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Spain reaction: 'This is a rescue for the rich. The poor will only get poorer'
Mobs of angry citizens storming branches, banging saucepans and chanting slogans in noisy protests at the plan to rescue Spain's most stricken banking entity while the population suffers deep austerity measures and struggles against disappearing credit-lines. But as Spaniards woke up today to the news that the EU had given their banks a lifeline of up to €100bn there was optimism that, at last, something had been done to stop the rot. "Spain, finally, will be rescued," screamed the frontpage of Spain's leading daily newspaper El Pais. "Tragedy for the moment has been averted." Even as pundits struggled to explain ... (full story)
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- clockwork71
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