Tuesday, September 25, 2012

Thousands Rage Against Austerity In Madrid

Thousands of protesters have marched on the parliament building in Madrid as anger over austerity measures and tax hikes increases in the country.

More than 1,000 riot police blocked off access to the parliament building in the centre of the capital.

Officers used batons to push back some protesters at the front of the march.

The demonstration, with an "Occupy Congress" slogan, drew protesters weary of nine straight months of painful measures imposed by Prime Minister Mariano Rajoy.

Spain is struggling in its second recession in three years with unemployment near 25%.

The country has introduced austerity measures and economic reforms as it attempts to convince its euro partners and investors it is serious about reducing its deficit to 6.3% of GDP this year. Read More