Unpopular austerity measures have often been met with mass demonstrations in Europe [Reuters] New York, New York - This year’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy. Financial leaders, from finance ministers to leaders of private financial institutions, reiterated the [...]
Protest flames: demonstrators in Rome take part in a candlelit vigil held for victims of the economic crisis and to highlight the lack of jobs. Partial local elections take place next month. Photograph: Giuseppe Ciccia/Demotix/Corbis Anti-austerity movements gaining momentum across Europe As economies falter, established political parties feel the heat from leftwing and far right [...]
REUTERS European Central Bank President Mario Draghi has suggested a ‘growth pact.’ Be it austerity queen Angela Merkel or Socialist François Hollande, European politicians are suddenly in agreement with ECB President Mario Draghi’s proposal to round out the European fiscal pact’s austerity measures with a “growth pact.” But many seem to have a different idea about what this means. [...]
Austerity is suicidal public policy warns US economist Joseph Stiglitz.Nobel Prize-winning U.S. economist Joseph Stiglitz speaking in Vienna, Austria Thursday night said that it’s a suicidal path for Europe — and that such a policy has never worked in any large country. European, US Austerity Drive is Suicidal: Nobel Economist Stiglitz ‘The Occupy movement has been very [...]
As the Mutiny Spreads, It’s Clear: Europeans Have Had Enough! by ALEXANDER COCKBURN Watch Europe tip left and right as voters rise in fury against the austerity menu that’s been bringing them to utter ruin. In Holland, the right-wing Freedom Party leader Geert Wilders brought down the governing coalition on Monday bellowing his defiance for [...]
. Protesters march during a demonstration by the Czech Trade Union, who are opposing the Czech government‘s reforms in Prague April 21, 2012. The banner reads, “Stop the government”. (REUTERS/David W Cerny)Union leader Jaroslav Zavadil said the cabinet was “humiliating the powerless with its anti-social reforms.” * * * BBC News: Czechs stage huge anti-government rally [...]
Electoral posters in Seville, Andalucia, March 2012. Brussels and international bond markets are becoming increasingly worried about Spain’s indebted regions. Photograph: Marcelo Del Pozo/REUTERS Further proof that austerity is just a word. What is really happening is that the so called global economy is just the same as any domestic economy. That is it is [...]
A bomb-damaged branch of the Administrative Reform ministry in Athens yesterday. Photograph: John Kolesidis/REUTERS Eurozone crisis live: Bombs in Athens over Easter break Eurozone investor sentiment drops Spanish minister refuses to rule out bailout Greeks protest austerity measures with small fire-bombs There is more live coverage of events at http://www.guardian.co.uk/business/2012/apr/10/eurozone-crisis-live-athens-protests-bombs Related articles Greeks Rally Against Austerity [...]
Protesters dressed up as bankers under police watch in Zaragoza, during the March 29 Spanish general strike [Al Jazeera/Pepe Escobar] The longing for rest and peace must itself be thrust aside; it coincides with the acceptance of iniquity. Those who weep for the happy periods they encountered in history acknowledge what they want: not the [...]
Mourners stand around the spot where a man committed suicide at central Syntagma square in Athens, Thursday. A cash-strapped Greek pensioner shot and killed himself on Wednesday saying he refused to scrounge for food in the rubbish, touching a nerve among ordinary Greeks feeling the brunt of the country’s economic crisis. (John Kolesidis/Reuters) ATHENS, [...]
After Greece, there are signs of rising protests across EU societies [EPA] London, United Kingdom - German sociologist and influential European thinker Ulrich Beck recently highlightedthat one of the most (problematic) prevailing contemporary tendencies is to elevate Germany‘s “culture of stability” to “Europe’s guiding idea”. While it is necessary that some states take a more conscious and [...]
. Protesters in Madrid during yesterday’s general strike (photo: Jesús Pérez Pacheco) Spain’s New Budget: ‘As Austere As It Gets’ Budget is most austere in Spain’s democratic history – Common Dreams staff Spain has unveiled its most austere budget in democratic history today in the wake of massive protests. The government’s budget calls for cuts [...]
Police try to escort a truck leaving a food warehouse past picketers in Malaga, southern Spain, at the start of a general strike. Photograph: Jon Nazca/Reuters Spain announces ‘extraordinary’ €27bn budget cuts Prime minister Mariano Rajoy‘s conservative government announced Spain’s most austere budget for more than three decades Giles Tremlett guardian.co.uk, Friday 30 March 2012 19.36 [...]
Protesting labor reforms in Spain (photo: arribalasqueluchan!) Fighting Austerity: Spanish Unions Call for General Strike – Common Dreams staff Spain’s two main unions, the General Workers Union and the Workers Commissions, have called for a general strike on March 29 to protest the government’s austerity push. The unions’ leaders, Ignacio Fernández Toxo y [...]
Our Very Own Oscar Night in Rimini By Michael HudsonFebruary 27, 2011 “Counterpunch” — I have just returned from Rimini, Italy, where I experienced one of the most amazing spectacles of my academic life. Four of us associated with the University of Missouri at Kansas City (UMKC) were invited to lecture for three days on Modern Monetary [...]
Thousands Hit Athens Streets Demanding End to Austerity Strikes affect public transportation, other services – Common Dreams staff watch video at http://www.commondreams.org/headline/2012/01/17-1 Agencies are reporting that thousands of Greeks have taken to the streets and have taken part in strikes in ongoing protests over the country’s harsh austerity measures. Greece has entered its [...]
Protesters waved Romanian flags with holes in them, symbolising the 1989 anti-communist revolution [Reuters] Romanian police have fired tear gas and clashed with protesters during an anti-government rally in the third consecutive day of demonstrations against austerity cuts and worsening living standards. Authorities said that at least ten people, including one police officer who was [...]
In this article Austerity is looked at and seen in a light you may prefer to the voodoo rhythm economics representation of the drastic effects of complete inequality. With the accelerating concentration placing even more into the hand of the elites and the sttoge bankers and politicians together with the media more is needed [...]
Well the British are now taking part in what should end up being a major and world wide awakening at least by some as to how the elites are killing them and their children with boundless avarice. Here in Australia revelations that a walking talking capital crisis like Clive Palmer can reap the rewards of [...]
