9/30/2010

Workers in Spain have launched a general strike, joining unions across Europe to protest austerity measures, but demonstrators might be the least of problems confronting Spanish Prime Minister Jose Luis Rodriguez Zapatero, according to The Economist. A growth projection of 1.3% for 2011 is starting to look optimistic, while unemployment is expected to reach 19.3%. The financial market will view Spain's tough austerity as credible only if the nation hits its deficit-reduction target, the magazine notes.

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