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| Europe |
| Huge protests against austerity cuts erupt in Spain |
| 2012-07-21 |
| [Al Ahram] Hundreds of thousands protested in the streets of Spain against latest round of austerity measures imposed by the government |
| Posted by:Fred |
| #5 "These measures won't help end the crisis." Think of it this way comrade. Austerity measures arenÂ’t the solution theyÂ’re the symptoms. Does that help? |
| Posted by: DepotGuy 2012-07-21 10:08 |
| #4 Public pensions and graft aren't the primary source of the debt crisis there. But, but, but food is scarce and the colony must be reduced. Kill the soldier ants first. The Queen wills it! |
| Posted by: Besoeker 2012-07-21 10:02 |
| #3 The protesters have a point, although they are wrong on several others. Spain isn't Greece. Public pensions and graft aren't the primary source of the debt crisis there. Over the last decade+, Spain invested in a lot of major prestige public works and banks invested in real estate projects aimed at selling holiday flats to Brits etc. These have been expensive, often incompleted boodoggles and in many cases are underwritten by the public debt that is now overhanging the Spanish economy as a whole. Austerity measures will cut deeply into lower middle and middle class workers in Spain, while the EU bailouts will protect at least part of the assets of the real estate developers and banks. |
| Posted by: lotp 2012-07-21 09:57 |
| #2 You mean there is no Magic Money Tree(tm)? |
| Posted by: Procopius2k 2012-07-21 08:49 |
| #1 Spare the rod... |
| Posted by: g(r)omgoru 2012-07-21 03:06 |