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Read my lips, no new tax increases, says minister

Stimulate economy and job creation

Spanish industry suffers. | CARLOS OSORIO

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Spanish Economy Minister Nadia Calvino said this afternoon now is the not the time to raise taxes as the priority is to stimulate the economy and boost job creation.

"All institutions coincide (in the opinion that) it's not the time to raise taxes until we have a clear and strong recovery," she told reporters after a meeting with her European Union counterparts.

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