New government faces up to tough deficit problem

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SPAIN - The new Spanish government of José Luis Rodriguez Zapatero (pictured) will face pressure to acknowledge the future deficits of the public pension system.

Zapatero’s socialist party (the PSOE) defeated the ruling People’s Party of José-Maria Aznar in the general election on March 14 which was overshadowed by the terrorist attack on Madrid. The Peo...

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