From Brussels...

Tens of thousands of people marched through Brussels on Wednesday in a day of protests across Europe against government austerity measures, which unions say will slow economic recovery and punish the poor.

To Ecuador...

Ecuador was plunged into political turmoil Thursday after police, angered by austerity measures passed Wednesday that would affect their bonuses, took over barracks across the country and closed down highways and the international airport. The government declared a state of emergency.

President Correa, who was roughed up and injured by tear gas when he attempted to seek dialogue with disgruntled officers Thursday, was trapped in a hospital as angry protesters surrounded the building.

This is precisely the legitimacy problem that neoliberalism faced when the US bailed out its banking sector. No one is buying it anymore. The truth is out in the open. The Washington Consensus collapsed. All that's left are the ghosts of dead policies that only benefit the global elite. Microfinancing also sucks.