<div class='node-body'><p>Spain&#39;s prime minister Mariano Rajoy announced the latest round in massive cuts to Spain&#39;s public spending on Wednesday as police fired rubber bullets at protesters amid demonstrations that have intensified throughout the day. The $79.85 billion austerity package will include cuts to unemployment benefits and civil service pay.</p>
<p>The austerity measures are part of <a href="http://www.aljazeera.com/news/europe/2012/07/201271171739287370.html">conditions imposed</a> by the European Union in exchange for a massive $122.9bn bailout package of Spain&#39;s failing banks.</p></div><div class="field field-type-filefield field-field-news-hp-image">
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