The Reunion: New Labour | BBC Radio 4 Interesting discussion on the "modernisation" of the party on what is usually a great radio series with Mandelson, Beckett, McDonagh, Nye and Hunter. But virtually no dissenting voices. A wasted opportunity for a better programme.
By Duval Guillaume In Europe, ever more monetary laxity is necessary because Germany refuses fiscal stimulus, even though the latter approach is preferable. On 4 September the European Central Bank (ECB) not only lowered again the interest rate at which it lends to banks to 0.05%, but it has also launched a major programme of […]
By Bernard Cassen The first concern of any institution is to perpetuate its existence and expand its areas of intervention. In the latter case, such an ambition usually encounters forces and structures that do not intend to be deprived of all or part of their territory and their prerogatives. When these forces and structures do […]
Read the news and it’s all upbeat about Spain. The Spanish economy grew 0.6 percent in the second quarter, the fastest rate since 2007, before the country slipped into recession. That’s the fourth consecutive quarter of growth. And Spain’s unemployment rate has fallen to a two-year low – of 24.5% in the second quarter. Of course at […]
The sale of Indesit to Whirlpool is just the latest case: what is happening amid the general silence is the end of industrial Italy. The imminent danger is to yield to foreign capital not only industries but also the big banks, and to completely sell off Italian savings. Due to the sharp decline of industry and […]
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Header images: Wind farm [credit]. Balloons [credit] and crowd scene [credit]. Labour Conference pics [credit].