The Effect of Spain’s Budget Cuts on Spanish Healthcare
The Spanish deficet is at 8% of GDP. Large provinces such as Catalunia, Andalucia, Valencia and Castilla y Leon are seeking bailouts. Banks need almost 60 billion euros in bailouts. Spain has an overall unemployment rate of 21.5%, but its youth unemployment rate is 45%! Prime Minister Mariano Rajoy said 16.5 billion euros (about $21.5…