intended to win over skeptical investors and control spending are likely to include a new tax oversight body as recommended by Brussels, curbs on early retirement, new taxes on greenhouse gas emissions and stock https://www.alifeoutofdebt.com transactions, and scrapping some tax exemptions. canadian goose jacket

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Canada Goose online According to Juan Jose Rubio Guerrero, president of the Independent Forum of Fiscal Analysts, tax breaks are worth 38 billion euros in Spain. Canada Goose online

Canada Goose sale A member of the Mortgage Victims Platform (PAH) raises a Canada Goose Outlet large mock Euro during a protest demanding dation in payment in front of the Caja de Ahorros del Mediterraneo (CAM) central offices in Valencia September 27, 2012. Spain was set to announce economic reforms and a tight 2013 budget on canada goose uk shop Thursday, aiming to avoid the political humiliation of having Brussels impose conditions canada goose clearance on any request for an international canada goose bailout. Canada Goose sale

cheap Canada Goose Cuts in department budgets would range from 4.2 percent at the justice ministry to 30 percent at agriculture, while Industry Minister Jose Canada Goose Online Manuel Soria said his own ministry would see its budget cut by 40 percent, Europa Press said. cheap Canada Goose

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canada goose coats Spain is talking to Canada Goose Parka Brussels about the terms of a possible European aid canada goose uk black friday package that would trigger a European Central Bank bond buying program and ease Madrid unsustainable borrowing costs. The reforms to be announced on canada goose clearance sale Thursday are meant to pre empt the conditions that would be attached to the aid. canada goose coats

canada goose Uncertainty over the timing of an aid request and divisions within the European Union over a plan to create a banking union sent the yield on Spain 10 year bond canada goose coats on sale to its highest since the ECB announced its bond buying plan on September 6. canada goose

Canada Goose Jackets However, jitters about Spain did not prevent Italy holding a successful debt auction on Thursday, with five year borrowing costs falling to their lowest level since May 2011 at 4.09 percent compared to 4.73 percent in late August. Rome 10 year yield also fell to canada goose uk outlet 5.24 percent from 5.82 percent a month ago. Canada Goose Jackets

canada goose deals Spain, the euro zone fourth largest economy, is at the centre of the crisis. Investors fear that Madrid cannot control its finances and that Rajoy does not have the political will to take all the necessary but unpopular measures. canada goose deals

canada goose clearance ECB data released on Thursday showed consumers and companies continued to pull their money out of Spanish banks in August, though at a slower pace than in July, with private sector deposits falling slightly more than 1 percent in the month. canada goose clearance

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canada goose clearance sale Euro zone economic sentiment fell sharply in September, defying expectations, as the region sinks in to recession. Even in the currency bloc most successful economy, Germany, unemployment crept up for a six successive month in September canada goose clearance sale.

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