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Monday, 24 May 2010 - Spanish PM vows to stay firm on cuts despite strike threat
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    Read more with google mobile : Spanish PM vows to stay firm on cuts despite strike threat

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Spanish PM vows to stay firm on cuts despite strike threat AFP - Monday, May 24 Send IM Story Print Spanish Prime Minister Jose Luis Rodriguez Zapatero, pictured on May 17, said Sunday his government would hold firm on spending cuts despite pressure from unions which have threatened a general strike over the measures. MADRID (AFP) - – Spanish Prime Minister Jose Luis Rodriguez Zapatero said Sunday his government would hold firm on spending cuts despite pressure from unions which have threatened a general strike over the measures. "I know there are protests by those who do not share (the government's views), like the unions, but we will not change," he told a meeting of his Socialist Party in the southeastern city of Elche. "There will be no change, nor any swerving from the adopted path. We will respond to the circumstances and govern responsibly, thinking about the future of Spain and not any election call," he added. Zapatero's cabinet late on Thursday approved a two-year 15-billion-euro (19-billion-dollar) austerity plan that includes a freeze on state pensions and an average cut this year to civil servants' salaries of five percent. "They are tough measures but they are realistic and necessary to decisively boost our exit from the crisis and strengthen job creation," the prime minister told the gathering in Elche which included some 2,000 Socialist mayors. The plan comes on top of a 50-billion-euro austerity package announced in January designed to slash the public deficit to the euro zone limit of three percent of gross domestic product by 2013 from 11.2 percent last year. The government is under pressure to take action from both its EU partners and from the markets, which fear Spain could follow in the footsteps of Greece. Greece received an unprecedented 110-billion-euro bailout by the EU and the IMF earlier this month to save it from bankruptcy. Unions representing public sector workers have called a strike for June 8 while Spain's largest trade union, Comisiones Obreras (CCOO), said Friday it would "probably" call a general strike over the tough new austerity measures. "The CCOO is already working as if this country is going to experience a general strike," said CCOO secretary general Ignacio Fernandez Toxo. "Probably we will have one... It depends on the government whether it happens or not," he told reporters. A majority of Spaniards, 58.1 percent, are against calling a general strike, according to a poll published Sunday in left-wing daily newspaper Publico. The survey of 800 voters carried out between May 17 and 19 also found that Spaniards are divided over the austerity measures adopted by the government. While just over half, 54.6 percent, back the cut to civil servants' salaries, a wide majority, 70.8 percent, opposes the government's decision to freeze old age pensions. In an interview with Spanish daily El Pais published Sunday, the head of the Organisation for Economic Co-operation and Development (OECD), Angel Gurria, said the austerity measures are "appropriate and can't be put off". "Markets are more tolerant with those who are bigger: England, Germany or France. With the others, like Spain for example, they are less patient and for this reason these nations must make a greater effort," he added. Recommend Send IM Story Print News Search Top Stories Britain's coalition sets out plan to cut record deficit Air passengers face misery as BA strike starts Spanish PM vows to stay firm on cuts despite strike threat Anger mounts as oil blackens Louisiana marshes, beaches Clinton, Geithner arrive in Beijing for talks More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Paris museum burglar grabs 120-million-dollar art haul Tourists take walk on wild side with LA gang tour US team creates first 'synthetic life' Britain's coalition sets out plan to cut record deficit Pope, ECB chief slam governments over debt crisis More Most Viewed » Scientists stunned as grey whale sighted off Israel Lack of sleep linked to early death: study UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Ocean fish could disappear in 40 years: UN More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! 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