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Spanish anti-austerity protesters accuse E.U. of servility to markets

A protester holds a placard depicting Spanish PM Mariano Rajoy calling him a serial swindler during a March 16 march. Image via AFP.

Thousands of protesters marched Saturday in Madrid and other cities in Spain against European Union leaders’ handling of the financial crisis, condemning “an EU that belongs to the markets”. The marches, organised by Spain’s “indignados” protest movement, came after Cyprus announced it would dip into its citizens’ bank accounts to…

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EU vows to keep Greece in the fold but plans for exit

EU leaders May 2012 via AFP

European Union leaders pledged support for Greece on Thursday, vowing to keep the debt-wracked country in the eurozone as officials prepared behind the scenes for a possible doomsday scenario of exit. After a growth-oriented EU summit dominated by fears of a “Grexit” that went into the early hours of the…

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China will expand investment in Europe: Wen

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Premier Wen Jiabao said on Wednesday China will continue to expand its investment in the eurozone and called on Western countries facing a crippling debt crisis to “put their houses in order”. As Europe’s struggling economies look to cash-rich China as a possible rescuer, Wen also urged EU leaders to…

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