The European Union approved a second bailout for Greece in the wee hours of Feb. 21, signing off on a $170 billion rescue package—a day after thousands of protesters took to the streets to oppose austerity in both Greece [4] and Spain [5]. As Greek Prime Minister Lucas Papademos flew out to Brussels to try to clinch the deal, 3,500 marched in Athens, with another 1,200 reported from Thessaloniki. In Athens, hundreds of police trailed the marches—held a week after Parliament approved the austerity measures as rioters torched dozens of buildings in the city center. A new clash was reported at the Parliament biulding, with stone-throwing youth met with tear-gas canisters. In Spain, there were protests in more than 50 towns and cities. The largest were in Madrid and Barcelona, which both drew hundreds of thousands of marchers. (LAT [6], Feb. 20; AFP [7], Feb. 19)
See our last post on the crisis of capitalism [8]