Monday, February 9, 2015

Anti-austerity forces grow in Italy after Greece vote

‘After the left-wing Syriza party notched an impressive victory in Greece’s recent parliamentary elections, a gust of energy has swept across debt-laden southern Europe, which has borne the brunt of the eurozone’s fiscal crisis.

In southern Europe, popular opposition has been growing against the fiscal austerity measures demanded by Germany, the economic anchor of the eurozone. In Spain, tens of thousands of people protested against welfare cuts on January 31, in rallies led by left-wing movement Podemos – which in just months has rocketed from obscurity to lead the opinion polls for Spain’s elections this year.

Meanwhile, in Italy – which, like Greece, suffers from a stagnant economy, high debt, and an astronomical youth unemployment rate – Syriza’s victory was met with supportive but tempered statements from centre-left Prime Minister Matteo Renzi.’

Read more: Anti-austerity forces grow in Italy after Greece vote