crisis

Spain's Robin Hood Mayor and Landless Peasants Battle Bankers

Submitted by Rain on Wed, 09/05/2012 - 05:08

Published on Sep 3, 2012 by

In Southern Spain, Juan Manuel Sánchez Gordillo, mayor of the small town of Marinaleda, is helping organize a growing protest movement against the austerity measures imposed by the Spanish government. Sánchez Gordillo and the landless peasants that follow him are at the forefront of demonstrations seeking a radical change in the country's economic policies in response to the country's worsening crisis.

Source: YouTube.com

Euro-Contagion: Germany outlook 'negative' over nonstop debt debacle of others

Submitted by Rain on Tue, 07/24/2012 - 18:33

Published on Jul 24, 2012 by

Rating agency Moody's has set itself on a collision course with German Chancellor Angela Merkel - after changing the country's credit outlook to negative. The agency even hinted at possible downgrades - if the Eurozone gets worse. But Merkel immediately fired back that Germany would remain Europe's financial haven, despite the Eurocrisis.

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