Sunday, September 30, 2012

Anti-austerity rallies hit Spain and Portugal

According to the article posted on Al Jazeera, thousands of protesters in Spain and Portugal rallied in the capital cites opposing the proposed austerity measures that would cut the public debt and the deficit. Secondly, the article mentions that the  reason why many people, especially in Spain are opposed to the austerity measures is because they are still in a recession and unemployment in close to 25%.  

Furthermore, The  budget approved by Prime Minister Marian Rajoy is in protest because the plan calls for pay cuts and a rise in sales tax. Furthermore, in Portugal, where it already had a $78 billion  bailout from the EU, is facing backlash for the governments plan for spending cuts and raising taxes. Lastly, in my view country's like Spain, Portgual, Greece and Italy should be aware of what will happen if they do not pass austerity measures, raising taxes and cutting benefits is never the most popular, and is immensely difficult to do when these countries have high unemployment, but if they do not do it now then the chances of the country being financially secure in the future is less likely, and protests are only going to continue. 

http://www.aljazeera.com/news/europe/2012/09/2012929231237412237.html

Sarah Cline
Intro International Affairs
Dr. Muck

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