Saturday, May 12, 2012

99-percenters protest economic woes in Europe

Demonstrators from the Occupy Movement have taken to the streets in several countries across Europe to protest against economic conditions on the Global Day of Action.
Hundreds of people took to the streets of London on Saturday, calling for an end to "predatory capitalism." In Germany, activists from the Occupy Movement assembled in front of the Frankfurt Stock Exchange to symbolically slaughter the sculpture of the stock market bull. Spaniards also gathered in 80 cities and towns on Saturday to condemn economic injustice. The unemployment rate in Spain is as high as 25 percentage, marking the highest rate among the 17 countries using the euro. The Spanish government has enacted deep spending cuts to reduce the national debt, but people blame those measures for deepening financial troubles of the families. Occupy organizers say several rallies are also planned in cities including Moscow, New York and Athens. The rallies are inspired by the Occupy Wall Street protests that began in the US last September. The 99-percenters are against corporate greed and demand social and economic justice. Occupy protesters have been repeating the slogan, "We are the 99 percent" to distinguish themselves from the one percent of Americans who are in possession of the nation's greatest wealth.

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