Quantcast
Connect with us

European Parliament head fears ‘social explosion’

Published

on

European Parliament president Martin Schulz warned on Saturday that Spain’s economic crisis could spark a “social explosion” across the continent.

“The demonstrations in Spain show that a social explosion is looming because of the high unemployment rate among young people in Europe,” Schulz told the wide-circulation German daily Bild in an interview published on Saturday.

ADVERTISEMENT

He called for the rapid implementation of “new European programmes to finally create more jobs for this generation.”

The Social Democrat said however that Spain was better placed than Greece to weather the crisis, since it “has a solid industrial base and a well-organised public administration.”

The Spanish government said on Friday that the recession will drag on through 2013 and raised its unemployment forecast for this year to 24.6 percent at a time when the country is facing panic on the markets and unprecedented social discontent.

Hundreds of thousands of Spaniards took to the streets on Thursday to vent frustation over a government that seems to have no more room for manoeuvre to turn the economy around.

Spain’s massive bank bailout, which could reach 100 billion euros ($120 billion) and was formally approved Friday by the eurozone, did not seem to calm the markets over the country’s financial outlook.

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

China reports 323 new cases of mysterious virus — as death toll rises to 54

Published

on

The number of confirmed deaths from a viral outbreak in China has risen to 54, with authorities in hard-hit Hubei province on Sunday reporting 13 more fatalities and 323 new cases.

The latest numbers from Hubei, the epicentre of the contagion, would put the nationwide total of confirmed infections at 1,610, based on figures previously released by the central government.

President Xi Jinping warned Saturday that China faced a "grave situation" as authorities raced to contain a respiratory illness that has caused the widespread abandonment of Lunar New Year celebrations nationwide and overwhelmed health facilities in Hubei.

Continue Reading

Breaking Banner

California offers to reimburse Trump for abortions — but he has to free the women from non-disclosure agreements

Published

on

The state of California is offering to reimburse President Donald Trump for any abortions he's paid for in the state, but there's a catch.

On Friday, the Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services (HHS) issued a "notice of violation" against the state for mandating universal abortion coverage in health insurance plans sold in the state, which the administration claims is "unlawful discrimination."

“Once again, President Trump’s administration is delivering on his promise to protect human life and all Americans’ freedom of conscience,” HHS Secretary Alex Azar said in a statement.

Continue Reading
 

2020 Election

Elizabeth Warren wins coveted Iowa caucuses endorsement from the Des Moines Register newspaper

Published

on

Sen. Elizabeth Warren (D-MA) received a coveted endorsement on Saturday evening when her 2020 bid was endorsed by the Des Moines Register newspaper.

"Who would make the best president at this point in the country’s history? At a time when the economic deck has become so stacked against working Americans that the gap between rich and poor is the highest in more than 50 years? At a time when a generation of war has stressed military families and sapped the treasury?" the newspaper asked. "The Des Moines Register editorial board endorses Elizabeth Warren in the 2020 Iowa Democratic caucuses as the best leader for these times."

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image