Tag Archives: debt

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

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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

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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

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