Protesters Stage Demonstration Against Austerity Measure In Madrid, Spain

Former IMF managing director Rodrigo Rato, center right, arrives at the National Court in Madrid, Spain, Thursday, Dec. 20, 2012. Rato, a former deputy prime minister was to answer questions over his stewardship of a major Spanish bank, Bankia that had to be nationalized and bailed out for $24 billion earlier this year. Rato was one of 33 former board members of the bank named in a criminal probe.

A protestor holds up a banner reading “Don’t cut our rights” during a demonstration against austerity measures and the approval of the budget for 2013 by the Spanish government in Madrid, Spain, Thursday Dec. 20, 2012.

Protestors hold candles and banners with Spain’s Prime Minister Mariano Rajoy on it reading,’swindler wanted’ and ‘Popular Party: dangerous party’ during a demonstration against austerity measures and the approval of the budget for 2013 by the Spanish government in Madrid, Spain, Thursday Dec. 20, 2012. <AP Photo/Andres Kudacki>