Posted on 03/29/2012 10:16:08 AM PDT by Oldeconomybuyer
A nationwide general strike Thursday forced the closure of factories across Spain, though activity levels remained largely normal in big cities despite minor violent incidents.
The strike, called by the country's two largest unions, is the first clear challenge to Prime Minister Mariano Rajoy's austerity and reform drive. It has drawn support from the Socialist Party, which was in power until December and is the largest opposition in parliament, as well as the much smaller United Left bloc.
The protest puts the spotlight on Spain just a day before the government presents its 2012 budget, which the EU and investors will carefully scrutinize for proof of the government's commitment to slashing one of Europe's largest budget deficits. In a sign of rising investor unease, Spain's 10-year bond yield rose 12 basis points to 5.42%, climbing back toward three-month highs.
(Excerpt) Read more at online.wsj.com ...
Fortunately our private sector union infrastructure is so weak at this point they’d have great difficulty organizing a strike action on this scale.
Hussein is busy taking notes.
I wish our generals would all go on strike so we could lock them out.
Just what an economy on it’s knees needs. LOL.
Maybe if instead of striking and taking days off of work, they staged a few "extra work days" they'd go a ways to putting their economy back on track.
Oh well. They deserve it. Isn't this the country that threw out the conservatives based on a pack of lies and put in the socialists back a few years?
They got what they wanted. The good life! ... for a few years til the socialists ran them into the ground. Now let em wallow in it!
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