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Spain
May 10, 2012 - 5:03pm
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Here we go again!
Must be time for a bailout to these poor banking souls.
Spain grossly underestimating bank losseshttp://business.financialpost.com/2012/05/10/spain-grossly-underestimati...
Round and round it goes, where it stops nobody knows!
Spain protesters rally against austerity measures Thousands converge in major cities
http://www.cbc.ca/news/world/story/2012/05/12/protests-europe.html
The Spailout Has ALREADY Failed...Before the Ink has Even Dried
http://www.washingtonsblog.com/2012/06/the-spailout-has-already-failed.html
"The market rallied for a couple of hours on news of the $100 billion dollar Spanish bailout (which everyone is calling the Spailout)..and then crashed. This 'Spanic' over the Spanish crisis is occuring even before the bailout deal has been finalized. Nobel economist Joe Stiglitz points out the Ponzi scheme nature of the whole bailout discussion..
'Europe's plan to lend money to Spain to heal some of its banks may not work because the government and the country's lenders will be in effect propping each other up. The system...is the Spanish government bails out Spanish banks and Spanish banks bail out the Spanish government. It's voodoo economics..'
The Bailout of Spain - by Mike Whitney
http://www.counterpunch.org/2012/06/11/the-bailout-of-spain/
"The burden of recapitalizing insolvent banks or loss-making acquisitions of solvent banks will fall on Spanish citizens..They'll pay the price while the crooks walk away scot-free."
Yanis Varoufakis on Europe's 'Dickensian Workhouse' and the Fiscal Waterboarding of Spain (and vid)
http://rt.com/programs/capital-account/yanis-varoufakis-bailout-spanish/
"The latest 'Spanish bailout' is really a 100-billion-euro-bailout for Spain's banks that adds to the tab of the already indebted Spanish government. But is this really just a blood wedding between banks and the state that will end in a bloodbath of pain threatening to consume all of Europe in its wake?
Are these really solutions that channel the workhouses of the Victorian era, of a Dickens novel, in their conditions? Greek economist Yanis Varoufakis, has used this to describe the EU's solution to a crisis that has dragged on for almost five years in some countries, and even longer in others. He joins us to give us his take on the latest Spanish 'bailout'..."
Spaniards Angry Over Economic Uncertainty (and vid)
http://presstv.com/detail/2012/06/15/246263/spaniards-angry-over-economic
"Activists, members of the 'Indignados' protest movement, have filed a lawsuit against Rodrigo Rato, a man who not long ago was the managing director of the IMF.."
suitably named too..
Obama's kill lists. They have to implement austerity and force a generation of Europeans into unemployment and economic depression in Europe because of Obama's kill lists. Bankers and corrupt politicians have no real power over the 99% except to assassinate and order hits on one another unless they do as instructed by oligarchs.
Farage says it all, and more.
http://www.youtube.com/watch?v=TN_1mF-3JTI&feature=player_embedded
You couldn't make this stuff up. Just how f.....g ridiculous can you get when Italy (probably the next country to go for help) has to give Spain, 20% of the Euro 100bn they are getting, i.e. Euro 20bn.
Worse still, the Italian's have to give it to Spain at 3%, but have to borrow the 20bn at 7% to be able to do so.
I should have been a politician.
Yeah it's not like Canadians have ever had to bailout Canada's big six banks for their losses on foreign oil speculations and bad real estate gambles in the 1980s-90's. We can hold our heads high and walk the talke because Ottawa doesn't do socialism for bankers. Just socialism for profitable oil and gas companies is all. Nobody here but us chickens.
Hundreds Clash with Riot Police in Madrid (and vid)
http://rt.com/news/riot-police-madrid-clashes-170/
Spanish Miners (and vid)
http://www.leninology.com/2012/07/spanish-miners.html
"The Asturian miners have embarked on a new 'Marcha Negra', a repeat of a famous action twenty years ago in 1992, when miners marched across the country to Madrid in defiance of job losses and cuts. Last night the miners arrived in Madrid, surrounded by approximately 150,000 supporters, about ten times the size of the reception in 1992. The Spanish media blacked it out.."
Spanish Firefighters protesting against the cuts in Bilbao. Their message to Prime Minister Mariano Rajoy Brey's right wing agenda of cuts & austerity was 'kiss my arse'.
Spanish Rallies Turn Violent as Million People Protest in 80 Cities (vid, photos)
http://www.rt.com/news/spain-protests-austerity-cuts-634/
"Over a million public employees, trade union members and fed up citizens have taken to the streets in over 80 Spanish cities. A man holds up a sign reading 'Spaniards, Franco is back!' on a street in Madrid during a protest against the Spanish government's latest austerity measures.."
Crisis: An Instrument in Building the Euroempire
http://www.voltairenet.org/article176350.html
"The erosion of the Spanish state.."
Indignados: austerity as a violation of human rights
By drawing attention to the systematic violation of human rights, 15-M has helped to shine a light on the illegitimacy of the financial structure.
http://roarmag.org/2012/08/indignados-austerity-as-a-violation-of-basic-...
Madrid On The Brink (video)
http://vimeo.com/50542582
This short film chronicles the events of September 25-29th in Madrid, Spain where tens of thousands of people have taken to the streets to demand the resignation of the government and an end to police brutality. Many of the protests ended in clashes with the police. Since the stand off began on September 25th , the images of police brutality have travelled the world over, shocking and inspiring people across.