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.
What happens when a country slashes its spending?
Spain's local elections are expected to hurt the country's traditional powers. Voters upset about corruption and the flagging economy are backing parties like Podemos and Ciudadanos. Guy Hedgecoe reports from Madrid.
It may be a watershed moment for the eurozone. Overall growth this quarter was led by France and Italy - not Germany. That could signal the eurozone has finally freed itself from the lingering effects of its debt crisis.
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