Arab Today, arab today parliament march ahead of new spain budget
Last Updated : GMT 20:43:23
Arab Today, arab today
Arab Today, arab today

Parliament march ahead of new Spain budget

Arab Today, arab today

Arab Today, arab today Parliament march ahead of new Spain budget

Madrid - UPI

Angry protesters marched on Spain\'s Parliament early Thursday ahead of Prime Minister Mariano Rajoy\'s release of an austerity budget and new reforms. The government was also to release the results of an independent \"stress test\" audit of the Spanish banking sector, which Finance Minister Luis de Guindos said would likely show the sector faces at least a $77 billion shortfall. The third day of protests, which had no immediate reports of violence, were in contrast to Tuesday\'s clashes between police and demonstrators in front of the Parliament building. They came a day after Spain\'s central bank said Wednesday the recession-bound economy continued to contract at a \"significant rate\" in the third quarter, with all major indicators deteriorating. This follows a second-quarter gross domestic product contraction of 1.3 percent. Greece was also shut down by a general strike Wednesday, with 50,000 people marching on the Parliament. Prime Minister Antonis Samaras is facing intensifying international-lender demands for stronger austerity measures and rage among a population hit with 24 percent unemployment. Spain\'s 10-year borrowing costs rose above the danger line of 6 percent, and Rajoy told The Wall Street Journal if rates remained \"too high for too long\" Spain \"would ask for this bailout.\" But he said, \"At the moment, I cannot tell you\" if Spain planned to seek international assistance. He also told a meeting in New York of the Americas Society and Council of the Americas, dedicated to fostering Hispanic world relations, that despite the Madrid protests, Spain\'s \"silent majority\" assumes sacrifices without complaining. The latest Metroscopia poll shows 84 percent of Spaniards, and 59 percent of voters of his Peoples Party, said they lost confidence in his leadership. The euro fell to a two-week low against the dollar. Spain\'s financial pressures were compounded by a constitutional crisis brewing in the wealthy northeastern Catalonia region, which called snap elections Tuesday for Nov. 25. The elections are being called by the region\'s powerful leader a proxy referendum on independence. Catalonia -- an autonomous community with the official status of a \"nationality\" -- is Spain\'s largest region by output but also its most indebted. It recently requested a $6.5 billion bailout from the central government. Catalan leader Artur Mas i Gavarro said in Barcelona Catalonia understood a referendum must be approved by Madrid to be legally binding, but he said nothing could stop the Catalan people from making \"sovereign decisions.\" \"Firstly there is the intention to do it in accordance with the law, and if that can\'t be done we will do it all the same,\" the Financial Times quoted Mas as saying. Mas described recent events as the most dramatic in Catalan history. Rajoy\'s 2013 budget plan, together with other changes aimed at improving the way Spain\'s economy functions, could shore up investor confidence in the eurozone\'s No. 4 economy, the Journal said. Analysts told the newspaper investors would watch the budget for any indications Spain was laying the groundwork for a bailout request.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today parliament march ahead of new spain budget Arab Today, arab today parliament march ahead of new spain budget

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday