austerity measures in Spain

Austerity measures in Spain refer to government policies aimed at reducing debt and budget deficits. Following the financial crisis of 2008, the Spanish government implemented these measures, which included cutting public spending, reducing salaries for public workers, increasing taxes, and reforming pensions. The goal was to stabilize the economy and restore investor confidence. However, these measures often faced criticism for leading to higher unemployment and social unrest, as they reduced funding for essential services like healthcare and education. Overall, austerity aimed to correct financial imbalances but had mixed effects on the population.