InfoAnda - Spain prepares more austerity, protesters clash with police |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Britain appeals for release of kidnapped men in Iraq | 28 May 2009
Intel CEO Ottelini to step down in May | | 19 November 2012
19 bears rescued from bear bile farm in Vietnam | 23 January 2010

Probe ordered after India train crash kills 12 | 14 February 2009

Forum Views () Forum Replies ()

Read more with google mobile : Spain prepares more austerity, protesters clash with police |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Reihan Salam Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (1) Slideshow Counterparties: Today's Best Links The economic impact of climate change As climate change melts Greenland's polar ice, its ancient fishing culture is slowly being replaced by mining, the New York Times reports. Read more at Counterparties "Free" checking now more expensive China's dangerous car obssession Get Counterparties delivered to your inbox! Follow Reuters Facebook Twitter RSS YouTube Read UPDATE 6-In New York, defiant Ahmadinejad says Israel will be 'eliminated' 24 Sep 2012 Obama offers himself up as 'eye candy' on 'The View' 24 Sep 2012 Google says Maps not waiting in wings for iPhone 5 4:22am EDT Obama: U.S. will "do what we must" to curb Iran nuclear bid | 4:52pm EDT Japan fires water cannon to turn away Taiwan boats 1:07am EDT Discussed 116 Iran ready to defend against Israeli attack: Ahmadinejad 113 Egypt Salafi urges U.N. to criminalize contempt of Islam 97 Obama offers himself up as ‘eye candy’ on ‘The View’ Sponsored Links Recommended Newsletters Reuters U.S. Top News A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day. Reuters Deals Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Reuters Technology Report Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Subscribe Full List of Available Newsletters Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Siberia's air 911 For thousands of people in Siberia, air evacuation is the only way they can get emergency medical treatment. Slideshow Yom Kippur Yom Kippur, the Jewish Day of Atonement. Slideshow Spain prepares more austerity, protesters clash with police Tweet Share this Email Print Related News Weaker growth, debt concerns send stocks lower Mon, Sep 24 2012 Germany's Schaeuble says Spain doesn't need bailout Fri, Sep 21 2012 Exclusive: Spain eyes pension reform with aid package in sight Fri, Sep 21 2012 Spain borrowing costs ease at auction, relief may be brief Thu, Sep 20 2012 Calls for more time as Greece faces deficit squeeze Tue, Sep 18 2012 Analysis & Opinion Austerity in the dock as Europe’s debt-stricken leaders meet Essential reading: Pension crisis looms despite cuts, and more Related Topics World » Spain » 1 of 30. A demonstrator struggles with Spanish National Police riot officers outside the the Spanish parliament in Madrid September 25, 2012. Protesters clashed with police in Spain's capital on Tuesday as the government prepares a new round of unpopular austerity measures for the 2013 budget that will be announced on Thursday. Credit: Reuters/Sergio Perez By Tracy Rucinski and Paul Day MADRID | Tue Sep 25, 2012 4:49pm EDT MADRID (Reuters) - Protesters clashed with police in Spain's capital on Tuesday as the government prepares a new round of unpopular austerity measures for the 2013 budget that will be announced on Thursday. Thousands gathered in Neptune plaza, just a few meters away from El Prado museum in central Madrid where they formed a human chain around parliament, surrounded by barricades, police trucks and more than 1,500 police in riot gear. Police fired rubber bullets and beat protesters with truncheons, first as several protesters were trying to tear down barriers and later to clear the square. The police said at least 15 people had been arrested and at least 6 injured. The protest, promoted over the Internet by different activist groups, was younger and more rowdy than recent marches called by labor unions. Protesters said they were fed up with cuts to public salaries and health and education. "My annual salary has dropped by 8000 euros and if it falls much further I won't be able to make ends meet," said Luis Rodriguez, 36, a firefighter who joined the protest. He said he is considering leaving Spain to find a better quality of life. With this year's budget deficit target looking untenable, the conservative government is now looking at such things as cuts in inflation-linked pensions, taxes on stock transactions, "green taxes" on emissions or eliminating tax breaks. The 2013 budget is the second one conservative Prime Minister Mariano Rajoy has had to pass since he took office in December. Spain must persuade its European partners that it can cut the budget shortfall by more than 60 billion euros by 2014. Rajoy has already passed spending cuts and tax hikes worth slightly more than that over the next two years, but half-year figures show the 2012 deficit target slipping from view as tax income forecasts will not be hit due to economic contraction. He said earlier this month the 2013 budget would cut spending further in all areas of government apart from pensions and borrowing costs. Spain is at the centre of the euro zone debt crisis on concerns the government cannot control its finances and those of highly indebted regions, bitten by a second recession since 2009 which has put one in four workers out of a job. REGIONAL TENSION On the regional front, Catalonia, which generates about 20 percent of the national output, announced on Tuesday it would hold early elections on November 25 after its call for more tax autonomy was rejected last week by Rajoy. Political uncertainty in cash-strapped Catalonia, along with an announcement from southern region Andalucia it might seek a 4.9 billion euros credit line from the central government, will pile more pressure on Madrid to seek European aid. Rajoy