PIF announces pricing of $1.25 billion international sukuk offering    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    Donald Trump looms large over Australia's election    Trump ousts Waltz as national security adviser, nominates him for UN post    Saudi economy posts 2.7% growth in 1Q 2025    Saudi Arabia to rehabilitate six hospitals in Sudan    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    Over 650,000 visit Saudi Arabia's 'Jusoor' exhibition in Jakarta in just six days    Makkah Mayoralty approves 3,149 Hajj housing permits for over 1.8 million pilgrims    King Charles sends heartfelt message to fellow cancer patients    FlyAkeed unveils AkeedAI at ATM Dubai — redefining the future of corporate travel with agentic intelligence    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    HR Ministry approves regulations for job ads and interviews in private sector    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Spain youth protests grow, gov't rethinks ban
Published in Saudi Press Agency on 20 - 05 - 2011

Spanish youth vowed on Friday to continue demonstrating against unemployment and mainstream politics, and the government thought twice about enforcing a ban on election weekend protests that could provoke clashes, according to Reuters.
Dubbed "los indignados" (the indignant), tens of thousands demonstrating against unemployment and deep austerity measures have filled the main squares of Spain's cities for five days, marking a shift after years of patience with an economic slump.
The electoral board ruled on Thursday that protests would be illegal on Saturday, the eve of elections when Spaniards will choose 8,116 city councils and 13 out of 17 regional governments.
But Prime Minister Jose Luis Rodriguez Zapatero, who has failed to contain the highest unemployment in the European Union, at 21.3 percent, said he may not enforce the ban.
"I have a great respect for the people protesting, which they are doing in a peaceful manner, and I understand it is driven by economic crisis and young people's hopes for employment," Zapatero said during a radio interview.
He said the Justice Ministry was reviewing the electoral board's ruling to determine whether it should stand.
PROTESTERS WILL STAY
Some protesters in Puerta del Sol, the central Madrid plaza that has been ground zero for the movement, said they would respect election rules in Spain that forbid active campaigning on the eve of voting, but that they would remain in the square.
Analysts said police action against the protesters would be a disaster for the Socialists.
The protesters have called on Spaniards not to vote for the two main parties, the Socialists or the centre-right opposition Popular Party. Leaders of both parties have said they sympathize with the protesters and blame the problems on the other party.
"We won't protest but we'll continue camped out here. We've been here since the beginning and we represent a group of assemblies that want change," said Hernan, a protest leader who declined to give his full name because he said he represented the collective.
Spain has struggled to emerge from a recession, and the collapse of the construction sector and a slump in consumer spending have hit the young particularly hard, with 45 percent of 18- to 25-year-olds unemployed.
"They can't kick us out. The politicians won't allow it, it'll make them look bad right before the voting," said 32-year-old Virginia Braojos, a logistics technician who has come with three friends to the protests every night this week.
NOT A GAME CHANGER
The protests have had huge media attention, but will not change the outcome of Sunday's elections, when the ruling Socialist party is expected to suffer heavy losses over its handling of the economic crisis, said the head of one of Spain's most prestigious polling companies.
Jose Juan Toharia, president of Metroscopia pollsters, told Reuters the Socialists will lose some urban voters, who will turn to smaller parties, only accentuating the victory for the Popular Party in some regions and cities that have been under the Socialists for decades.
"There will be an authentic cataclysm for the Socialists, who are going to head into general elections next year without a single stronghold," Toharia said.
The next general election is due in March, though some analysts say a Socialist rout could lead to an early election.
STICKING TO DEFICIT COMMITMENT
Zapatero, who slashed government spending this year, promised there would not be a new round of spending cuts following the elections, but stressed Spain's obligation to international markets to stick to its plan to cut the deficit.
"I can guarantee there will be no more spending cuts after the May 22 elections (but) we are committed to the budget target. I insist we will meet this obligation because, if we don't, markets and investors won't finance us, and that would make things worse."
Spain has been under intense market scrutiny since Greece, Ireland and Portugal were forced to accept EU/IMF bailouts. It is widely accepted that a bailout for Spain, the euro zone's fourth largest economy, would stretch the European Union's resources and political will to breaking point.
The protest movement has captured the mood of many Spaniards who have been out of work for months and face a bleak future as the economy is not yet growing robustly enough to create jobs.
While most protesters are young, organizing themselves through Twitter and social media, middle-aged and older people joined the crowds on Friday, frustrated with stagnation.
"My wife, my mother-in-law, myself, all out of work and living off one pension. Do you think that's normal?" said Viorel Sanchez, 54,


Clic here to read the story from its source.