Spanish stocks fell sharply on Monday amid fears that a number of regional governments will ask Madrid for financial support. The falls come after Spain’s IBEX index fell by nearly 6 percent on Friday when Valencia, a region on Spain’s southern coast, said it would seek financial support from the central government.
Spanish 10-year borrowing costs rose sharply to trade around 7.5 percent having traded below the key 7 percent mark just days ago.
Over the weekend media reports indicated Murcia, a small region to the south of Madrid would be the second of Spain’s 17 highly indebted regional governments to seek aid. Speaking in a local newspaper, the head of Murcia’s local government Ramon Luis Valcarcel said he hoped to tap government funds.
Greece is in a “Great Depression” similar to the American one in the 1930s, the country’s Prime Minister Antonis Samaras told former U.S. President Bill Clinton on Sunday.
Goldman Sachs & JPMC destroyed Greece just like they now destroy Counties and Cities all over America.
Government employees in Madrid hold signs reading ”This is a hold-up” during a demonstration against the Spanish government’s latest austerity measures. (AFP Photo/Dominique Faget)
[What few have realized is that due to the Libor Scandal, the banks have no more money, regardless of what Ben Bernanke prints. Paper is just paper. There is nothing behind it. The balance sheets of all the banks are nothing but zeros. The 1% already removed the gold, silver, and they own claim on all the real estate in the world now. The only thing that humanity can do is stage a global revolution. Game over. Realty starts now. - my comment]
Hundreds of Spanish firemen, police officers and nurses marched yelling through the streets Monday, denouncing as “robbery” the pay cuts enforced under Spain’s latest fiscal emergency plan.
“Hands up, this is a robbery,” cried protestors as they blocked a major thoroughfare in central Madrid in a demonstration organised through messages on social networking sites such as Twitter.
The latest protests erupted after Prime Minister Mariano Rajoy last week announced new pay cuts and tax increases, aiming to save 65 billion euros ($80 billion) in order to lower the public deficit.
Spain is suffering its second recession in four years, with an unemployment rate of more than 24 percent.
Cuts to public budgets are already affecting services such as schools and hospitals and critics say Rajoy’s new austerity measures will worsen economic conditions for ordinary people.
Among the latest steps is a cut in the Christmas bonus paid to civil servants, equivalent to a seven-percent reduction in annual pay.
“It’s intolerable. The problems of the Spanish state don’t stem from civil servants… It’s unfair and shameful,” said nurse Miguel Contreras, 28, who came to protest in the capital Monday from the central Castilla-La Mancha region.
“There are hospitals with whole floors that are not being used because they are firing and cutting jobs. We have little hope, but staying sat at home would just make it easier for the government to keep on doing what it wants.”
Thousands of people protested on the streets of Madrid on Friday after the government approved the measures, and again on Sunday evening, when they marched to the parliament where access was blocked by riot police.
Introduced by a conservative government under pressure from the European Union to stabilise Spain’s public finances, the latest measures also raised value-added sales tax, with the upper limit rising from 18 to 21 percent.
“These measures will ruin Spain. We don’t consume, we don’t shop anymore. We have to hit the streets, we can’t just sit there,” said regional government worker Angeles Carrasco, 57.
Spain’s two main unions, UGT and CCOO, have called for a day of demonstrations on Thursday.
CCOO leader Ignacio Fernandez Toxo said on Monday that a general strike later was “inevitable” if the government maintained the austerity plan. This year has already seen one general strike, in March.
Unions have called for the protests to be peaceful but clashes broke out on the fringes of some demonstrations in Madrid last week, including a major march by striking coal miners on Wednesday.
Small groups of protestors threw stones and police fired rubber bullets, beat some protestors with batons and made several arrests.
Spain will this month become the fourth eurozone country, after Greece, Ireland and Portugal, to get bailout funds when it receives the first tranche of a 100-billion-euro kitty for its banking sector.
The bailout has annoyed ordinary Spaniards who feel their banks are being rewarded while they endure cuts.
The axing of the bonus for civil servants came on top of an earlier pay cut in 2010, after which their salaries were frozen.
“We can’t buy presents and food at Christmas,” said Maria Garcia, 50, an administrative worker for the regional government who attended Monday’s demonstration during her half-hour morning coffee break.
“If the vacuum cleaner breaks, you have to clean with a broom.”
Workers at Mining Industry factory in Northern Greece vote for factory self-management
July 11, 2012
“You can’t? We can!” Workers at Mining Industry factory in Northern Greece vote for and prepare for self-management of their factory – victory to the workers!
Concerning the struggle at VIOMIHANIKI METALLEYTIKI (Mining Industry) in Thessaloniki
The administration of VIOMIHANIKI METALLEYTIKI, a subsidiary of Filkeram-Johnson, has abandoned the factory since May 2011, along with its workers. In response, the workers of the factory abstain from work (epishesi ergasias: the legal right of workers to abstain from work should their employer delay their payment) since September 2011. The Workers Union at Viomihaniki Metalleutiki has organised 40 workers all of which are, to date (one year after the closure of the factory) active, taking shifts at the factory to ensure that no equipment is removed by the administration or stolen. All the workers also participate in the General Assemblies.
The proposal of the Union in order to escape this dead end – as the Administration has stated the factory will not reopen, due to the lack of funds – is for the factory to go into workers control, a proposal voted by 98% of the workers at the General Assembly. More specifically they ask for the factory to be passed on to the workers and for all the members of the Administration and workers sitting in the administrative council to resign, with no claims from the future workers’ self-management of the factory.
