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FBN’s Ashley Webster on protests over Spain’s austerity measures to resolve the country’s debt crisis.
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For violations Spain's finance minister let's get across the pond here says that his country.
Does not need a bail out what does that the fourth time he said that and they keep mailing a bailout they do their banks are getting bailed out constantly for billions and billions of dollars.
Anti austerity protesters are taking to the streets of Madrid and they don't like -- an all Ashley Webster in the middle of the action -- what's it been like there.
Let me and interestingly -- as you say you with some skepticism about what the Spanish politicians are saying it's the same here on the streets nobody here believes.
Anything that the current prime minister says -- previous administrations.
And as we know he said knows Spanish banks don't need a bail out any completely out turned around and allows couple weeks as you know and yes the Spanish banks now can tap into some of 102 billion euros.
But out on the street tonight a major protests here in Madrid.
And across the country the two major unions getting their membership.
Out on the streets are unhappy about these austerity measures the government knowing that the -- are rising of them starting to make -- changes to education to.
Health care.
And yes to some very restrictive labour laws really quite remarkable some of the labor laws.
That the businesses have to live -- here -- -- -- change and they'll make it easier for businesses to hire and fire and that will be those really expensive benefits packages.
That have really added to the depths of this country the bottom line it's like housing market and housing bubble that -- that created over this.
Unemployment around 25% of the people here.
Simply blame the banks and those central banks saying that the ECB and everyone else has -- so much cheap money and that -- created this housing bubble and we know about that nobody -- back in the united.
Well yeah we do but you know what they have their problems three hours CS does nanny state right and left cradle to grave benefits come -- can't blame us for all of -- actually thank you very much.
-- actually right in the thick of that there when we.
