12 May 2012   Leave a comment

Protests began in Spain last May, and over 100,000 people protested against the austerity program today.  It is somewhat remarkable that the protests remain as large as they are after a year–the government’s policies have only worsened over the year, and the protests seem to have had little effect.  The Spanish economy is one of the slowest in the EU, and there are few signs of anything picking up.  The economy has clearly gone below stall speed, and it is difficult to see how Spain can pay back its debts.

Posted May 13, 2012 by vferraro1971 in World Politics

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