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Spain prepares for budget cuts

5 years ago3 views

Fears of financial contagion are causing extra concern in Spain which had its credit rating downgraded on Thrsday.

The Spanish government says it is readying a budget plan, but with unemployment already high, any further austerity measures are bound to hurt.

Al Jazeera Nazanine Moshiri reports from Madrid.

April 30, 2010