You Need To Be Watching What’s Developing In Spain Right Now

Friday, May 20, 2011
By Paul Martin

Gregory White
Business Insider
May 20, 2011

Protests have been raging in Spain since Sunday, May 15. The one we’ve been seeing pictures of is in Madrid, in the famous Puerta del Sol. But there were protests in 60 different locations on Sunday, and they’re still raging in different parts of the country.

The center of the movement is very much Puerta del Sol, where protesters are now camping out overnight just like they did in Tahrir Square in Egypt. The protesters claim they will stay in the square until after regional elections this Sunday, according to Der Spiegel. The protest movement has been declared illegal by the government, over fears it may influence the result of the elections. The traditional media is allegedly under-covering the story.

Protesters aren’t associated with any political party in particular and, instead, the movement is serving as a catch all for those upset over the current economic situation in Spain. The country has a 21% unemployment rate and a 43% youth unemployment rate. Its inflation rate is above the eurozone average and its growth remains low.

From the outside looking in, it resembles the situation in Egypt in many ways. Disaffected youth, enraged by a high unemployment rate, communicating over new forms of social media, subverting the traditional power structure in the country

The Rest…HERE

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