Spain's regional leaders are squaring up to Madrid boycotting the latest tough deficit targets. The Eurozone's 4th-largest economy is desperately trying to fill its budget gap and recently imposed the deepest cuts in decades. But, as Aleksey Yaroshevsky reports, people are refusing to accept measures which are taking them to the brink.
2. 'Austerity' = 'Make the people pay the gambling debts of Wall St. gamblers'.
The puppet governments over there are pushing people too far and this whole thing is likely to backfire on them. Italy is next.
What's so obvious is how the 'recipe' is the same everywhere these Wall Street gamblers have been, huge profits, off-shore accounts, low taxes for the wealthy, destroy Social Programs (they HATE to see the little people getting anything they view as 'not earned' but for them, it's a RIGHT! The anger is rising, they should study history. A few of them are worried but not enough.
No one is surprised at what is happening in Spain. No one watching all of this ever thought Greece would be the only one. Economists have been predicting this, and Spain is only the 'next' as they continue to try to squeeze even more out of the people, while holding on to their trillions.