People in Madrid protesting against possible constitutional change
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Spain prepares for deficit cap vote

In Spain, lawmakers are preparing to vote on an amendment to the constitution which would create a legal cap for the country's budget deficit.

The proposed change would mean the deficit limit could only be breached in times of natural disaster, recession, or extraordinary emergencies - and only with approval of the lower house.

In 2010 Spain had a budget deficit equivalent to 9.2% of its annual economic output or GDP, more than three times the EU target.

Sarah Rainsford reports from Madrid.

  • 02 Sep 2011