Spain tightens austerity screw in 2013 budget

Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout. The 2013 budget promises to meet Madrid's public deficit targets despite a deepening recession, a jobless rate of nearly 25 percent and a surge in interest rate payments on the nation's debt.Duration: 00:26