The European Union has Spain in the firing line as the economic crisis intensifies.
Spain’s budget deficit has reached 11.4 percent of gross domestic product. The governor of the country’s national bank has called for an “ambitious plan” to reduce the deficit.
But cuts would intensify the suffering of Spain’s poorest people. Four million people are unemployed already—20 percent of the workforce.
The Socialist Party government has criticised hedge funds and bankers for causing the crisis. But it wants to increase the retirement age from 65 to 67, hitting ordinary people.
Some 84 percent of people said in a recent poll that they were against the proposals.
And resistance has begun. Tens of thousands of people joined protests organised by the trade unions in Madrid, Barcelona, Valencia and Alicante on Tuesday of last week.