Spain goes to all costs to remain free of Greece's Sinking Ship
Spain's parliament has gone to long measures to keep the government and its investors from being forced to borrow money from the UN and the European Central bank to pay for the countries economic crisis. The European Central Bank, ECB has recently stated that they will buy an unlimited amount of any countries debt as long as they agree to the Eurozone Bailout. The Spanish national government has begun a series of austerity measures and cuts in spend, much like Greece to decrease its debt, and therefore keep it from needing EU help, a measure that they do not want to take because they believe it will drag them down like it has to Greece. Greece, much like Spain, has a plagued economy when they first began borrowing money in an attempt to heal themselves it did nothing. The economy of Greece sucked up the first loan without any sign of health. The loans continued to stack up, paying for the previous one, causing the economy to snowball into catastrophe, pounding a sickly economy into a dying mess. Spain believes that agreeing to the Eurozone Bailout of 500 billion dollars will begin such a process in Spain.
A recent measure in Spain has wrought a much bigger uprising against it than many of its predecessors. The Spanish Parliament recently authorized a 10 billion Euro cut in education funds, it also asked teachers to work longer hours and for schools to increase class sizes by 20%. The strikes have covered almost every university in the nation and have roped in between 20% (according to the government) and 80% (according to the unions) of teachers in Spain. They have also brought many students who believe that a cut to the school system is the wrong way to go. With unemployment among young people at over 50% what better way to spend their time that learning and preparing for a stronger generation. Many against these cuts have stated that although cuts on education may bring money now it will lead to weaker future generations who will not be able to keep the country above water. Spain must find other ways of collecting money that does not tax the welfare of the country.
Spain's parliament has gone to long measures to keep the government and its investors from being forced to borrow money from the UN and the European Central bank to pay for the countries economic crisis. The European Central Bank, ECB has recently stated that they will buy an unlimited amount of any countries debt as long as they agree to the Eurozone Bailout. The Spanish national government has begun a series of austerity measures and cuts in spend, much like Greece to decrease its debt, and therefore keep it from needing EU help, a measure that they do not want to take because they believe it will drag them down like it has to Greece. Greece, much like Spain, has a plagued economy when they first began borrowing money in an attempt to heal themselves it did nothing. The economy of Greece sucked up the first loan without any sign of health. The loans continued to stack up, paying for the previous one, causing the economy to snowball into catastrophe, pounding a sickly economy into a dying mess. Spain believes that agreeing to the Eurozone Bailout of 500 billion dollars will begin such a process in Spain.
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