Spanish public won't accept a financial coup d'etat (October 10 2012) Spanish public won’t accept a financial coup d’etat (October 10 2012)

Katharine Ainger the Barcelona based writer interested in the points where art, creativity, radical democracy and ecological justice intersect, reports in an article for The Guardian titled ‘The Spanish public won’t accept a financial coup d’etat’, claiming that Spain’s government is right to fear the public reaction to this new round of suffering mandated by the financial markets. Ainger states “The attempt by the Spanish “Occupy” movement, the indignados, to surround the Congress in Madrid has been compared by the secretary general of the ruling rightwing People’s party (PP) to an attempted coup. Spanish democracy may indeed be in peril, but the danger is not in the streets. According to the Financial Times, the EU has been in secret talks with the economy minister Luis de Guindos to implement further austerity measures in advance of Spain requesting a full bailout. …The government is right to fear the Spanish public’s reaction to this new round of suffering mandated by the financial markets. … Spain is on the brink of insolvency and under huge pressure to accept a rescue package. In return, the eurozone’s fourth largest economy will have to surrender sovereign and financial control to the IMF, the European commission, and the European Central Bank. …Already many protest signs say: “We can’t take any more.” With a 26% unemployment rate, 22% of Spanish households now live below the poverty line and a further 30% cannot “reach the end of the month”… Loss of sovereignty is fuelling desire for Catalan independence with huge protests. Spanish citizen movements, like those in Greece, Ireland, Portugal, Italy and France have demanded a debt audit, to see who really owes what to whom.”

 

Inspired by The Guardian ow.ly/ebhGS image source Twitter ow.ly/ebhC5