Anti-austerity demos in Spain, Portugal

People attend an anti-austerity demonstration in Madrid on June 1, 2013.

Thousands of people have taken to the streets of Spain and Portugal to protest against the austerity measures imposed by the governments of the two countries.

On Saturday, thousands of anti-austerity protesters marched toward Madrid’s Neptune Fountain, near the parliament, shouting “Government, resign.”

The demonstrators also blamed the troika of international lenders — the European Union, the European Central Bank (ECB), and the International Monetary Fund (IMF) — for the economic crisis in their country.

“We are here fighting against the rulings of the troika, because we think they are governing only for the good of big capitalists, against the will of the majority of the people,” one of the protesters said, adding, “Governments in Europe do what the troika tells them at the cost of impoverishing the working classes.”

In Lisbon, around 15,000 people gathered outside the IMF Resident Representative Office in Portugal, chanting, “IMF, out of here.”

Anti-austerity demonstrations were also held in other cities in Spain, Portugal, and across Europe.

The European financial crisis began in early 2008. Insolvency now threatens heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland, and Spain.

The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered massive demonstrations in many European countries.

NT/HGL

This article originally appeared on: Press TV