Spain And Portugal Hit By Austerity Protests
Tens of thousands of people have staged rallies against punishing austerity measures brought in to stave off financial collapse.
10:42am UK, Sunday 16 September 2012
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Tens of thousands of people have staged rallies in Spain and Portugal to protest against punishing austerity measures.
Demonstrators threw tomatoes and fireworks at the Portuguese headquarters of the International Monetary Fund in Lisbon and two people were arrested.
In Madrid, buses transporting protesters blocked several major roads on Saturday before a march began in the Spanish capital.
The Spanish and Portuguese governments have both implemented austerity measures to prevent their countries from financial collapse.
Spain is stuck in a double-dip recession with unemployment close to 25%.
The conservative government of Prime Minister Mariano Rajoy has introduced stinging cuts and raised taxes to reduce the deficit and reassure investors.
That situation could get worse in coming weeks.
At a meeting of eurozone finance ministers in Cyprus on Friday, Spain revealed it will present a new set of economic reforms by the end of September - raising concerns it might ask for financial help from the ECB.
In Portugal, another package of recently announced government austerity measures could spark further angry protests.
One man was taken to hospital with burns after reportedly attempting to set himself on fire in the northern town of Aveiro.
Last week, Portuguese Prime Minister Pedro Passos Coelho announced an increase in workers' social security contributions from 11% to 18% of their monthly salary - equivalent to a month's wages.
Finance Minister Vitor Gaspar said income taxes will go up next year and public employees will lose either their Christmas or holiday bonus.
Tax hikes and spending cuts imposed since last year's bailout have contributed to record unemployment in Portugal above 15% and pushed the economy into its worst recession since the 1970s.
http://news.sky.com/story/985696/spain-and-portugal-hit-by-austerity-protests
Added: Sep-16-2012 Occurred On: Sep-16-2012
By: gemini
In: Regional News
Tags: austerity
Marked as: approved
Views: 1295 | Comments: 20 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
By: gemini
In: Regional News
Tags: austerity
Marked as: approved
Views: 1295 | Comments: 20 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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The bankers made bad business decisions by making loans that could never be repaid, so everyone else must suffer to repay the loans? Bullshit. I think the Pharaohs are still alive.
Posted Sep-16-2012 Bybuttkracken (659.58) buttkracken View Channel Send Message
(1)
It sucks that a couple of losers on LiveLeak spread the meme that everyone trapped by the bankers is "Lazy".
It seemed to infect the small minds here and isn't very helpful in understanding the problem.
Posted Sep-16-2012 Bybuttkracken (659.58) buttkracken View Channel Send Message
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@MB-UK UK not think this much better than others and if not look at the riots in 2010 that have threatened the English government and ordinary citizens all
Posted Sep-16-2012 Byperiquetin (30.10) 
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@MB-UK The situation is bad because even Chinese world is lying in their economic data
Posted Sep-19-2012 Byperiquetin (30.10) 
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lol
The future of a country is hanging in the balance, it faces financial ruin and bankruptcy causing hardship for all citizens and they throw tomatoes.
Someone makes a shitty satirical video about someone who may have existed thousands of years ago and the whole Middle East erupts into a violent series of riots and killings.
Human nature is a weird thing.
Posted Sep-16-2012 Bypara782 (166.24) 
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@MB-UK
True, but I think as people come to experience the reality of austerity measures for extended periods then the future of the EU will be on shaky ground indeed. The Governments want it to continue, but as the people find themselves being ignored then it could turn nasty.
Posted Sep-16-2012 Bypara782 (166.24) 
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Gotta pay those Hebrew banks, fuck the people.
Posted Sep-16-2012 ByKutKorners (545.10) 
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Well
They are both not knowed for hard workers
Posted Sep-16-2012 ByH3dgehog (474.40) 
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@H3dgehog Keep your mouth shut and continues to sell your blood diamonds. People only want to work. It's easy to talk from others when you have a minimum wage at 1.400 euros. Try to live with 500,00 euros/month your ignorant ...
Posted Sep-17-2012 Byhstf2011 (2.40) hstf2011 View Channel Send Message
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@hstf2011
As i say
They are both not knowed for hard workers
Get a job lazy bastard
Posted Sep-17-2012 ByH3dgehog (474.40) 
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@H3dgehog I have a job (yet) you M*F* but thousands don't have one becouse there are no more jobs. Globalization took the jobs to China, Indonesia where they work for a handful of rice. But you go on the right way too with unemployment at 7.7% and youth unemployment at 21.9% wait for it your c*s*
Posted Sep-17-2012 Byhstf2011 (2.40) hstf2011 View Channel Send Message
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@hstf2011
I dont think we are on the way
We dont have that soutern siesta attitude
Beside we need to work hard otherwise we cant help you to bail out
Posted Sep-17-2012 ByH3dgehog (474.40) 
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@hstf2011
And no
Spanish and portugese jobs didnt go to china and indonesia
It just you cant do things right
Just look to the cars you made ...its crap
Posted Sep-17-2012 ByH3dgehog (474.40) 
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"WE WANT EVERYTHING FREE AND WE DON'T WANT TO WORK! SCREW OUR FUTURE! SCREW OUR GRANDCHILDREN!"
Posted Sep-16-2012 Byrobocorv (161.22) 
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@robocorv Typically, you spill out bullshit without getting informed first. Keep believing your media and the BS they are feeding you, and one day it will be your turn!
Minimum wage in Portugal is 419 Euros (about US $540) *PER MONTH* (NOT per week), with Portugal having one of the highest prices for gas, utilities and essential goods in Europe. Minimum wage in the average EU country is two or three times that, everything else costing the same.
Would you be able to live on that (it's not even More..
Posted Sep-17-2012 ByJcRabbit (37.64) 
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