The upstart left party Podemos has claimed it is a “lever for change”, as it broke through in eight regions of Spain to become the third force in eight of the 13 regional parliaments contested. “We would have liked to see a more rapid erosion of the large parties“, according to Podemos leader Pablo Iglesias, […]
Podemos is 3rd force Spanish elections – radical left triumphs in Barcelona
May 25th, 2015 by Tom Gill.
The great Spanish corporate tax dodge
Mar 12th, 2015 by Tom Gill.Spain’s biggest companies have greatly increased their presence in tax havens, with the number of subsidiaries established in these tax-lite territories up 44% during 2013, the worst year in the country’s economic crisis. The IBEX35 companies upped the number of branches in tax havens from 561 to 810 during that year, new research finds. Financial […]
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Spain’s jobs crisis will last as long as it is in the euro
Mar 10th, 2015 by Tom Gill.By Juan Torres López and translated from the original Spanish by Tom Gill A crucial question for the Spanish economy is why it suffers a level of unemployment that is much higher than the rest of the economies that surround it. Obviously, it is a question with no simple unequivocal answer, for surely there are many factors […]
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What’s driving Germany’s hardline stance on Greece?
Mar 2nd, 2015 by Tom Gill.By Juan Torres López* and translated from the original Spanish by Tom Gill The media and the centres of economic and political power in Europe try to make us believe that the difficulties in reaching agreement with Greece come from the demands and bad practices in this country and that it is the position of […]
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Italy: whatever happened to PM Renzi’s anti-austerity commmitment?
Feb 25th, 2015 by Tom Gill.One year after PM Renzi came to power and three governments since Berlusconi, Italy is still depressed, thanks to unending austerity programmes, writes Leopoldo Nascia (translated from the original Italian by Tom Gill) Seven years of crisis and three and half years of the political shocks they have brought, in succession, the governments Mario Monti, Enrico […]
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The costs and benefits of Grexit
Feb 24th, 2015 by Tom Gill.by Emiliano Brancaccio and Gennaro Zezza – translated from Italian by Tom Gill You cannot say that between 2010 and 2014, Greece has not “done their homework” assigned by the Troika. The tax burden has grown by five percentage points of GDP, public spending has fallen by a quarter and wages have fallen by twenty […]
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Explaining the Euroland-Greece agreement
Feb 23rd, 2015 by Tom Gill.by Jacques Sapir (translated from the French by Tom Gill) The agreement reached on Friday 20 February between Greece and the Eurogroup has led to conflicting commentary. It is necessary, in order to understand this agreement, and to analyze it, to put it into context, both in the short and in the long term. This agreement […]
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The German Chancellor and Grexit
Jan 6th, 2015 by Tom Gill.This article by Jacques Sapir originally published on his own blog is translated from the French by Tom Gill A Greek exit from the Euro, following the election on 25 January, is no longer unthinkable, Chancellor Angela Merkel admitted in the German weekly Der Spiegel on Saturday. This is an important statement, which can be analyzed in […]
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“We are the vote for hope”: Interview with Pablo Iglesias of Podemos
Nov 27th, 2014 by Tom Gill.He’s MEP of the European Left in the GUE-NGL grouping “that defends the dignity of the people and democracy”. He’s also leader of Spain’s Podemos movement, which to general surprise won 8% in the Continent-wide elections in May and is accredited in opinion polls today as the leading political force in the country with a […]
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The honeymoon is over for Italian PM Mateo Renzi
Nov 15th, 2014 by Tom Gill.Thousands took to the streets of Milan and other cities on Friday in the first of union-led protests that will culminate in a general strike next month. At issue is the government’s labour counter-reforms that will make it easier for firms to fire workers, adding to the growing ranks of the precariat in the Eurozone’s […]