is holding back from applying for help, which would activate a European Central Bank bond-buying programme and bring down Spain's punishing debt premiums. With the threat of the plan alone reducing 10-year yields by around 2 percentage points, the cautious leader, known for keeping his cards close to his chest, is playing for time. Rajoy says he is mulling the conditions of a bailout application, but suspicion that he may wait until after regional elections on October 21 pushed short-term yields higher at auction on Tuesday. The government is also expected on Thursday or Friday to set a fresh timetable for economic reforms, seen as an attempt to pre-empt strict EU-imposed conditions for aid. "Let us in, we want to evict you," protesters chanted outside parliament. Evictions have soared in Spain as thousands of people have defaulted on bank loans. Demonstrators said they were angry that the state has poured funds into crumbled banks while it is cutting social benefits. "We're protesting against the cuts. I've had to give up my apartment," said Ondina, a 30-year-old fine arts graduate who is without a job. She said she can't survive on an unemployment benefit of 260 euros ($340) a month. RUNNING OUT OF OPTIONS Half-year deficit data indicate national accounts are already on a slope that will drive Spain into a bailout. The deficit to end-June stands at over 4.3 percent of gross domestic product, including transfers to bailed out banks, making meeting the 6.3 percent target by the end of the year almost impossible. On Tuesday, the treasury ministry said the central government deficit to end-August had reached 4.77 percent of GDP, already above its year-end target of 4.5 percent of GDP. "Its going to be difficult keeping the deficit to around 2 percent in the second half, when the first half was closer to 4 percent, especially since traditionally, the second half deficit is higher than the first," said Juan Ignacio Conde-Ruiz, economist at Madrid's Complutense University. For 2012, the measures aim to reap savings of over 13 billion euros, but economists see the deficit missing the target by almost 1 percentage points implies further saving needs of up to 10 billion euros for this year alone. Rajoy has been careful to highlight the importance of next year's deficit target of 4.5 percent of GDP though any shortfall this year will weigh on 2013's accounts. After slashing civil servants' wages, raising value added tax and cutting health and education spending, Rajoy is running out of options. (0.7743 euros) (Additional reporting by Iciar Reinlein and Borja Gonzalez, writing by Fiona Ortiz and Julien Toyer; Editing by Stephen Powell) World Spain Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) Harry079 wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 26 September 2012
Obama at U.N. calls for end to intolerance, warns Iran |
Italian PM Mario Monti says he won't run for election |
Spain prepares more austerity, protesters clash with police |
China slowdown adds urgency to Communist Party soul searching |
Syrian rebel bombs target security building in Damascus |
Egypt sentences Islamists to jail over Suez murder |
Russian lawmakers call for jail for blasphemous acts |
South Africa's Malema to face corruption hearing |
Yahoo names new CFO as Mayer fleshes out plans |
Ericsson buys Canada-based ConceptWave Software |
Katy Perry named Billboard's woman of the year |
Ronnie Wood, ex-wife auction off Rolling Stones memorabilia |
Gay TV show New Normal gives Republicans a voice |
Juan Luis Guerra leads Latin Grammy nominations |
NBC renews The Voice for two more seasons |
Spain to seek bailout if yields too high for too long |
Greek government faces first big anti-austerity strike |
South Africa's Malema charged with money-laundering |
China, Japan stand their ground in islands row, but keep talking |
Maldives court orders island arrest for ousted president |
Japan opposition gives ex-PM Abe second chance amid China feud |
Explosions strike top Syrian army building |
Magnitude 6.2 earthquake strikes near Mexico's Baja Peninsula |
North Korea gets lukewarm reception to investment plea |
Brazil court orders YouTube to remove anti-Islam film |
Yahoo CEO fleshes out plans, new CFO named |
Barnes & Noble takes aims at Amazon, Apple with HD Nook tablets |
Wells Fargo website hit by access issues amid cyber threats |
Online video firm Youku Tudou sees slower content-cost growth |
Google executive in Brazil faces arrest over elections law |
IBM aims for Amazon, Salesforce.com with midsize cloud plan: WSJ |
RIM spurs rare optimism with surprising growth, new phone |
Lawsuit over HP ex-CEO Hurd payout dismissed |
Widespread use of digital wallets to take time: Canada panel |
Cisco CEO suggests Whitman will have hard time turning around HP |
Madonna says she was being ironic in calling Obama a Muslim |
Gay TV show New Normal gives Republicans a voice |
Pakistan Islamist accuses Obama of religious war on Muslims |
Anti-cuts protests erupt on streets of Athens and Madrid |
Death of rebel who caught Gaddafi stokes Libya tensions |
EU considers sanctions against Iranian banks, energy sector |
French joblessness tops 3 million for first time in 13 yrs |
U.N. nuclear chief Amano to stand for another term |
Iran pushes ahead in building nuclear reactor |
Families of Polish plane crash victims ask: Who did we bury? |
Insight: Italy's slow Internet set for reboot |
Middle East telcos mull alliance in Facebook fight |
Angry Birds maker hopes Bad Piggies will help it fly again |
IBM aims for Amazon, Salesforce.com with midsize cloud plan: WSJ |
Chinese ministries test-drive China-made electric cars: Xinhua |
RIM shares rise further as investors see hope |
China solar groups reject illegal subsidy complaint |
Singer Andy Williams dies at age 84 |
Potter author steps into unknown with adult debut |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01