Some 350 historic buildings in the capital and historic towns across the country are to be sold off.
While the 2012 Summer Olympics bring athletes together in spectacles of sport, the Games will also bring crippling debt, especially galling given the latest austerity measures in the UK.
Madrid saw a massive show of support for miners who are protesting austerity moves by Spain's conservative government, which they say will completely destroy their hardscrabble livelihoods.
Union leaders, including AFL-CIO President Richard Trumka, delivered the strong message that "austerity does not work," and only makes things worse for workers, to the G-20 leaders of the industrialized world, meeting in Los Cabos, Mexico.
Police repression coupled with draconian measures to limit peaceful protest have failed to stop a student strike in Quebec.
Dimitris Papadimoulis was re-elected as a deputy for Syriza, the left coalition in Greece, on May 6. He presents his analysis.
Jim Yong Kim, the Korean-American president of Dartmouth College picked to lead the World Bank by President Obama, was confirmed today by a vote of the institution's 25-member executive board.
The Greek Parliament early Monday morning approved austerity measures demanded by European bankers and financiers.
In both countries, austerity measures include massive cuts in wages and pensions, elimination of the social safety net, privatization of public property and attacks on labor rights.
After approving a controversial new bill, which guts minimum wage and public services, Athens erupted in flames as rioters filled the streets with their outrage.