AOL.com Video - Daily Digit: Spain's Recession Deepens

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Daily Digit: Spain's Recession Deepens

Description:0.7 percent is today's daily digit in Europe - that's the amount Spain's economy contracted in the final three months of last year. It's worse than forecast, pushing Spain's economy deeper into recession. Unemployment is a big factor - one in four of the working population are jobless. That, together with the government's harsh austerity measures, is putting a strain on household budgets. Fiona Cincotta is with City Index. (1:08)

Source: Reuters

Tags: reuters , Fiona Cincotta