Skip to comments.SPAIN IS THE NEW GREECE: And This Time It's Big Enough To Matter...
Posted on 03/29/2012 8:11:37 AM PDT by blam
SPAIN IS THE NEW GREECE: And This Time It's Big Enough To Matter...
March 29, 2012
Spanish trade unions are holding a general strike across the country today to protest new labor reforms, and by all accounts it has been a largely peaceful protest.
While for the most part conditions on the ground are relatively normal, photos from Madrid, Barcelona, and Pamplona indicated that some young protestors are escalating the angst, painting symbols supporting anarchy on walls, and causing small bouts of destruction.
Such events are reminiscent of similar protests in Syntagma Square, Greece, where groups of youthful protestors turned riotous despite generally calm strikes.
But Spain's unemployment data suggest that these protests could eventually be much largernearly half of young people are unemployed and they face a tough future and a shrinking social safety net amid economic contraction and austerity measures.
We can't help but ask: could Spain turn into the next Greece?
(Excerpt) Read more at businessinsider.com ...
Spain is going under. Oh no! Where will I get my olives for my martini now?
Real Madrid and FC Barcelona could solve this crisis by just selling off their players.
Good thing Franco is still dead.
Coming soon, to a country near you and I.
Don’t laugh - you will be next
Quick! let’s join the Euro
FC Barcelona - 0 Milan - 0 Spanish Treasury - 0
The socialists created the conditions Spain now finds itself in and a Right-of-Center government is left to try and improve things and will likely also take the blame for the pain that ANY SOLUTIONS will temporarily create.
Where is that pic of Dark helmet from Spaceballs?
Not yet, it has been a calm day here. However, conditions are slowly moving towards reaching criticality (and supercriticality!) in the coming months.
Is the ECB prepared to suffocate it by a flood of newly printed euros?