No easy way out in Spain
Spain is beset by a series of crises, which makes the task of merely enumerating them a challenging exercise. Financial analyst Nicholas Spiro tried last week, telling The New York Times, “Spain is the only country in the world that must contend with a banking, economic, sovereign debt, political and constitutional crisis all occurring simultaneously.” Off hand, it is hard to think of any other country able to match that.
But, of course, these five problems are interconnected, as the presence of thousands of disgruntled protesters around Madrid’s Congress building most evenings last week served to demonstrate. Taking up the messages of the 15-M protesters — who in the spring of 2011 (beginning on May 15, hence the name) sparked a wave of similar anti-capitalist demonstrations in many Western countries— the “indignant ones” outside parliament last week were not demanding jobs or handouts.… Seguir leyendo »