SPAIN / EUROZONE : More Pressure On Rajoy To Cut Deficit.

http://edition.cnn.com/2012/03/12/business/spain-cuts-budget/index.html?hpt=ieu_c2

    The squeeze is on Spain and PM Mariano Rajoy...again.
    Last month...Rajoy blithely announced that Madrid would breach its agreed upon 4.4% budget deficit...and settle for 5.8% instead.
   The Eurozone's finmins disagreed...and are now forcing Rajoy to reduce its 2012 deficit by 0.5% more of GDP...to 5.3%...or else.
    And...Brussels insists...Spain's 2013 target of 3%...will remain intact.