The Associated Press reports — Spanish Prime Minister Mariano Rajoy on Sunday defended his government's harsh austerity measures aimed at correcting Spain's grim economic forecast, one day after tens of thousands of Spaniards took to the streets to protest his handling of the country's worst crisis in decades.
On Friday the government ordered independent assessments of its banks' debt loads and forced them to set aside billions more in provisions for the real estate sector.
Global shares , euro hit as political risks pile up