Spaniards march against austerity

Spaniards march against austerity

 

BreakingNews.ie
12 May 2012

 

Thousands of Spaniards angered by their grim economic prospects and political handling of the international financial crisis turned out for street demonstrations in the country’s cities today, marking the one-year anniversary of a movement that inspired similar pressure groups in other countries.

Protesters in Madrid converged on the central Puerta del Sol plaza in the evening and aimed to stay for three days. But authorities warned they wouldn’t allow anyone to camp out overnight, and up to 2,000 riot police were expected to be on duty.

Marches were also held in Barcelona, Bilbao, Malaga and Seville. Sympathisers held demonstrations in other European cities.

The protests began on May 15 last year and drew hundreds of thousands of people calling themselves the Indignant Movement. The demonstrations spread across Spain and Europe as anti-austerity sentiment grew.

Spain is in deep economic difficulty, prompting fears it may need a bailout similar to those helping Greece, Ireland and Portugal. It is in recession, and unemployment stands at almost 25% – the highest among the 17 countries using the euro. One in two Spaniards under the age of 25 are out of work.

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