Posted on 07/21/2012 6:46:50 PM PDT by Oldeconomybuyer
(Reuters) - Hundreds of unemployed Spaniards who had walked hundreds of kilometres (miles) to Madrid joined protests on Saturday against Prime Minister Mariano Rajoy's government and its handling of an economic crisis.
Demonstrations have swollen across Spain since the centre-right government announced 65 billion euros in new spending cuts two weeks ago to cut its deficit and avert a full-blown bailout, with firefighters and police joining a mass protest on Thursday.
Several hundred people journeyed on foot from the southern region of Andalucia, which has one of the worst unemployment rates in Spain, and from northern Catalonia and other areas in an attempt to highlight the plight of the unemployed in recession-hit Spain, where almost one in four is without a job.
One of the government's most controversial cuts will affect unemployment benefits, set to be reduced for the newly jobless.
Spain's borrowing costs have continued to climb to record highs, reaching a peak on Friday after the Valencia region asked for financial help and the government unveiled gloomy economic forecasts.
The economy is likely to remain stuck in recession next year and unemployment will drop only slightly in the next three years, the government said.
(Excerpt) Read more at in.reuters.com ...
Demonstrations have swollen across Spain since the centre-right government announced 65 billion euros in new spending cuts two weeks ago to cut its deficit and avert a full-blown bailout, with firefighters and police joining a mass protest on Thursday.
Because in this case “Spain” cannot force an Extortion-Care against the Germans, as is the case here.
Good job Spain. You laid down with the dogs, now you getting up with fleas and are complaining.
there is no answer once the people become addicted to government.
Detox from socialism is like heroin detox.
The unemployment rate in Spain is now 25%. It was 5% before the socialists took power!
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