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Fri, May 14, 2010 - Page 10 News List

Spain joins euro austerity drive, gold up

TRIMMING Madrid will slash civil service pay by 5 percent this year, freeze it next year, cut investment spending and pensions, and axe 13,000 public sector jobs

REUTERS , MADRID and BRUSSELS

French Finance Minister Christine Lagarde suggested on Tuesday that each government should put its stability and growth program — a three-year fiscal plan — to a parliamentary vote before sending it to Brussels. That could make it harder for EU officials to unpick budget measures.

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