Prime Minister Jose Rodriguez Zapatero of Spain has announced that his government will adopt new economic measures to reassure markets that the country's deficit is under control.
At a summit on the euro zone debt crisis, Mr Zapatero said he would enact legislation that would limit government spending. He also pledged to crack down on tax evasion.
The BBC reports Spain has already cut government spending and introduced pension and labour market reforms.
However, the economy is struggling with an unemployment rate of 20%.