Inside these posts: Austerity plan

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Spain OKs new austerity measures to calm markets

Spain's Finance Minister Elena Salgado speaks on the country's new austerity measures. (AP/Victor Caivano)

The Spanish government has approved a package of new austerity measures and economic stimulus that it hopes will ease investor fears about its debt.

The moves include selling off nearly third of its national lottery, partially privatizing airports, cutting a jobless benefit and trimming taxes for small companies.

The measures were agreed to at a weekly cabinet meeting Friday. Get the full story »