The Pain Of No Gain Stays Mainly In Spain

Spain's Prime Minister Mariano Rajoy is slated to roll out more austerity measures designed to help the country meet its budget deficit goals as part of the rules recently agreed to in the european union. Unfortunately, Spains GDP is already contracting, and the country is grappling with a 23% unemployment rate so it is very difficult for the country to grow and pay down debt with even more austerity. So what are the citizens doing while looking at the economic hole and more tightening measures? And the answer is, you guessed it, evidently you hit the streets and riot. They don't want to adopt tough measures to help the country regain solvency. The Spain story sounds a lot like Greece not to long ago.