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The government raided the state pension fund. And now what?
When the Rajoy administration took the reins of power at the end of 2011, at the height of Spain’s debt crisis, the country’s Social Security fund had a surplus of over €65 billion, the result of a gradual accumulation of funds since the end of the 1990s. That money was supposed to serve as a nationwide nest egg to help cover the growing needs of Spain’s burgeoning ranks of pensioners. Instead, it has been used by the government to fill some of its own massive fiscal gaps, with the result that now, five years later, the total surplus has shrunk by 75%, to €15 billion.
Things have gotten so bad that in October the Spanish government was forced to admit to the European Commission that by the end of next year the surplus will have become a deficit, of around €2.6 billion. In other words, a fund that took 16 years to build up will have been plundered dry in less than half that time, at an average rate of around €11 billion a year.
Around 400 migrants stormed the 20-foot high barrier between Morroco and the Spanish enclave of Ceuta early Friday morning leading to over a hundred injuries.
The rush of migrants trying to penetrate the Spanish territory is the highest in recent years. The Red Cross has reported that it has led to many of the migrants getting injured in the process including 25 hospitalisations and 103 suffering minor injuries, as well as two police officers being injured, reports El Faro de Ceuta.
According to reports the migrants stormed the border fence in several separate areas using tools and scissors to cut through the fence as others attempted to climb over the massive structure. Authorities say that most of the migrants were men from southern Africa and El Faro de Ceuta posted footage of the men who chanted “Spain!”
– Trump and Clinton are both Rothschild puppets.
Nov 20, 2016
H/t reader squodgy:
What will happen to all those with their noses in the trough?
Will we ever be able to dismantle the Parkinson’s Law of bureaucracy?
Will we get our lives back?
Will we be able to make decisions again for ourselves, based on logic & reason?
No effing chance, they’ll just replace it all with Martial Law…..in our interests!!”
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(Reuters) – About 220 African migrants forced their way through a barbed wire fence into Spain’s North African enclave of Ceuta on Monday, clashing with Spanish police who tried to prevent them from crossing the border with Morocco.
Thirty-two migrants were treated in hospital for minor injuries after pushing their way through two gates just before 0600 GMT, while three Spanish policemen also needed medical attention, the government said.
Several migrants collapsed from exhaustion after crossing into Spanish territory, Reuters photographs showed. Their legal status in Spain has yet to be determined, and police were searching for some who fled into hills inside the territory, it said.
Around 40 predominantly Algerian illegal migrants held a rowdy protest in Spain, smashing furniture before climbing onto the roof of their accommodation.
The migrants were seen screaming “freedom, freedom” from the rooftop in Madrid, where they spent 11 hours. Reports also emerged of security cameras covered up and a door being broken.
“We are trying to negotiate with them… We’ll see if they come down by themselves,” the national police spokesman in Madrid told AFP. “Police are in control of the situation,” he added.
(REUTERS) – About 70 sub-Saharan African migrants forced their way over a barbed wire barrier into Spain’s North African enclave of Melilla on Thursday.
They ran to a local immigration center where they were met by dozens of migrants cheering “victory, victory” although their legal status in Spain has yet to be determined.
— Reuters Top News (@Reuters) October 13, 2016
Migrants wait weeks and sometimes months at the short-stay immigrant center in the hope of being transferred to a refugee reception center in mainland Spain, said Government Delegation of Melilla spokesperson Irene Flores.
- The Islamic State document said that since the establishment of the Spanish Inquisition in 1478, Spain “has done everything to destroy the Koran.” It said that Spain tortured Muslims, including burning them alive. Therefore, according to the Islamic State, “Spain is a criminal state that usurps our land.” The document calls on jihadists to “reconnoiter airline and train routes for attacks.” It also calls on followers to “poison food and water” with insecticides.
- “We will kill any ‘innocent’ Spanish infidel we find in Muslim lands, and… whether we are European in origin or not, we will kill you in your cities and towns according to our plan.” — Islamic State document, May 30, 2016.
- “We will recover al-Andalus, Allah willing. Oh dear Andalus! You thought we forgot about you. I swear by Allah we have never forgotten you. No Muslim can forget Córdoba, Toledo or Xàtiva. There are many faithful and sincere Muslims who swear they will return to al-Andalus.” — Islamic State video, January 31, 2016.
- “Spain is the land of our forefathers and we are going to take it back with the power of Allah.” — Islamic State video, January 7, 2016.
