Protestors march to the parliament against austerity measures announced by the Spanish government in Madrid, Spain, Saturday, Oct. 27, 2012. Prime Minister Mariano Rajoy's government has hiked taxes, cut spending, including a wage-cut for civil servants, and introduced stinging labor reforms in a bid to persuade investors and international authorities that he can manage Spain's finances without the need for a full-blown bailout. However, Spain's public finances have been overwhelmed by the cost of rescuing some of its banks and regional governments, many of which have experienced heavy losses following a property sector crash in 2008. One Spaniard in four is unemployed as the economic crisis tightens its grip. (AP Photo/Andres Kudacki)

Associated Press
Protestors march to the parliament against austerity measures announced by the Spanish government in Madrid, Spain, Saturday, Oct. 27, 2012. Prime Minister Mariano Rajoy's government has hiked taxes, cut spending, including a wage-cut for civil servants, and introduced stinging labor reforms in a bid to persuade investors and international authorities that he can manage Spain's finances without the need for a full-blown bailout. However, Spain's public finances have been overwhelmed by the cost of rescuing some of its banks and regional governments, many of which have experienced heavy losses following a property sector crash in 2008. One Spaniard in four is unemployed as the economic crisis tightens its grip.  (AP Photo/Andres Kudacki)
Protestors march to the parliament against austerity measures announced by the Spanish government in Madrid, Spain, Saturday, Oct. 27, 2012. Prime Minister Mariano Rajoy's government has hiked taxes, cut spending, including a wage-cut for civil servants, and introduced stinging labor reforms in a bid to persuade investors and international authorities that he can manage Spain's finances without the need for a full-blown bailout. However, Spain's public finances have been overwhelmed by the cost of rescuing some of its banks and regional governments, many of which have experienced heavy losses following a property sector crash in 2008. One Spaniard in four is unemployed as the economic crisis tightens its grip. (AP Photo/Andres Kudacki)
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