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Spain eases spending constraints ahead of elections

Spanish Prime Minister Mariano Rajoy sits before the 2016 budget draft debate at the parliament in Madrid on August 25, 2015Spain’s lower house on Tuesday approved a 2016 budget designed to ease some spending restrictions after years of austerity, ahead of legislative elections due on December 20. The conservative government of Mariano Rajoy describes the budget as a reward for five years of belt-tightening, after growth resumed last year.

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