IMF Gets A Warm Welcome In Spain

Monday, March 3, 2014
By Paul Martin

by Tyler Durden

Despite near record low bond yields, a surging stock market and a leadership proclaiming victory, the people of Spain appear upset at the IMF’s appearance in their nation. Around 2,000 people protested in Bilbao today as the IMF (member of the infamous Troika) overturning cars and windows, graffiti-ing “IMF Out!” and held banners saying “Troika Go Home”, denouncing economic policies that welcome austerity measures and the introduction of cuts. While Christine Lagarde, who attended, lauds the progress (and demands more); perhaps it is the record unemployment, record suicides, record homelessness, and record loan delinquencies that tarnish the rose-colored glasses that ‘the powers that be’ would prefer the general public to see the world through.

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