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16 June 2011

“True Democracy Now” gathers more than a half a million across Europe

Rallies of the “indignados” - the indignant ones” - were held on Sunday in about 60 cities and gathered more than half million people to protest on high unemployment, austere economic prospects and the handling of the financial crisis in their country, by politicians they perceive as incompetent and hopeless.

The wave of demonstrations that began on May 15 was first and foremost focused on Spain's high unemployment rate and on the government's economic austerity measures. Spain currently suffers from 21 percent unemployment, with more than 40 percent unemployment among those less than 25 years old.

In Paris seven hundred people stand up and marched against pension reforms and public sector. Also in Berlin, Brussels and Lisbon protesters came out in solidarity with their Greek and Spanish neighbours.

If it is a fact that the “indignados movement” progressively became international and protests and camping spots multiplied in several different cities, Sunday protests showed an even wider indignant feeling with a definitely anti-Brussels character, with people anger directed at measures backed by the European Commission and the northern members of the euro-zone.

In Greece, Portugal, Ireland and Spain, controversial austerity measures have been already implemented to fulfill the euro stability pact requirements, an agreement between euro-zone politicians seen as to stimulate competitiveness and to avoid the deepen of the debt crisis, but that has revealed to be ineffective despite all the efforts demanded to the populations trough the frozen of pensions, the increase of retirement age and easier legislation for companies to lay people off.

Also during the weekend, eurozone governments failed to agree the release of a €12bn bail-out payment for Greece has fed into the uncertainty surrounding the bloc’s fiscal crisis and the details of the new rescue deal. The final decision was postponed until early July. This means the money will only be granted if the Greek parliament agrees over a new round of deeply unpopular austerity cutbacks.

In Athens, tens of thousands of protestors have been gathering for weeks, showing their anger at Greece's politicians and the imposed spending cuts and tax rises. Even though Papandreou has appointed a new finance minister last week, Evangelos Venizelos, European ministers are not convinced in reaching agreement on the debt crisis, and people, on the other side, are not positive at all about better times to come.