Madrid Protesters March Again as Spain Braces for Cuts
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Spanish Prime Minister Mariano Rajoy meets ministers today to approve a 2013 austerity budget as protests in the capital and dissent from regional leaders deepen his predicament over seeking a bailout.
Rajoy is vowing to cut the deficit by at least 18 billion euros ($23.2 billion) next year, defying tens of thousands of demonstrators who fought with police in Madrid this week to demand the premier reverse course and resign. Deputy Prime Minister Soraya Saenz de Santamaria, Economy Minister Luis de Guindos and Budget Minister Cristobal Montoro will brief reporters on the budget and a package of reforms at 5 p.m. in Madrid.