The 1st round Socialist victory in the French presidential elections on Sunday, the collapse of the Right-wing Dutch government on Monday, the probable demise soon of the Right-wing Czech government , and the likely election on 6 May of an anti-Merkel government in Greece point conclusively in one direction. Across Europe the democratic backlash against […]
Posts Tagged ‘Eurozone’
Standing up for Ireland
Mar 15th, 2012 by Gerry Adams.If you want to know who is taking the real decisions about the economy of the Irish state then you need look no further than EU Commissioner Olli Rehn. Since Fianna Fáil crashed the economy and Fine Gael and Labour won last years election they have repeatedly asserted that there can be no deviation from […]
Share:
Another credit crunch looms
Mar 9th, 2012 by Ann Pettifor.The finance sector is signalling alarm, and our politicians are once again asleep at the wheel. Another “credit crunch” may be looming. The most significant evidence emerged from the ECB’s second Long Term Refinancing Operation (LTRO) on Thursday last week. The LTRO is simply language intended to disguise the “printing of money” by the ECB […]
Share:
Austerity Isn’t Working – time to invest in growth and jobs
Feb 28th, 2012 by Lee Brown.Austerity isn’t working. The disastrous Tory economic experiment has left the economy stagnating, household incomes falling at their fastest rate in decades and unemployment soaring towards three million. Even by the criteria the government has set itself, that of reducing the deficit, it is failing. The Tories are set to borrow £158 billion more than […]
Share:
The French goose and the Greek gander
Feb 15th, 2012 by Ann Pettifor.Inside the Eurozone, what’s good for the French democratic Goose it appears, is not necessarily applicable to the Greek democratic gander…. From the Financial Times of 13 February, 2012:
Share:
Solidarity campaign to support the people of Greece
Feb 14th, 2012 by Newsdesk.The following appeal for solidarity was today made in a letter to the Guardian. It can be signed here. The people of Greece face an unprecedented economic and political crisis (Violence grips Athens, 13 February). They are being driven to poverty and mass unemployment by the demands of the so-called Troika. Hospitals in Greece are running […]
Share:
Greece: the explosion of a revolution
Feb 9th, 2012 by David Osler.My next scheduled visit to Athens is only four months away, and I guess the city will still look pretty much the way it did last time I was there, its skyline dominated as ever by the Parthenon and the Acropolis. But in social and political terms, Greece is going to feel very different. Such […]
Share:
The odds for the euro are shortening in 2012
Dec 23rd, 2011 by Michael Meacher.The take-up by the eurozone banks of €489bn from the European Central Bank (ECB) ought to be good news as a sign that the ECB is now at last, having refused to do so in 2011, ensuring eurozone banks can fund themselves adequately next year. The ECB believes they will need €720bn of loans in […]
Share:
European Union: gamechanger for the left
Dec 12th, 2011 by David Osler.I’m sure Milton Friedman would have appreciated the irony. The neoclassical economic prescriptions developed by him and others in the name of competition and freedom of choice is about to be awarded a continent-wide ideological monopoly, by force of state decree. If Merkel and Sarkozy get the new treaty they need to save the euro, […]
Share:
The EU summit is another failure for austerity
Dec 12th, 2011 by Michael Burke.The outcome of the EU summit has widely been hailed in the British media as a triumph for David Cameron. It is rare that a complete rupture and isolation in multi-party negotiations is regarded as a triumph – but this is a function of the dominant and still growing xenophobia of the British press.
