Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
Massive anti-austerity protests in Spain, Portugal
Last Updated : 16 Sep 2012 08:19:41 AM IST
spain
Massive anti-austerity protests in Spain, Portugal

 

More than 100,000 people took to the streets of Lisbon and other Portuguese cities on Saturday to protest against fresh austerity measures recently announced by the centre-right government, which is trying to save the country from financial collapse.

 

Spain is stuck in a double-dip recession with unemployment close to 25 percent. The conservative government of the Spanish prime minister, Mariano Rajoy, has introduced sharp cuts and raised taxes in a move to reduce the deficit and to reassure investors and officials from the 17-nation euro zone.

 

With banners reading "Stop social terrorism" and "Soon the State will steal from the dead," the protesters were up in arms over the latest austerity measures announced a week ago by the government, as it struggles to meet its economic targets.
 

Organisers estimated that 50,000 people turned out for the Lisbon protest yesterday, with a similar number in the second-largest city of Porto and several thousands in around 30 other cities. The country's police generally refuse to release numbers.
   

In the capital, protesters clashed with police in front of  the parliament, but no one was injured. University students and artists called for the protests on Facebook, but they were also backed by far-left parties and Portugal's biggest union CGTP, which has also called for a large rally at the end of the month.

 

"This government will kill Portugal, and if we don't do anything, it will be worse," said Ivan Rodriguez, a protester in his thirties in Lisbon, where others banged on drums and clapped their hands to make as much noise as possible.

I'm fighting to preserve my job and those of others," he added.Another slogan, "Let the troika go to the devil," made reference to the country's international creditors -- the so-called troika of the European Union, the International Monetary Fund and the European Central Bank.

 The global economic institutions are monitoring Portugal's implementation of spending cuts and reforms required in return for the USD 102 billion rescue package the country received in 2011.

 

These cuts and reforms caused the economy to contract by 1.2 per cent in the second quarter, faster than the 0.1 per cent rate at the beginning of the year, with the drop for the whole year expected to hit 3.0 per cent.

In response, Portuguese Prime Minister Pedro Passos Coelho announced a rise in social security contributions for public and private sector workers together with cuts in employers' contributions in a bid to kickstart job creation,with unemployment running at more than 15 per cent.

 But since the announcement, Passos Coelho has met with a barrage of criticism from the opposition and even from several
of his political allies.

 On Tuesday, Portugal won a reprieve from its creditors,when the EU and IMF agreed to relax Portugal's deficit targets
for 2012 and 2013, rewarding the Portuguese for pushing through reforms.


Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

super luxury car maker Rolls-Royce is gearing up to tap the country's Billionaires with ne

Coming-of-age drama 'Boyhood' won three of the biggest awards at the BAFTA 2015 but it was

Sunny Leone is seen scorching the screen in the first look of Leela with her bold acts.

Samsung unveiled the Galaxy S6 and Galaxy S6 Edge at Mobile World Congress in Barcelona, S

Reality TV star Kim Kardashian reportedly wants Beyonce to buy a house in her gated commun

Automaker Renault India today said it will roll-out a multi-purpose vehicle 'Lodgy' and a

Pharma tycoon Dilip Shanghvi surpassed Mukesh Ambani as the world's richest Indian with a

When Holi is round the corner, can anyone forget all-time hit Bollywood songs?

In an interim order, the Bombay High Court has restrained the city police from arresting o

Good news for the fans’ of Salman Khan and Deepika Padukone.

Reality TV star Kim Kardashian has posed nude for the upcoming 10th season of 'Keeping Up

Bollywood superstar Akshay Kumar and Actress cum Entrepreneur Shilpa Shetty Kundra have pa

Kashmir witnessed season's heaviest snowfall as the arterial Jammu-Srinagar National Highw

Mexican actress Stephanie Sigman has joined Monica Bellucci and Lea Seydoux as the new bon

Luxury carmaker Mercedes-Benz launched the all-new compact B-Class in both petrol and dies

Bollywood actor Poonam Pandey, gets relief as a local court in Bengaluru quashed a case pe

Automaker Renault India launched the new generation Duster priced at Rs 8.30 lakh (Delhi e

Now Bollywood A-list actors are competing to get nude on-screen.

The 2015 edition of the International Indian Film Academy Awards is set to enthrall Bollyw

India defeated Zimbabwe by six wickets chasing 288 runs target in World Cup Match.

Bollywood actors Priyanka Chopra, Anushka Sharma, Shefali Shah, Farhan Akhtar and Anil Ka

A Budgam resident, who managed to get hall ticket for his Brown Cow to write a professiona

Finding itself on the wrong side of Net Neutrality debate, Facebook today made its Interne


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.54