Spain commemorates Occupy protests

2013-05-13 08:06
Demonstrators hold banners that read: "There are no rights - Thieves" and "Where is our Money, Tricksters", and march in Madrid. (AP)

Demonstrators hold banners that read: "There are no rights - Thieves" and "Where is our Money, Tricksters", and march in Madrid. (AP)

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Madrid - Thousands of people are demonstrating in 12 Spanish cities to commemorate the second anniversary of the Occupy protest movement, which began with an impromptu sit-in at Madrid's central Puerta del Sol square.

Sunday's protesters in the capital expressed frustration that Spain's financial crisis has not eased, despite severe government austerity measures that have cut deeply into the country's cherished welfare state.

Nurse Pedro Gomez, aged 55, said his son has two university degrees but still faces "an uncertain future" in Spain.

Spain has been in recession for most of the past four years and has a record 27.2% unemployment rate. The percentage is twice that high for Spaniards under 25.

Many well-qualified citizens are emigrating in search of jobs.

Read more on:    spain  |  europe debt crisis  |  economy

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