This Time Portugal Protests Against Austerity
Thousands of Portugueses marched on the streets of more than 20 cities in Portugal today, protesting Portugal Government’s extreme austerity measures that were implemented in exchange of a €78 billion ($101 billion) international bailout needed in 2011. The people on the streets were shouting and waiving their placards that said “Screw the troika, we want our lives back.” in Lisbon, demonstrators threw tomatoes and beer bottles at the IMF’s office. ‘Troika’ is the nickname given to The European Commission, the International Monetary Fund (IMF) and the European Central Bank, the lenders behind the country’s financial bailout. It literally means a…
Spaniards Protest Crashing Austerity and Corruption
Thousands of protestors marched the streets of Spain today to protest extreme austerity measures, privatization of their public services and political corruption. Spain’s conservative government passed the austerity measures in order to control euro zone’s highest budget deficit stricken economy, that was racked by a burst housing bubble in 2008. Prime Minister Mariano Rajoy has introduced some of the deepest budget cuts in Spain’s democratic history, but the cuts have only scratched the surface of the budget shortfall which is expected to be more than double in 2014. Recently surfaced allegations, that the ruling Popular Party (PP) politicians, including Prime…
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