The Watchdog

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JANE BURGERMEISTER REPORT: ‘Spain’s austerity measures trigger election upheaval’

Spain’s austerity measures trigger election upheaval

Spain’s Socialist party suffered a historical defeat the polls as voters reject the austerity measures for the benefit of the bankers. Let’s hope they have more luck than the Irish, who voted out one set of banker puppets only to get the next set cheerfully breaking every election promise and carrying on with the looting.

UPDATE 1-Spanish Socialists suffer big defeat in local pollsMon May 23, 2011 5:09am EDT, Reuters

* Socialists score worst municipal results since Franco

* PM Zapatero vows to hang on until March 2012

* Centre-right Popular Party takes 10 point lead nationwide

By Judy Macinnes and Fiona Ortiz, Reuters.

MADRID, May 23 (Reuters) – Spain’s ruling Socialists reeled on Monday from stinging losses in local elections and now have to balance voter anger over high unemployment and investor demands for austerity measures.

A week of protests by Spaniards fed up with the stagnant economy and the EU’s highest jobless rate preceded Sunday’s elections, which left the Socialists out of power in most of the country’s cities and almost all of its 17 autonomous regions.

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May 24, 2011 - Posted by | Internationally significant information, Jane Burgermeister Report

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