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Austerity

  • Thousands protest austerity measures in Spain

    Madrid – In Spain on Thursday, yields on the country’s five-year bond reached a 16-year record high as the Conservative government tried to convince investors and European finance ministers that Spain can properly handle its budgetary crisis. The news came as tens of thousands of protestors took the streets in some 80 cities across the country, angry at the country’s recent austerity measures. Puerta del Sol is a popular Madrid plaza, filled with shops, cafes and, on Thursday, thousands of demonstrators from all across the capital region. A march that began less than one kilometer away ended steps away from…

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