With Spain's unemployment still at 25 percent, the country has dipped into a second recession -- and financial institutions have taken note. Moody's Investors Services downgraded 16 Spanish banks on May 17. Spain's crumbling financial institutions are among the complaints that have prompted people to take to the streets. Above, demonstrators gather in Plaza Catalunya at the end of a parade on May 12.
With Spain's unemployment still at 25 percent, the country has dipped into a second recession -- and financial institutions have taken note. Moody's Investors Services downgraded 16 Spanish banks on May 17. Spain's crumbling financial institutions are among the complaints that have prompted people to take to the streets. Above, demonstrators gather in Plaza Catalunya at the end of a parade on May 12.
With Spain's unemployment still at 25 percent, the country has dipped into a second recession -- and financial institutions have taken note. Moody's Investors Services downgraded 16 Spanish banks on May 17. Spain's crumbling financial institutions are among the complaints that have prompted people to take to the streets.
Above, demonstrators gather in Plaza Catalunya at the end of a parade on May 12.
Up to 80 percent of the Spanish population supports the indignados, according to recent polls. Above, a protester waves the Spanish flag in Plaza Catalunya, Barcelona, at the end of the parade on May 12. The event marked the beginning the occupation of the square.
Up to 80 percent of the Spanish population supports the indignados, according to recent polls. Above, a protester waves the Spanish flag in Plaza Catalunya, Barcelona, at the end of the parade on May 12. The event marked the beginning the occupation of the square.
A security officer of the BBVA bank in Plaza Catalunya closes the bank's doors to prevent the demonstrators from getting inside on May 15.
A security officer of the BBVA bank in Plaza Catalunya closes the bank's doors to prevent the demonstrators from getting inside on May 15.
Protesters assert their right to housing outside the Caixaterrassa Bank on May 15 in Barcelona. The movement has been successful at delaying or canceling at least some evictions of homeowners.
Protesters assert their right to housing outside the Caixaterrassa Bank on May 15 in Barcelona. The movement has been successful at delaying or canceling at least some evictions of homeowners.
Three elderly women watched the May 12 demonstration from inside an hotel in Barcelona.
Three elderly women watched the May 12 demonstration from inside an hotel in Barcelona.
Members of 15-M's most active group, "Democracia Real Ya," plan the path of a demonstration in their office on May 12 in Barcelona. Like Occupy Wall Street, the protesters have run into difficulty with the law regarding when and where they are allowed to meet. Police in Madrid have also had trouble enforcing the allotted periods when protesters are allowed to remain in main plazas.
Members of 15-M's most active group, "Democracia Real Ya," plan the path of a demonstration in their office on May 12 in Barcelona. Like Occupy Wall Street, the protesters have run into difficulty with the law regarding when and where they are allowed to meet. Police in Madrid have also had trouble enforcing the allotted periods when protesters are allowed to remain in main plazas.
Besides banks, protesters have also targeted the recent cuts to Spain's health-care programs. Above, members of the "Health Group 15-M" demonstrate outside the First Care Center in Raval district, Barcelona, rallying against layoffs of health-care professionals and the privatization of services.
Besides banks, protesters have also targeted the recent cuts to Spain's health-care programs. Above, members of the "Health Group 15-M" demonstrate outside the First Care Center in Raval district, Barcelona, rallying against layoffs of health-care professionals and the privatization of services.
Catalonia police squads arrest demonstrators during the protest outside the headquarters of the Caixa bank in Barcelona on May 15.
Catalonia police squads arrest demonstrators during the protest outside the headquarters of the Caixa bank in Barcelona on May 15.
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With Spain's unemployment still at 25 percent, the country has dipped into a second recession -- and financial institutions have taken note. Moody's Investors Services downgraded 16 Spanish banks on May 17. Spain's crumbling financial institutions are among the complaints that have prompted people to take to the streets. Above, demonstrators gather in Plaza Catalunya at the end of a parade on May 12.
The war in Ukraine has propelled the United States and Europe closer on a variety of foreign-policy issues. But do Washington and Brussels agree on how to deal with Beijing’s growing clout...Show more?
The signs are mixed. The trans-Atlantic alliance NATO has formally declared China a strategic threat, but there are also emerging gaps in how various European capitals and Washington want to engage with Beijing. What exactly are these differences, and how will they impact the world’s relations with China?
Join FP’s Ravi Agrawal for a discussion with experts on both sides of the Atlantic: Cindy Yu, an assistant editor of the Spectator and host of its podcast Chinese Whispers; and James Palmer, author of FP’s weekly China Brief newsletter. FP subscribers can send in their questions in advance.
With Spain's unemployment still at 25 percent, the country has dipped into a second recession -- and financial institutions have taken note. Moody's Investors Services downgraded 16 Spanish banks on May 17. Spain's crumbling financial institutions are among the complaints that have prompted people to take to the streets. Above, demonstrators gather in Plaza Catalunya at the end of a parade on May 12.
Over the last few years, the United States has moved to limit China’s technological rise. U.S.-led sanctions have imposed unprecedented limits on Beijing’s access to advanced computing c...Show morehips. In response, China has accelerated its own efforts to develop its technological industry and reduce its dependence on external imports.
According to Dan Wang, a technology expert and visiting scholar at Yale Law School’s Paul Tsai China Center, China’s tech competitiveness is grounded in manufacturing capabilities. And sometimes China’s strategy beats America’s.
Where is this new tech war headed? How are other countries being impacted as a result? In what ways are they reassessing their relationships with the world’s largest economic superpowers? Join FP’s Ravi Agrawal in conversation with Wang for a discussion about China’s technological rise and whether U.S. actions can really stop it.
With Spain's unemployment still at 25 percent, the country has dipped into a second recession -- and financial institutions have taken note. Moody's Investors Services downgraded 16 Spanish banks on May 17. Spain's crumbling financial institutions are among the complaints that have prompted people to take to the streets. Above, demonstrators gather in Plaza Catalunya at the end of a parade on May 12.
For decades, the U.S. foreign-policy establishment has made the assumption that India could serve as a partner as the United States jostles with China for power in the Indo-Pacific region. B...Show moreut Ashley J. Tellis, a longtime watcher of U.S.-India relations, says that Washington’s expectations of New Delhi are misplaced.
In a widely read Foreign Affairs essay, Tellis makes the case that the White House should recalibrate its expectations of India. Is Tellis right?
Send in your questions for an in-depth discussion with Tellis and FP Live host Ravi Agrawal ahead of Indian Prime Minister Narendra Modi’s visit to the White House on June 22.
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