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Several thousand anti-austerity protesters in Spain marched down a major street in the capital banging pots and pans Saturday.

MADRID — Several thousand anti-austerity protesters in Spain marched down a major street in the capital banging pots and pans Saturday.

Many protesters also blew whistles as they blocked part of the Castellana boulevard Saturday carrying placards saying “We don’t owe, we won’t pay.”


“None of us pushed the banks to lend huge sums of money to greedy property speculators, yet we are being asked to pay for other’s mistakes,” 34-year-old civil servant Maria Costa, who was banging an old pot along with her two children, said.

With unemployment nearing 25 percent, Spain has introduced biting austerity measures as well as financial and labor reforms in a desperate bid to lower its deficit and assuage investors’ misgivings.


Spain has been granted a €100 billion ($130 billion) loan by the 17-nation eurozone to help its banks worst hit by the collapse

http://www.washingtonpost.com/business/thousands-protest-in-downtow...


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