Saturday, May 21, 2011

The pain in Spain falls mainly on the young

... which is why the squares are full in today's jornada de reflexion before tomorrow's local and regional elections.

Will Europeans put up with the miserable years of adjustment that their elites have got lined up for them? This is a first sign that perhaps they won't.

It's also interesting that the protest appears to be non-partisan, reflecting frustration at the lack of real alternatives on offer. EMU and fashionable thinking about non-majoritarian economic policy making have left countries like Spain with no real economic policy choices, and electorates seem to have cottoned on to this fact.