Madrid protests: Indignados intend to return to the plaza today

After thousands protested in the Plaza de Neptune in Madrid on Tuesday, around 100 meters from the Congress building, police became violent and eventually cleared the square.

The indignados were calling for new elections and carrying banners with the slogan "No", referring to the austerity measures being taken by the Spanish government.

Protesters are saying that a government chosen by the people that, once it reaches power, does not keep it's promises, has no legitimacy. They say that winning an election does not give the government the right to act as it wants, betraying the voters who have elected it. They demand new elections and a new government.... read more and watch video.

Spain's 15m celebrates as head of Bankia faces criminal charges

Rodrigo Rato, former head of Bankia and former IMF chief is facing criminal fraud accusations related to the downfall of Bankia.

Rodrigo Rato was a member of the ruling party, PP (Partido Popular) in Spain, he was also formerly chief of the International Monetary Fund (IMF), and finally he was head of Bankia, a banking giant which is at the center of Spain's economic catastrophe.

Now members of the 15m movement are celebrating a major victory, as the country's high court opens a fraud case against the former head of Spain's largest mortgage lender, Bankia. The bank is currently seeking as much as 23.5 billion euros ($29 billion) in bail-out money.... read more and watch video.