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Economic Crisis and ‘Social Explosion’

Saturday, 02 July 2011 06:27

‘As Greece recently passed further austerity measures – which effectively destroy the standard of living for the majority of people, in order to service and illegitimate debt to foreign banks – riots continued in Greece in protest to such measures. A large protest movement has recently erupted in Spain in the face of their economic crisis.

Tens of thousands protested Spain’s austerity measures, and no surprise, considering youth unemployment is more than 43% and the government is instead deciding to save foreign banks. A youth protest movement has also been developing in Portugal in response to the deep social and economic crisis being experienced there.’

Read more: Economic Crisis and ‘Social Explosion’

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