Spain protesters sounding like Iceland protesters

[sailingaway]

MADRID — Several thousand anti-austerity protesters in Spain marched down a major street in the capital banging pots and pans Saturday.

Many protesters also blew whistles as they blocked part of the Castellana boulevard Saturday carrying placards saying “We don’t owe, we won’t pay.”

“None of us pushed the banks to lend huge sums of money to greedy property speculators, yet we are being asked to pay for other’s mistakes,” 34-year-old civil servant Maria Costa, who was banging an old pot along with her two children, said.

With unemployment nearing 25 percent, Spain has introduced biting austerity measures as well as financial and labor reforms in a desperate bid to lower its deficit and assuage investors’ misgivings.


It doesn't so much sound like austerity as rejecting the debt from that.

http://www.washingtonpost.com/business/thousands-protest-in-downtown-madrid-to-protest-the-governments-austerity-measures/2012/10/13/41c3d912-1566-11e2-9a39-1f5a7f6fe945_story.html

[Mr. Perfidy]

in the 18th-20th centuries, the nation-creditor/war-profiteer bank cartels used war to threaten non-payment of loans; rival princes also indebted to banks were obliged to protect their benefactor's investment with military aggression. Do you think this would work for them in this century?

[sailingaway]

I don't know, but I understand a hedgefund just seized (?) an Argentinian navel vessel for non payment and I understand Greece has IMF on its legislature now, sort of debter in possession --

Somewhere sooner or later this sounds like war waiting to happen.