Jose Luis Rodriguez Zapatero, the Spanish prime minister, has announced he will cut the wages of state employees and slash investment spending in the latest attempt to rein in the country's budget deficit.
Civil service salaries will be cut by five per cent in 2010 and frozen in 2011 as part of the measures which aim to save $19bn.
"We need to make a singular, exceptional and extraordinary effort to cut our public deficit and we must do so now that the economy is beginning to recover," Zapatero told parliament.
The measures come days after a $1 trillion fund was established to prop up weaker eurozone states and just hours after Barack Obama, the US president, pressed Zapatero to be "resolute" in efforts to implement economic reforms.
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