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Spanish protests turn violent

Spanish protests over spending cuts and the country's woeful unemployment rate have turned violent when demonstrators in Madrid hurled stones towards police. Riot police were seen striking out at several protesters during the disturbances.

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Spain to keep retirement age at 65

Protesters demonstrate outside Madrid's Parliament last night. Credit: Reuters/Susana Vera

Spain will raise pensions by drawing three billion euros from a reserve fund, but it stopped short of raising the retirement age from 65 to 67.

However, there will be new measures introduced to discourage people from taking early retirement.

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