Spain to adopt 'very demanding' austerity plan: PM

http://www.google.com/hostednews/afp/article/ALeqM5g8XkLmLb-YLxi8moh1DBoZ-aUVOw

The public deficit -- which reflects spending by the central and regional governments as well as the social welfare administration -- represented 6.79 percent of Spain's gross domestic product (GDP), up from 1.2 percent in the same period last year.