Spain's 'crisis budget' hits public spending

Spain's Deputy Prime Minister Soraya Saenz de Santamaria

Spain's Deputy Prime Minister Soraya Saenz de Santamaria described the austerity measures unveiled today as a "crisis budget aimed at emerging from the crisis".

She told a news conference that the emphasis was on cuts rather than tax increases, but she was keen to stress that social spending accounted for 63.5% of the budget.

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Spanish protests turn violent

Spanish protests over spending cuts and the country's woeful unemployment rate have turned violent when demonstrators in Madrid hurled stones towards police. Riot police were seen striking out at several protesters during the disturbances.