Spain is in Need for Debt Restructuring, UK Heads for European Union Budget Showdown

Latest European Union budget plan, UK heads for EU budget showdown, European Council president Van Rompuy puts forward compromise that approaches demands for a freeze on spending – on one measure he proposes a cut

Meanwhile from Madrid we reporting, Spain is in need of urgent repair, The need for debt restructuring is painfully clear, and with one in four workers jobless, urgent action must be taken, writes Sebastian Mallaby