MORE PROTESTS: Government workers protested Friday in the streets in Spain as the government approved more austerity measures that include wage cuts and tax increases for a country struggling under a recession and an unemployment rate of near 25 percent. Miners had protested earlier this week.
THE ISSUE: Spain is under pressure to get its public finances on track amid concerns in the markets over the state of the country’s banks and the wider economy.
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THE OUTLOOK: Deputy Prime Minister Saenz de Santamaria said that the austerity measures were “neither simple, nor easy, nor popular,” and the government would try to enact the measures “with the maximum justice and equity.”
