The role of commercial and central banks in the process of providing credit may seem to be clearly understood by economists, bankers, and policymakers. But there are common misunderstandings about money creation, equilibrium, public money, central banks, and interest rates. The outlook for the global monetary system is not overly optimistic in the absence of […]
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Revolting Europe- Lies, damn lies and French bankers… October 13, 2018French bankers were second only to their German counterparts in the Eurozone as beneficiaries of public handouts to save them in the wake of the banking crisis, a crisis they caused. Now, 10 years on from receiving the mega government cheque, they are pedalling the myth the whole saga was costless; that the French people […]
- France’s political earthquake hits communists October 13, 2018The 2017 elections were a political earthquake in France and the shock waves are now hitting the French communist party. It’s 18 months since France was rocked by the crushing victory of pro-European Emmanuel Macron and his new political movement in the Presidential and legislative elections last year. That victory delivered a body blow to […]
- Yemen: Of Saudi bombs made in Italy November 25, 2017By Gianluca Ferrara Almost nobody talks of the war in Yemen. It is a conflict that reveals how disgusting and dangerous our trading partners are in the Middle East. Amid international indifference, Yemen and its 28 million inhabitants are suffering from the consequences of Saudi Arabia’s criminal policies since March 2015. The Yemeni Houthi rebels, […]
- Why this Friday will be Black for Amazon in Italy November 23, 2017Up to 4,000 workers at Amazon’s despatch centre at Piacenza in northern Italy will be striking for better pay and conditions on Black Friday. In addition, the workers organised by the unions Tertiary Ugl, Fisascat-Cisl, Filcams-Cgil, and Uiltucs-Uil decided on an overtime ban until 31 December, hitting Christmas shopping. Amazon’s strong growth justifies a more […]
- Lies, damn lies and French bankers… October 13, 2018
- Labour Party News
