High 14 oC - Low 7 oC

Spaniards stomp their heels at bailed-out bankers

Spaniards stomp their heels at bailed

LONDON - A flamenco troupe bursts into a bank branch in Seville in southern Spain, lampooning bankers in dance and song. Further north, in Galicia, 50 men dressed in prison garb march into a bank shouting slogans against costly state bailouts for lenders.
In Barcelona and Madrid, a growing organisation of elderly protesters stage regular "occupations" of bank branches, wearing reflective vests and carrying signs decrying the bailouts. The deepening economic crisis has prompted creative protests among Spaniards frustrated at budget cuts in schools and hospitals. YouTube videos of the flamenco protests are all the rage and Spaniards circulate a growing flow of e-mail jokes and spoofs to try to alleviate grim expectations that they will be the next European country to need a full international rescue package. The most frequent protest target is Bankia, one of Spain's biggest banks, which was taken over by the state in May in the most costly bank bailout in Spanish history, estimated at some 23.5 billion euros.

Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Follow Us

To stay updated with latest news please follow us on


"dedicated to the legacy of the late Hameed Nizami"
Arif Nizami (Editor)
4-Shaarey Fatima Jinnah, Lahore
Ph: +92 42 36375963-5 Fax: 042-36298302
Ph: +92 51 2287273 Islamabad, Ph: +92 21 35381208-9 Karachi
Email: [email protected]
ADVERTISE  |  CAREERS  |  PRIVACY POLICY  |  CONTACT US

This material may not be published, broadcast, rewritten,
redistributed or derived from. Unless otherwise stated,
all content is copyrighted © 2011 Nawa Media.
Technical feedback? [email protected]