BACK IN RECESSION: Spain said it was back in recession, as the country's economy shrank 0.3 percent in the first quarter compared with the previous three months. The contraction follows a similar decline in the last three months of 2011.
NOT ALONE: This is Spain's second recession in three years.
AUSTERIY UNWELCOME: Spain now has 24.4 percent unemployment and a deficit of 8.5 percent as of the end of 2011, which it must reduce to 3 percent in 2013. On Sunday, tens of thousands people protested emergency reforms and austerity measures.
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