Monday, May 14, 2012

‘Indignants’ hold fresh rally in Spanish capital

Spaniards have once again staged a rally at the capital’s Puerta del Sol square to protest against the government’s harsh austerity measures.

The so-called Spanish "Indignados (Indignants)" held the demonstration in Madrid on Sunday after 18 people were arrested in the same area earlier in the morning.

The protesters, chanting, "We're not all here," are planning to stay at the square until May 15.

The development came a few hours after tens of thousands of protesters marked the first anniversary of the anti-austerity “Indignados” movement with mass protests throughout the country.

Spain has entered a deep recession for the second time since the global economic downturn in 2008, with unemployment now standing at almost 25 percent, which is the highest in the eurozone.

The Spanish government has planned to reduce its public deficit to 5.3 percent of gross domestic product in 2012 from 8.5 percent in 2011.

Madrid is adopting a fresh round of austerity measures, while experts fear that the country may soon require a Greece-style bailout.

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