Business

Spain reveals deep cuts to meet deficit goal

Spain announced deep cuts to its central government budget on Friday as it battles to convince European partners and debt markets it can rein in its budget deficit in the face of growing complaints from the public.

The government said it would make savings of 27 billion euros ($36 billion) for the rest of 2012 from the central government budget, equivalent to around 2.5 percent of gross domestic product. The figure includes tax rises and spending cuts of around 15 billion euros announced in December.

Madrid confirms terror boss arrest

The Spanish government says armed separatist group ETA’s military commander has been arrested in France.

French police arrested Alejandro Zobaran Arriola along with three other suspected ETA members including logistical chief Mikel Oroz Torrea, the Spanish interior ministry said in a statement.

The four suspects, whose identities had been confirmed by their fingerprints, were arrested late in the north eastern French town of Willencourt, the Spanish ministry said.