Spain’s govt to spend $8bn on military

Spain’s government has announced a plan to spend €7.3 billion ($8.2 billion) over the next 10 years on improving its military defense capabilities. Defense Minister Margarita Robles said on Friday that the money will be used to build five new navy frigates and, in a first phase, develop and build 348 new armored personnel carriers.

It will also enable the latest technological upgrades to be installed in its fleet of 69 Eurofighter Typhoon combat aircraft. The spending, which is an addition to the defense budget, will help create more than 7,000 jobs in areas of high unemployment, according to Robles.

The six-month-old minority government is keen to build a track record of accomplishments before it faces an election, possibly as early as next year further workers  min wage to jump 22% t this will have damaging long term implications as the govt prints money it doesn’t have. “The effective increase of 7% will be met by the govt rather than employers, at the cost of billions of euros in public money”. media  reports.

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