Consequences of The 14-D Strike
Some economists believe the strike was to blame for a large increase in public spending, which led to an increase in the budget deficit. Others prefer to blame public spending in the 1992 Olympic Games held in Barcelona, the 1992 world fair in Seville, plus the first high-speed train, for the large budget deficit. The budget deficit led to spending cuts which, coupled with a tough monetary policy, led to a recession in 1993.
Read more about this topic: 1988 Spanish General Strike
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