1. Spanish P.M. says tax cuts on the
horizon, recession coming to an end

2. Source:
Pontevedra, Spain, Aug 31 (EFE).- Prime Minister Mariano
Rajoy said Saturday his government would announce plans
to cut taxes within a year and predicted that the Spanish
economy was "on the cusp" of growth.
Speaking at a political rally in this northwestern city, the
premier forecast that the country's economic situation
would improve sufficiently to enable his administration to
lower taxes, though he did not provide specifics.

3. Although Spanish conservatives had consistently called
for taxes to be lowered in the past, Rajoy's
administration raised them after taking office in a bid
to narrow a large budget deficit.
The economic situation "is not good yet, but it's better
than a year ago," Rajoy said, recalling that the
country's risk premium - the extra return investors
demand to hold the country's benchmark 10-year bond
compared with equivalent German debt - is no longer
weighing heavily on the country's finances.

4. Several days prior to the victory of Rajoy's conservative
Popular Party in Spain's November 2011 general
election, the country's risk premium stood at 460 basis
points.
It climbed to as high as 550 basis points in June 2012
but has fallen since and ended at 268 basis points at
Friday's close.
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spanish P.M. says tax cuts on the horizon, recession
coming to an end