Spanish economy contracting at 'significant rate'

The Bank of Spain has warned that the Spanish economy is still contracting at a "significant rate".
The announcement came after police fired rubber bullets at protesters outside parliament in Madrid last night.
Yesterday, the Spanish region of Catalonia called a snap election - one which could lead to Spain's most important economic region declaring independence.
The Spanish government is also due to detail further spending cuts tomorrow.
Spanish unrest, along with a general strike in Greece, has led to stock markets around Europe declining today.
Up to half of the Greek workforce is expected to protest against another round of cutbacks being demanded in return for financial support from EU and International Monetary Fund.