Rajoy's Spending Cuts, Tax Increases to Spread Pain

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July 11 (Bloomberg) -- Gustavo Bagattini, an economist at RBC Capital Markets, talks about Spanish Prime Minister Mariano Rajoy's announced tax increases and spending cuts totaling 65 billion euros ($80 billion) in the next two-and-a-half years. He speaks from London with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)

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