Photo: Madrid Protests
In the second day of protests tens of thousands of Spaniards took to the street to protest the country’s austerity program and want Spanish Prime Minister Mariano Rajoy to know ¡Basta! they have had enough of the budget cuts and cutbacks to social welfare benefits.
Rajoy is expected to meet with his financial ministers today to decide how to eliminate a $23.2 billion budget deficit and whether the country needs a European bailout. The decision comes as thousands in Madrid took to the street asking for the Prime Minister’s resignation and threatening to strike if more cuts are made. Since 2007 Spain has been in the midst of a prolonged and deep economic recession.
Yesterday’s anti-government protests near parliament had Spanish police beating back the growing crowds which lead to rioting and numerous arrests. Meanwhile the Catalonia region of Spain announced early elections for November 25 where they may include a ballot referendum to decide whether to break off from the rest of the country.
All of this adds more pressure on Rajoy and his government to act decisively and effectively to solve Spain’s financial woes.