Boston.com, AP, 9/26/12
Demonstrators take part in a march to the Spanish Parliament against the austerity measures announced by the Spanish government in Madrid, Spain, Tuesday, Sept. 25, 2012. Spain's government was hit hard by the country's financial crisis on multiple fronts Tuesday as protestors enraged with austerity cutbacks and tax hikes clashed with police near Parliament, a separatist-minded region set elections seen as an independence referendum and the nation's high borrowing costs rose again. (AP Photo/Daniel Ochoa De Olza)
MADRID (AP) — The Bank of Spain warned Wednesday that the country is in a deep recession, a day after clashes in Madrid between protesters and the police led to 38 people arrested and 64 injured.
The demonstrations on Tuesday evening against the government’s austerity drive at a time of mass unemployment put in sharp relief the scale of discontent that’s brewing in a country suffering its second recession in three years and an unemployment rate of nearly 25 percent.
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