The 100,000 million Euro bailout from the EU for spain’s failing bank system is a desperate attempt to put an end to the ongoing consequences of a brutal devaluation of capital (in this instance, all manner of real estate) and the accompanying collapse of the credit institutions which sustained the earlier capital expansion. It is unlikely to be enough and will only deepen the country’s public debt. Predictably, those who will pay for this will be the working classes and the beneficiaries of increasingly impoverished public social services.
For analyses, see:
Madrilonia
(http://madrilonia.org/2012/06/el-rescate-explicado-en-10-puntos/)
Roarmag
(http://roarmag.org/2012/06/for-spains-rescued-bankers-there-will-be-no-austerity/)
Colectivo Novecento
(http://colectivonovecento.wordpress.com/2012/06/12/las-paradojas-del-juego-del-rescate/)
Economía Crítica y Crítica de la Economía
(http://www.economiacritica.net/?p=873)
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Centros de Internamiento para Extranjeros (CIE) are concentration centres for illegal migrants in spain. Having committed no crime except to be in the country and very often working, persons held have continually complained of mistreatment, unfit conditions and unspecified limits of internment. Many have been those in spain who have sought to bring an end these centres, and to the sound of “No one is illegal”, the CIE of Malaga was closed …
(Video and text: http://malaga.tomalaplaza.net/2012/06/12/lo-conseguimos-cierre-del-cie-de-capuchinos/)
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Another series of marches through spain have been set, that will conclude in Madrid on the 21st of July …
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flo6x8 Las Primas por las Nubes – fandango road movie vs banks … the beauty, the audacity of guerilla flamenco …
(http://www.youtube.com/watch?v=qcsynnusH8I)
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A site for theoretical reflection on 15M: Análisis Madrid 15M