News / Europe

Spanish Workers Protest Austerity Measures

Demonstrators protest in Madrid, Spain, July 16, 2012Demonstrators protest in Madrid, Spain, July 16, 2012
x
Demonstrators protest in Madrid, Spain, July 16, 2012
Demonstrators protest in Madrid, Spain, July 16, 2012
VOA News
Spanish workers protested in the streets against government plans to impose new austerity measures that will cut their wages.

Thousands of people poured into the streets of Madrid Sunday night in a spontaneous protest sparked by calls on Internet social networking sites. A smaller group of firefighters, police and other government workers marched again on Monday against the $80 billion plan unveiled last week by Spanish Prime Minister Mariano Rajoy.

The workers stand to lose one of their 14 annual paychecks, one that is usually paid just before the Christmas holiday in December. Demonstrators chanted, "Hands up, it's a hold-up."

One firefighter said the austerity measures would unfairly hit the one-quarter of the Spanish workforce that is unemployed, as well as civil servants. "We are here to protect our rights and because we consider the type of cuts made are totally unfair at a national level in the way they affect the unemployed, the handicapped and us," the firefighter said.

Meanwhile, the International Monetary Fund said it is projecting that Spain's recession will continue into next year. Three months ago, the IMF predicted that the Spanish economy would expand slightly in 2013, but now says it will contract 1.5 percent this year and another six-tenths of one percent next year.

Spain is seeking up to $123 billion to rescue its ailing banks. In a policy switch, the European Central Bank has told the continent's finance ministers that major investors in the banks' bonds should bear some of the losses the banks have incurred on loans that have not been repaid. As it stands now, stockholders in the banks and those with smaller bond holdings will bear the brunt of the financial losses.

Some information for this report provided by AP, AFP and Reuters.

You May Like

India PM Modi's party distances itself from religious conversions

BJP under fire for being slow to rein in hardline affiliate groups allegedly trying to promote a Hindu-dominant agenda by luring Muslims and Christians to convert to Hinduism More

Anti-Whaling Group Found in Contempt of Court

Radical environmentalists who threw acid and smoke bombs at Japanese whalers in the waters off Antarctica continue their campaign to disrupt Japan's annual whale hunt More

UN's Ban Urges End to Discrimination Against Ebola Workers

Ban was speaking in Guinea on the second day of a whistle-stop tour aimed at thanking healthcare workers of the countries at the heart of the epidemic More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Sudan School Becomes Target of Aerial Attacksi
X
December 19, 2014 12:45 AM
The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Putin Says Russian Economy Will Emerge Stronger

Russian President Vladimir Putin has said his country's sinking economy will not only recover but also become stronger, despite falling oil prices and Western sanctions over Ukraine. VOA's Daniel Schearf reports.
Video

Video Detained Turkish Journalists Follow Teachings of US-Based Preacher

The Turkish government’s jailing of critical journalists has sparked international condemnation and is being seen as an effort to undermine the followers of an ailing Turkish preacher based in the United States. VOA religion reporter Jerome Socolovsky has more.
Video

Video ‘Anti-Islamization’ Marches Increase Tensions In Germany

Anti-immigrant rallies in Germany have been building in recent weeks, peaking Monday night in the city of Dresden where tens of thousands of people turned out to demonstrate against what they call the ‘Islamization’ of the West. Germany has offered asylum to more Syrian refugees than any other country, and this appears to have set off the protests. Henry Ridgwell reports from London.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.
Video

Video Refugees Living in Kenya Long for Peace in the Home Countries

Kenya is host to numerous refugees seeking safe haven from conflict. Immigrants from Somalia face challenges in their new lives in Kenya. Ahead of International Migrants Day (December 18) Lenny Ruvaga has more for VOA News from the Kenyan capital.

All About America

AppleAndroid