For three years now, Europe has been in the throes of the worst economic crisis since the end of the Second World War. Especially in the poorer countries of the EU, the crisis has struck with full force. In preparatory obedience, to make sure it would indeed fulfil all the expectations of international speculators, Spain brutally slashed its public budget. Pensions were reduced, workers rights struck down, public investments cut back and taxes raised. The result is a paralyzed country in which 40% of young people are now unemployed.

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