SYRIZA and the way forward
June 25, 2012
The conservative New Democracy party will lead a new government in Greece after two stunning elections in which it barely defeated the Coalition of the Radical Left, or SYRIZA, a coalition of left-wing parties and organizations committed to tearing up the “Memorandum”—the former government’s commitment to drastic austerity measures that have plunged Greece into a depression and slashed working-class living standards.
SYRIZA skyrocketed from minor party status to win 16.7 percent of the vote in the May 6 election, and 26.9 percent on June 17—outpacing other left options, including the Communist Party and the smaller anti-capitalist coalition ANTARSYA. Frighteningly, the neo-Nazi Golden Dawn also did well in the polarized vote, and will have 18 seats in the new parliament.
The, a revolutionary socialist organization and one of the founding groups in SYRIZA in 2004, issued this statement about the results on June 17, and what comes next for the left in Greece. It follows:
1. The results of the election on June 17 were a continuation of the political earthquake of May 6, which radically altered the balance of political forces.
The showing for the left, expressed in the decisive support for SYRIZA among the working class and the popular classes—created panic among the local ruling class, and also among its international allies. At the same time, it created a wave of hope, excitement and solidarity for the resistance movement and the left, both at the European level and globally.
This achievement of the working class of May 6 and June 17 must be defended, and it must be completed.
2. The results of this election prove that the goal of overthrowing the pro-austerity forces and electing a left-wing government that would take on the task of stopping the attacks of the capitalists, the EU and the IMF in order to protect the interests of the working class was possible. SYRIZA, by throwing all its forces in the pursuit of that goal, in a determined way and with an honest attitude based on unity, succeeded in winning massive growth on a level that is unprecedented in all the years since the military junta that fell four decades ago.
United, we can win! We can succeed in bringing a radical change in Greece, and we can fuel the fire that is simmering in Europe.
Michael Sojourner Stowell How to start a revolution: Learn from Iceland! -
People’s Congress Interview—Iceland’s Revolution Leader Hordur Torfason -
”Protests and riots continued, eventually forcing the government to resign.” -
GLOBAL ELITES THROWN OUT OF ICELAND: Iceland Dismantles Corrupt Gov’t Then Arrests All Rothschild Bankers -
Iceland is the world’s most peaceful country -
10/01/10 - People protesting outside Icelandic parliament; members of parliament on the run from the angry crowd who were throwing eggs and trash at them; broken windows and people struggling with the police, disorder and rioting (Chris Hedges wasn’t there). -
Full chronology of the aftermath of the Icelandic economic collapse -
How to start a revolution: Learn from Iceland!
Among other developments, this constitution will call for the protection, like no other, of freedom of information and expression in the so-called Icelandic Modern Media Initiative, in a bill that aims to make the country a safe haven for investigative journalism and freedom of information, where sources, journalists and Internet providers that host news reporting are protected.
The people, for once, will decide the future of the country while bankers and politicians witness the transformation of a nation from the sidelines.
Click on the photo, to access the full site!
Please view in full screen mode, and use your pause control often to be able to read the text on the photos that scream past. MsMilkytheclown is more than a journalist you may want to try to “capture’ in some conceptual box. She is an artist. The music matters, as every moment of every life has a sound-track, regardless of if Apple sells it on iTunes.
This is Fukushima. This is what it is. This is what we are depending on not falling over or emptying out (spent fuel pool (SFP) in reactor #4) of water. When this goes… that is the end of life on earth. That’s the deal that is not in the news. This is why 45,000 Japanese went to visit the home of their Prime Minister last Friday June 22nd, and why over 100,000 are expected next Friday June 29th. The Japanese decided to follow the pattern of protest that Iceland pioneered, and they will keep showing up every Friday at noon, until all the Nuclear Plants are closed all over Japan, and the work to decommission all the plants all over Japan begins. They want the Prime Minister Noda to dissolve the government and quit now. The Japanese want to overthrow their government non-violently, with new elections, of new people, who are not sold out to the Banks, to Nuclear Power, and to the Rockefeller/Rothschild Corporations. This is total regime change. Iceland started it. Japan is next. I suspect Greece will follow soon, and then maybe Spain soon after.
The National Gathering of Occupy takes place in Philadelphia starting next Thursday or Friday. We all hope you can make it.
Here are MsMilkytheclown’s post notes:
Radiation Fallout In Milk Drinking Water ABOVE EPA LEVELS In 13 U.S. Cities.
New World Order Agenda 21
*Note: Single radiation dose of 2,000 millisieverts (200,000 millirems) and above causes serious illness. See also exposure list below.
Half-life of some radioactive elements
[NOTE: Half-life is the time taken for a radioactive substance to decay by half.] * Cesium-134 ~ 2 years * Cesium-137 ~ 30 years * Iodine-131 ~ 8 days * Plutonium-239 ~ 24,200 years * Ruthenium-103 ~ 39 days [Ruthenium is a fission product of uranium-235.] * Ruthenium-106 ~ 374 days * Strontium-90 ~ 28.85 years [Strontium-90 is a product of nuclear fission and is found in large amounts in spent nuclear fuel and in radioactive waste from nuclear reactors.] * Uranium-234 ~ 246,000 years * Uranium-235 ~ 703.8 million years * Uranium-238 ~ 4.468 billion years
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The Battle of Chernobyl is a 1.5 hour documentary that is a “must see” in my opinion…
Uploaded by MsMilkytheclown on Apr 9, 2011
John Mulkins and Kelly Gerling, from the People’s Congress, interview Hordur Torfason, leader of the Iceland political revolution on June 3rd, 2012. In this interview Hordur describes the process of the people of Iceland responding peacefully to the economic crisis of 2008.
In this interview, Hordur details many of the Icelandic revolution begun in 2008, which continues to this day on June 3rd 2012. He also responds to questions from John Mulkins and Kelly Gerling.