Austerity isn’t working; in fact it is simply exacerbating the deep crisis that Spain finds itself in. None of the mainstream parties have come up with a programme that can put an end to this crisis. Here we publish the programme of the Spanish Marxists of Lucha de Clases.

We have received the following report from a Spanish comrade living in Edinburgh, Julia S. Vidania, on her recent visit to her home city of Madrid. She gives a vivid account of the almost revolutionary tension in the city as the European austerity programme and the crisis of capitalism erodes the veneer of stability in society, exposing the deep fault-lines of the class struggle. We strongly recommend this well written account which is full of detail and insights.

As the Spanish government got its €65bn austerity package passed in Parliament, millions of people took to the streets in unprecedented demonstrations against cuts on July 19. The day after, as the Valencian regional government asked for a central government bail out (of 3.5bn euro), the risk premium on Spanish bonds hit a new record, while 10 year bonds were yielding 7.3%. The Spanish economy is on the verge of a full bail out.

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