Spain continues to slide deeper into recession. Economic output fell by 0.7 percent on the same period in 2011. It's the steepest decline in three years. Spending cuts and tax hikes are putting the brakes on growth.
As Europe's economies recover, debt levels continue to grow. But national budgets are only a few of the trees in a highly flammable forest of private debt, and government austerity may not be able to put out the flames.
Spain's national parliament has overwhelmingly rejected a resolution calling for a referendum on independence in Catalonia. But the province's president has vowed to forge ahead with the campaign for secession.
German Chancellor Angela Merkel's visit to Athens was a sign of support for the Greek government's austerity measures. But experts warned that the country had not overcome its financial crisis.
There were clashes between police and protesters as thousands of people rallied in the Spanish capital, Madrid. Demonstrators from across the country voiced opposition to austerity measures.
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