Saturday Nov 10, 201202:02 PM GMT
Spaniards protest financial terrorism
Thousands of anti-bank protesters hold a banner as they march through the Spanish Basque town of Barakaldo November 9, 2012.
Thousands of anti-bank protesters hold a banner as they march through the Spanish Basque town of Barakaldo November 9, 2012.
Sat Nov 10, 2012 2:3PM
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Thousands have taken to the streets in Spain to show their outrage at the death of 53-year-old Amaia Egana who jumped to her death after facing eviction from her Bilbao home.


Protests took place in number of cities including the capital Madrid as well as Barakaldo, a suburb of Bilbao in the Basque region, with demonstrators chanting slogans such as ''No eviction unanswered… We must stop financial terrorism.”

Protesters called on the government to immediately put an end to foreclosures across recession-hit Spain and blamed tough austerity measures for the suicides in the country.

Spain’s economy collapsed into recession in the second half of 2008, leaving more than 400,000 families homeless.

On October 26, new figures released by Spain’s National Statistics Institute showed that the country’s unemployment rate climbed to 25.02 percent in the third quarter of 2012, up from the previous 24.63 percent.

Protests have also been growing against the Spanish government’s austerity measures and labor reforms, which are hitting the middle and working classes the hardest, amid the deepening economic crisis.

The Spanish government remains adamant that austerity measures are needed to carry it through the crisis.

MAM/HGH
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