Islamic militants are stepping up a propaganda war against Spain. In recent months, Islamic State and other jihadist groups have produced a flurry of videos and documents calling on Muslims to reconquer al-Andalus.
In the aftermath of last month’s Brexit vote, there was an outpouring of concern in Europe that the British decision would embolden similar separatist movements across the continent. Earlier Wednesday, this is precisely what happened when Catalan nationalists voted to approve a plan to secede from Spain, defying the nation’s Constitutional Court and challenging acting Prime Minister Mariano Rajoy, who is currently in political limbo as he struggles to form a government.
The decision was approved by 72 regional MPs out of 135. Ten MPs from the CSP group linked to Podemos, Partido Popular and Ciudadanos walked out of the assembly and the Socialists did not vote. A recent poll shows that 48% of the Catalan population currently supports independence compared with 43% against it.
Monsanto’s GM maize is no longer profitable or attractive for a good proportion of Spanish farmers, says a report for the Spanish news outlet Economia Digital.
Engineered to resist the corn borer pest, the crop has suffered a series of setbacks in Spanish fields.
“The mortgage ‘floor clauses’ are a fraud.”
By Don Quijones, Spain & Mexico, editor at WOLF STREET.
Thursday, April 7, 2016, could go down in history as a great day for Spanish mortgage holders and a very grim one for many Spanish banks, thanks to a new ruling that the so-called mortgage floor-clauses that were unleashed across the whole financial sector in 2009 are abusive (but not illegal) and lack transparency.
These floor clauses set a minimum interest rate — typically of between 3% and 4.5% — for variable-rate mortgages, even if the Euribor drops far below that figure. In other words, the mortgages are only really variable in one direction: upwards!
A number of towns and regions in Spain have agreed to ban glyphosate herbicides in public areas, according to Kistiñe Garcia of the Spanish NGO, Ecologistas en Acción.
The Spanish towns and regions join a long list of local and national authorities around the world that have restricted or banned glyphosate.
On Thursday thirteen civil society organisations active in agriculture and environmental issues have officially alerted the European Commission that the wild ancestor of cultivated maize, teosinte, has appeared in Spain and is spreading widely in maize growing areas as an invasive species.
Teosinte and maize have the potential to interbreed and form hybrids. This applies equally to genetically engineered maize MON810, produced by Monsanto and grown on more than 100,000 hectares in Spain. Due to the risks of appearance of an invasive, transgenic teosinte species, the organisations have asked the Commission and the Spanish government to ban the cultivation of MON810 in 2016.
– The Costa del Armageddon: How the US dropped H-bombs on a beach in Spain… and turned its back on hundreds of British expats who have been caught in the deadly nuclear fall-out zone (Daily Mail, May 10, 2014)
– US to clean up Spanish radioactive site 49 years after plane crash (Guardian, Oct 19, 2015):
Nearly 50 years after a US air force B-52 bomber carrying nuclear weapons crashed in Palomares in south-east Spain, Washington has finally agreed to clean up the radioactive contamination that resulted from the crash.
– ’66 H-bomb accident still a concern in Spain (Pittsburgh Post-Gazette, Nov 29, 2003):
PALOMARES, Spain — Almost 40 years have passed since the U.S. Air Force accidentally dropped four hydrogen bombs on Spain. But the fallout continues with a newly published scientific study that traced the spread of radiation from the accident site — and continuing rumors about a mysterious fifth bomb that supposedly is still leaking on the Mediterranean Sea floor.
– Spain and U.S. Sign Agreement on Palomares H-Bomb Cleanup (Wall Street Journal, Oct 19, 2015):
Four hydrogen bombs fell on southern Spain in 1966 after a midair collision
The Israeli prime minister and six other government officials could face arrest should they enter Spain, after a judge from the country issued warrants for their arrest.
Benjamin Netanyahu would be detained by police over a a case against him regarding the famed ‘Freedom Flotilla’ attack that took place in 2010.
Spanish judge Jose de la Mata ordered both the police and guardía to notify him should Netanyahu or one of six other Israeli officials cross Spain’s border.
Spain’s left-wing potential block is set to win an absolute majority in the Spanish Parliament, with 99 percent of votes counted. The Socialist Party is projected to win 90 seats, while the anti-austerity party, Podemos, is to get 42 (69). The ruling People’s Party is at 123 seats.