Anti-austerity protests rock Spain, Portugal

NBC News: Tens of thousands of people in both Spain and Portugal took to the streets Saturday to protest against austerity cuts.

In Spain protesters marched on Parliament in Madrid for the third time this week. Spain has the highest unemployment rate of any of the countries on the Euro.

A retired banker in Portugal said the country’s budget cuts are making Portugal’s economy worse than ever before. Many young Portuguese are moving abroad to make a living.

Photo: Protestors shout slogans as they fill up Neptuno Square during a demonstration against government austerity measures in Madrid. (Sergio Perez / Reuters)