VOICED: Eurozone mulls fundamental reform as Spain strikes

The video discusses the economic challenges faced by Spain and the Eurozone. Spanish public sector workers protest a 5% pay cut, part of a larger government effort to reduce a significant budget deficit. The Eurozone is grappling with a debt crisis, leading to a decline in the euro's value. EU finance ministers have agreed on a substantial fund to support debt-ridden countries, while introducing measures to oversee budgets and impose sanctions. Despite these efforts, investor confidence remains low. European governments, including Germany and Britain, are implementing austerity measures, raising concerns about potential unrest.

What factors are contributing to the lack of investor confidence in the current economic climate?

What are the potential consequences of the austerity measures announced by Germany, Britain, and others?