Also in this playlist...
This transcript is automatically generated
Now -- that developing story out of Europe let's head back to Brian Sullivan in Madrid Brian.
Thank you very much today -- while the United States raises federal government worker pay.
Spain is taking drastic measures to cut.
Civil service pay reduce its debt and try to ease global concerns.
At Spain's economy and debt problem.
Could infect the rest of the world and we are joined now by -- -- -- he is a member of the Spanish parliament sir thank you very much for joining us there was a very.
Contentious I think meeting this morning where prime -- -- -- announce these drastic cuts take us inside the meeting what was said.
-- off there yes soulful.
That money from the Houston mom.
All -- in the opening economies.
Missed the -- they don't work right -- they're house announces a case on cots and -- poverty but yet.
That would affect.
-- -- tigers are runs.
However you know involvement and you think that the prime minister and you're you're not in his political party you believe that he has been overspending.
For years for sure.
Is -- Steve -- all fees six years ago.
Development -- being.
Overspending their body suspended her husband growing and it was over at our.
You five our part the part per pupil -- that's -- them on the Dotson that's an -- -- yes.
It's just -- -- He's sound.
It on the -- -- with.
-- home -- is something from them by bases but.
In my view in our view war -- Go over arm.
Let's that by the government -- -- Yes but but beat the unions in Spain really all across Europe are very powerful they are not happy about these these cuts can you can you fight the union.
I yeah I do hope so they hop on announced that -- demonstrations about.
If you'll look for four spun his people and -- is when these people.
There was UC's.
And -- the night before and -- -- and I.
Right is -- -- or or most but people -- of or income.
The country's suffering because all of them and brought them.
I am sort there -- We've with policies.
-- -- did that these stunts.
Over but you have -- 1% unemployment one and every five adults in Spain is unemployed.
The third most indebted nation behind the UK and Japan do you think Spain will default on its debt.
What do I do hope.
-- we you know.
-- we that you the right mess are say.
We need only -- they don't and he is spending cuts but also.
-- -- reforms -- foreign sort of got in in labor market information on.
Reforms we will -- In our pensions -- then -- also.
Foreign food demoralized that -- economy.
That is what.
And former president the former prime means that it he'd been you go.
Over the nineties we hide those days holes all.
-- -- it's -- -- over this in Memphis and if poverty that's it I'm over over 20%.
I'm only very few did yesterday is did that come through -- that we four room.
If I mean you're more -- jobs.
I did or about I'm -- okay.
-- your Thelma thank you very much remembered -- of these Spanish parliament very critical government spending saying they've been overspending for years.
They're taking dramatic measures to try to cut their debt ease global concerns.
But with one in five adults here in Spain unemployed.
The situation could remain tough for awhile.
Ryan thank you for that Brian -- in --
Filter by section