Monday, June 11, 2012

Spanish Protesters Hit Streets Over Bailout

Banks and euro backers are relieved about the $125 million Spanish bailout, but not everyone is so thrilled. A throng of protesters hit the streets in Madrid yesterday to protest billions going to prop up Spanish banks instead of helping people suffering because of the mad risks taken by financial institutions, notes CBS.

"Why should they rescue the banks when our children are starving?" asked one placard outside a Bankia branch in Madrid's Plaza de Celenque, reports the Telegraph. "This is not a rescue for Spain, it's a rescue for the rich. The poor will only get poorer and suffer even more in the months to come," said one resident.

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