Spain Europe budget austerity: Spain unveils new round of budget cuts - latimes.com: "Spain unveiled a new round of austerity measures Friday to help bring its massive budget deficit under control and to convince nervous investors that it is not in need of an international bailout.
The government announced that it would sell off part of its popular national lottery, partially privatize several of the country's biggest airports and raise the tobacco tax to bring in billions of dollars to the state's coffers.
A monthly subsidy for the long-term unemployed is also to be scrapped, and taxes for small and medium-sized businesses will be eased in a bid to stimulate economic activity."
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