Excerpt:
Europe has been hit by a wave of industrial and social unrest in recent days and weeks, as workers across the continent push back against efforts to cut government spending and drive down wages. The uncoordinated strikes and protests, which have taken place in at least a dozen European countries and have threatened to paralyze much of the continent, may be a harbinger of more unrest to come.
With much of Europe in or just barely out of recession and many millions of Europeans out of work and collecting welfare checks, governments large and small are scrambling to fix gaping budget holes in an effort to stave off financial disaster. In Spain, for example, the government spent twice as much as it took in during 2009, with unemployment benefits constituting the largest single component of government expenditures.