Spain To ‘Takeoff’ In 2015 After Years Of Financial Pain – Prime Minister – 27 December 2014

RT logo2014 has been ‘an economic renaissance’ for Spain, as GDP is expected to grow 1.4 percent, the highest in the eurozone, says Spanish Prime Minister Mariano Rajoy.

“2012 was a year of budget cuts for our country, 2013 a year of reforms, 2014 of an economic renaissance, and 2015 will be a year of an economic takeoff,” TASS quotes Rajoy talking to his conservative Popular Party.

The breakthrough is expected to come on the back of a 0.25 percent increase in pensions, and a 0.5 percent rise in minimum wages, which will be coupled with zero inflation and lower income tax, the Prime Minister explained.

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