Resisting Spanish deficit reduction plan

Eurozone wants to reduce country's budget shortfall dramatically in two and a half years.

    Spaniards are facing further government cuts and higher living costs.

    The eurozone has promised a bailout for Spanish banks, but it will not give it without the government lowering its debt.

    The goal is to reduce the budget deficit by almost $80bn in two and a half years, something which can only be achieved by increasing taxes and reducing government spending.

    The announcement came as thousands of miners protested in Madrid.

    Al Jazeera's Tim Friend reports from the capital.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Israel’s settlements: 50 years of land theft explained

    Israel’s settlements: 50 years of land theft explained

    On the anniversary of UN Resolution 242, Al Jazeera explores the illegal Israeli settlement enterprise.

    Robert Mugabe: Portrait of a presidency

    Robert Mugabe: Portrait of a presidency

    Some key moments in the life of the man who led his country from independence in 1980 until November 21, 2017.

    When is Thanksgiving Day and why is it celebrated?

    When is Thanksgiving Day and why is it celebrated?

    In the US, Thanksgiving Day will be celebrated on Thursday, November 23.