Monday 14 October 2019

Violent clashes at Spanish protest against austerity

Riot police charge at firefighters during a protest against austerity measures in front of the Catalunya Parliament in Barcelona, Spain.
Riot police charge at firefighters during a protest against austerity measures in front of the Catalunya Parliament in Barcelona, Spain.

Greg Keller

Riot police engaged in clashes with firefighters during a protest against austerity outside the Catalunya Parliament in Barcelona.

And yesterday, the European economic think tank the OECD warned that the recession in Europe risks threatening the world's economic recovery.

The Organisation for Economic Co-operation and Development said that protracted economic weakness in Europe "could evolve into stagnation with negative implications for the global economy".

The OECD slashed its forecast for the 17 European Union countries that use the euro, saying it will shrink by 0.6pc this year, after 0.5pc drop in 2012.

Austerity measures have sparked social unrest across the continent. Europe's young people are especially suffering, with unemployment of around 50pc in some of the hardest-hit countries such as Spain and Greece.

Separately yesterday, the European Union moved away from its focus on tough austerity when it gave France, Spain and four other member states more time to bring their budget deficits under control to support their economies.

See Business

Irish Independent

Today's news headlines, directly to your inbox every morning.

Editors Choice

Also in World News