Guardian UK: The Spanish public won't accept a financial coup d'etat

[marmar]

The Spanish public won't accept a financial coup d'etat
Spain's government is right to fear the public reaction to this new round of suffering mandated by the financial markets

Katharine Ainger
guardian.co.uk, Tuesday 25 September 2012


The attempt by the Spanish "Occupy" movement, the indignados, to surround the Congress in Madrid has been compared by the secretary general of the ruling rightwing People's party (PP) to an attempted coup.

Spanish democracy may indeed be in peril, but the danger is not in the streets. According to the Financial Times, the EU has been in secret talks with the economy minister Luis de Guindos to implement further austerity measures in advance of Spain requesting a full bailout. On Thursday the government will announce structural reforms and additional spending reductions, on top of the already huge cutbacks in health and education.

Pre-empting the bailout conditions means the government is able to retain the illusion of sovereignty.

In reality, Spain is on the brink of insolvency and under huge pressure to accept a rescue package. In return, the eurozone's fourth largest economy will have to surrender sovereign and financial control to the IMF, the European commission, and the European Central Bank. .......................(more)

The complete piece is at: http://www.guardian.co.uk/commentisfree/2012/sep/25/spain-public-financial-coup

[xchrom]

1. Du rec. Nt

[tama]

2. Correct

What happened in Greece and Italy was coup of EC, IMF etc. replacing elected governments with neoliberal bureaucrats. What happened with Lissabon Treaty was a coup.

[kenny blankenship]

3. They will have to do a lot more than march

hold signs and chant slogans if they don't want to accept the EuroCoup and their perpetual debt-serf status. A lot more than demonstrating and pointless voting is required. For Spain, Greece Italy Portugal and other countries of the periphery, the German led Fascist takeover is an accomplished fact, and will take sustained open revolt to undo.

[Demeter]

4. Nor will any population

The 1% are asking for it, and they WILL get it, in the neck, in spades, and in a much shorter time than anyone would think possible. There will be no place to run, and no place to hide.

They will get to know how Gaddafi and Saddam Hussein felt.