Category Archives: Еconomy

Greek People Turn Out to Refuse Merkel’s ‘Tough Path’

  Police try to disperse protesters during (Reuters/Grigoris Siamidis) Greek protesters came out in full force in the streets of Athens today as German Chancellor Angela Merkel came and went to discuss further “painful” budget cuts the country will now endure to win favor with EU bankers. Modest estimates put the number of anti-austerity, anti-Merkel protesters at 50,000, who marched

Read more

Confronting the EU “Oligarchy of Governments”. Joining Forces for Another Europe

By Tommaso Fattori In Europe we are living in particularly dramatic times. Democracy is in death-agony and we are witnessing post-democratic processes taking over at the national and supranational level. EU leaders have further concentrated decision-making power on public and fiscal policies in the hands of an oligarchy of governments, technocrats and the European Central Bank (ECB), which are subject

Read more

Barcelona’s unemployed detail social tragedy engulfing Spain

By our reporters 5 October 2012 Since the outbreak of the economic crisis in 2008, unemployment in Spain has risen from 8 percent to nearly 25 percent, over double the European Union average. Amongst young people it has risen from 22 percent to 53 percent. In the poorer regions, including Extremadura, the Canary Islands and southern Andalucia, the unemployment rate

Read more

European Union demands further cuts in Greece

By Christoph Dreier 5 October 2012 Last weekend, representatives of the troika—the European Central Bank (ECB), European Commission (EC) and the International Monetary Fund (IMF)—returned to Athens to discuss a third package of budget cuts with the Greek government. Officially, the troika has the task of preparing a report on Greece’s budgetary situation for the European Union (EU) and IMF

Read more

Self-Financing that Works for the Poor

By Estrella Gutiérrez Arely Domínguez, right, and other members of El Guapo at the inauguration of the bankomunales exhibit. Credit: Estrella Gutiérrez/IPS CARACAS, Oct 2 2012 (IPS) – “We were used to losing, so a group of us said to ourselves: let’s lose something here,” said Carmen Caravallo, describing the start of a “bankomunal”, a self-managed microfinance fund based on

Read more

Greece-Germany: who owes who? (1) London 1953: cancellation of the German debt

  1 October by Eric Toussaint Since 2010, in the stronger countries of the eurozone most political leaders supported by mainstream media have flaunted their so-called generosity towards the Greek people and other weaker countries in the eurozone that are currently in the limelight (Ireland, Portugal, Spain…). In this context, measures that further destroy the economy of recipient countries and

Read more
Recent Entries »