Protesters make it to Madrid
Thousands of protesters, sometimes known as 15-M or more popularly known as the ‘indignant’ have marched across Spain in the past few weeks in six growing columns to arrive in Madrid’s Puerta del Sol main square for a rally on Sunday. They were joined by coach loads of protesters from more than 30 cities across Spain.
Along the way they have been supported by local people of whom around two thirds support the movement according to opinion polls.
The protests are about high unemployment (nearly half of those under 25 are unemployed), rising cost of living and banks who have cut credit lines leading to house prices falling dramatically. The marchers were able to force some changes prior to local elections in which the ruling Socialists were heavily defeated and politicians are now finding themselves having to listen to these ever stronger voices.
Meanwhile a survey conducted for the El País newspaper suggests that the business community has lost confidence in the government. Around 67% of those interviewed, which included half of those in the Ibex 35 (Spain’s main stock market index), want elections to be brought forward from next year. Of those interviewed 62% believe that the opposition Popular Party (PP) will win.