Spanish shoppers face a sharp increase in the cost of living after the government slapped a three per cent rise on VAT.
Madrid is desperate to raise cash to slash 65 billion euros off the public deficit by 2014 and save the country from a full blown bail out.
The move will further squeeze consumers and small businesses.
The price hike has infuriated shoppers in Madrid:
...
http://www.euronews.net/
