Statistics office confirms Spain back in recession
Ciaran Giles - The Associated Press
AP Photo/Daniel Ochoa de Olza
Thousands demonstrate against education and health care spending cuts in Madrid, Sunday, April 29, 2012.Tens of thousands of people across Spain are protesting education and health care spending cuts as the country slides into its second recession in three years. With unemployment at 24.4 percent - a Eurozone high - and more than half of Spaniards under 25 years old jobless, Prime Minister Mariano Rajoy's conservative government has introduced stinging austerity measures in its first five months in office.
Thousands demonstrate against education and health care spending cuts in Madrid, Sunday, April 29, 2012.Tens of thousands of people across Spain are protesting education and health care spending cuts as the country slides into its second recession in three years. With unemployment at 24.4 percent - a Eurozone high - and more than half of Spaniards under 25 years old jobless, Prime Minister Mariano Rajoy's conservative government has introduced stinging austerity measures in its first five months in office.
This is Spain's second recession in three years. The contraction follows a similar decline in the final quarter of last year. Two consecutive quarters of economic contr
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