Europe’s austerity anger grows

Friday, October 1, 2010
By Paul Martin

More than 100,000 marchers converged on Brussels from across the EU to protest austerity measures on Wednesday, while Spanish unions took the extraordinary step of breaking ranks with Spain’s socialist government by launching a general strike.

By Ambrose Evans-Pritchard
Telegraph.co.uk

“Workers are on the streets today with a clear message to Europe’s leaders,” said John Monks, head of the European Trade Union Confederation. “There is a great danger that workers are going to pay the price for the reckless speculation that took place in financial markets. You have to reschedule these debts so that they are not a huge burden and cause Europe to plunge down into recession,” he said, reflecting growing bitterness among ordinary people that they are bearing the brunt of austerity while bondholders have been shielded from losses.

Spain’s car industry was entirely paralysed with the exception of the Mercedes plant in Vitoria, and transport stoppages caused severe disruption. Ignacio Fernandez Toxo, head of the country’s CCOO trade union, said premier Jose Luis Zapatero was committing “political suicide” by carrying out harsh cuts while unemployment hovers at 20pc, or 41pc for youths.

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