14N: There is not "them"

Amid of the harshest recession in the European Union, there are countries like Greece, Spain, Portugal or Italy thaat cannot bear more auterity measures. Today, 14 of Novemember, 2012 thier citizens are striking in the streets fighting for their human rights.

Greece
Eurozone is standby the resolution of IMF and Eurogroup to reach an agreement over two-year extension debt in Greece. What Greece is supposed to do is to get its debt down to a 120% of the GDP by 2020 (or what they are trying now until 2022).

Also, goverment is seeking to avoid the €5bn default thought T-bill auction, but as the FT exposed "Greek banks expected to buy the issue can only raise about €3.5bn of collateral acceptable to the European Central Bank".

Greece is still the biggest problem of the Eurozone, but Eurozone finance ministers should release the next aid by November the 20th.

Spain
The Spanish situation is not getting better either. Evictions have provokes two suicides already from vulnerable homeworkers to pay thier mortages. Central government is taking action to limit the foreclosures for two years. This is linked with the debate over banking reform and the so-called "bad bank" which will start working at the end of November with €5bn. Reuters explained that "the bad bank will initially receive €45bn in assets from the four nationalized institutions".

Besides that, the uncertainty over the bailout is still worring investors. On the other side, Spanish citizens will not see many changes in Goverment policy at least until the unveil of the budget deficit target (that it must reach a 5.5%).

The 14N is the second general strike in less than a year in Spain. The desesperate situation in Spain is aggravated by the 25% unemployment rate.

Portugal 
After the visit of Angela Merkel to Lisbon last Monday the 12th of November, 2012, anti-austerity protesters held placards telling her she was not welcome, as Aljazeera showed in a report. Besides that, some activist (4,226) wrote a letter addressed to Ms. Merkel where it explains that taking more loans from the Troika is not the solution for Portugal. Portuguese video information prohibited in Germany here.

Portugal also reaches a 16% unemployment rate, and to impose more austerity measures will only produce a deeper recession.

Italy
Italians have also similar problems. Now  Italy is about "to indict five S&P employees and two from Fitch Ratings for market manipulation" connected to their downgrades of Italy’s credit rating, according to the Telegraph information.

However, Mario Monti efforts seems to produce positive effects by 2013, according to Bloomberg with  less deep recession compared with 2012 (a GDP drop of 0.5% in 2013 against 2.5% of 2012) due to a reduction in the unemployment rate.

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All this information regarding to the most affected countries of the Eurozone does not mean "they" are the only ones to be hit by the financial crisis. Specially because this is a global crisis. today, 14N there are 23 countries demostratiing against austerity measures (France, Belguim and Germany among them). As the BBC news is showing today, UK will recover slowly from recession. However, according to King: "Output might shrink again in the last quarter of 2012".

This is not a battle between the South and the North European countries. I believe in a common solution, with deeper integration among all of Us. Perhaps, more regulation over the market will be the solution, to cede a bit  of sovereignty to the Union, or to create the banking union, etc. There are many possibilities on the table, they (We) only need to get an agreement all together. "There is just no work" information of BBC about today demostration, specially in Spain and Portugal. The problem is that demostration will not change anything about the current situation, unfortunately.

 In the overview, I will add that other countries in the world are also suffering the consequences of the global financial crisis, as Japan or U.S.