Anti-austerity protests grip Spain

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News.com.au - Harold Heckle, 10/8/12

TENS of thousands of people have marched in 56 Spanish cities to protest punishing austerity cuts they say will only increase unemployment and job insecurity in a country experiencing its second recession in three years and record high unemployment.

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Around 20,000 people marched in Madrid on Sunday behind a banner that said: "They want to ruin the country. We have to stop them." The rally in Spain's capital was supported by 150 organisations.

Protesters chanted slogans against cuts and waved placards reading "youth without jobs, society with no future." That is a reference to the youth unemployment rate, which surpasses 50 per cent. Spain's overall jobless rate is nearly 25 per cent and social unrest is on the rise.

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