Violent protests in Madrid and growing talk of secession in Catalonia are piling pressure on Spanish Prime Minister Mariano Rajoy as he moves closer to asking Europe for rescue money. In public, Rajoy has been resisting calls from bankers at home and the leaders of France and Italy to move quickly to request assistance, but behind the scenes he is putting together the pieces to meet the stringent conditions for aid.
With protesters stepping up anti-austerity demonstrations, Rajoy presents painful economic reforms and a tough 2013 budget on Thursday, aiming to persuade euro zone partners and investors that Spain is doing its deficit-cutting homework despite a recession and 25 percent unemployment.
Figures released on Tuesday suggested Spain will miss its public deficit target of 6.3 percent of gross domestic product this year, and on Wednesday the central bank said the economy continued to contract sharply in the third quarter. By pre-empting reforms demanded by Brussels — such as creating an independent fiscal auditor — Rajoy hopes to sell them to voters as home-grown rather than imposed from outside.
Diplomats reported intense last-minute pressure on Madrid on Wednesday from key euro zone policymakers to take tougher measures, notably on freezing pensions. On Friday, Moody’s will publish its latest review of Spain’s credit rating, possibly downgrading the country’s debt to junk status. On the same day, an independent audit of Spain’s banks will reveal how much money Madrid will need from a 100 billion euro ($130 billion) aid package that Europe has already approved for the banks.
Kansas City Jewish Community Center shooter: “I was an FBI Informant” 2014 04 24 Kansas City Jewish Community Center shooter: “I was an FBI Informant”
…… Which is EXACTLY how we called it when this story broke a few weeks back. We also mentioned that the SPLC, just discarded from the FBI “hate” website… Would be the prime benefactor.
Ex-KKK Leader Was Given a New Identity Years Before Shooting
Glenn Miller Claims He Was an FBI Informant
Meet AISight – The Artificial Intelligence Software Being Installed on CCTV Networks Globally 2014 04 24 If you thought that CCTV cameras tracking your every move in public was bad enough, you’re going to just love AISight (pronounced “eyesight” of course). The invention of a Houston, Texas based company called BRS Labs (which stands for Behavioral Recognition Systems) is headed by former secret service special agent John Frazzini, and this Orwellian surveillance platform brings artificial intelligence ...
Biofuel Made From Corn Waste Less ‘Green’ Than Gasoline 2014 04 24 Biofuel created from corn waste may not be the clean, eco-friendly oil alternative the United States government is hoping for. A new study has found that fuel generated from harvested corn leftovers creates more greenhouse gases than conventional gasoline — at least in the short term.
The fuel under study, called cellulosic ethanol, has been touted in recent years as a ...
Swedes open coffin of 850-year-old king 2014 04 24
Scientists pried open the 850-year-old casket of King Erik the Holy on Wednesday, hoping to find out more about the king, his crown, and his eating habits.
"This was a very special occasion, especially considering the importance of Saint Erik religiously in Sweden," Uppsala Cathedral Chaplain Lars Åstrand told The Local.
The casket contained the bones of King ...
John Kerry and the Pope set to face off with Jewish Knight Templars on the Temple Mount 2014 04 24
This is the week that supposedly spells the end of the peace process or its end. My money is on a continuation that has no real substance or direction.
What’s the alternative?
With Passover and Easter over, Secretary Kerry can return to the Middle East crisis. This, after dealing so successfully with crisis in the Ukraine. [Is the author joking? - RIC]