from With austerity policies in Europe and the USA and slow down in China and India, 2013 needs innovative policies or more recession is likely
Posts tagged ‘Europe’
Robert Pollin: Economic Outlook for 2013
by The Editors, posted on Tuesday, January 1st, 2013 at 10:34 pmGreek Society Unravels Under Austerity Measures
by The Editors, posted on Wednesday, October 24th, 2012 at 3:22 pmCostas Lapavitsas: Merkel’s visit to Greece shows Eurozone leadership don’t want to push Greece out, but situation is explosive as people are furious at austerity measures
Most Greeks Look to Left for Solutions, but Far Right Gaining Strength
Costas Lapavitsas Pt.2: Left party Syriza leads polls but conditions for fascism also developing as crisis deepens
Britain’s Unions Bring London to a Standstill
by n0madic, posted on Monday, October 22nd, 2012 at 7:09 pmOne hundred thousand workers march on the capital as unions warn austerity isn’t working and threaten a general strike for the first time since 1926,
Financialization and the World Economy
by n0madic, posted on Sunday, September 30th, 2012 at 7:36 pmGerald Epstein, Political Economy Research Institute, and Department of Economics, University of Massachusetts, Amherst): Financialization of the economy has been developing since the late 19th century and is now at historic Levels
Richard Wolff: Spain & Greece – Is This What Collapse Looks Like?
by n0madic, posted on Friday, September 28th, 2012 at 7:52 pmfrom The Big Picture with Thom Hartmann (RT)
Richard Wolff, economist & visiting professor in the Graduate Program for International Affairs, New School University, joins Thom Hartmann. Workers in Greece went on strike Wednesday to protest another round of spending cuts under consideration by the Greek government. Public employees, teachers, medics, lawyers, and even banksters walked off their jobs and took to the streets to protest salary and pension cuts. It’s the first such strike since the new Conservative government took power in June. Yet the Greek government today unveiled it’s new austerity budget pledging to cut $11.5 billion over the next several years. So what will this latest round of cuts due to a nation that is already collapsing under the banksters demands?
German Economy and European Crisis
by n0madic, posted on Wednesday, September 26th, 2012 at 12:16 pmGerman Left Party Vice-President Sahra Wagenknecht on wage repression in Germany and the European Stability Mechanism
Thousands Surround Spanish Parliament in Bid to “Occupy Congress” and Stop Austerity
by n0madic, posted on Wednesday, September 26th, 2012 at 11:22 amfrom Democracy Now!
Thousands of people surrounded the Spanish Parliament in Madrid on Tuesday to protest austerity measures and the loss of public confidence in elected leaders. The “Occupy Congress” protest came as the conservative administration of Prime Minister Mariano Rajoy prepares to unveil further austerity measures on Thursday. After hours of protest, police in riot gear charged against demonstrators with batons and fired rubber bullets. Thirty-five people were arrested and at least 60 people were injured. We go to Madrid to speak with independent journalist Maria Carrion.
Spain’s Robin Hood Mayor and Landless Peasants Battle Bankers
by n0madic, posted on Wednesday, September 5th, 2012 at 8:35 amIn Southern Spain, Juan Manuel Sánchez Gordillo, mayor of the small town of Marinaleda, is helping organize a growing protest movement against the austerity measures imposed by the Spanish government. Sánchez Gordillo and the landless peasants that follow him are at the forefront of demonstrations seeking a radical change in the country’s economic policies in response to the country’s worsening crisis.
Joseph Stiglitz on Occupy and Why U.S.-Europe Austerity Will Only Weaken Economic Recovery
by n0madic, posted on Sunday, June 10th, 2012 at 10:36 pmfrom Democracy Now!
As European leaders scramble to address the sovereign debt crisis, Nobel Prize-winning economist Joseph Stiglitz argues the austerity measures pushed by Germany, the United States and international creditors are only “going to make the countries weaker and weaker.” If European economies contract, Stiglitz predicts that “our economy [will] go down further into the hole. … Those policies then increase the probability of our weak economy tipping over into recession.” Stiglitz’s new book is “The Price of Inequality: How Today’s Divided Society Endangers our Future.” Stigliz continues: “Occupy Wall Street was a reflection of a lot of American’s perspective that our economic system is unfair. … There was a hope after the crisis, that government would fix things, it didn’t. Or didn’t do enough, and that combination of economic unfairness and a political system that doesn’t seem capable of correcting these injustices, I think is what motivated a lot of the Occupy Wall Street.”
Gary Younge: The Revolt Against Austerity
by n0madic, posted on Thursday, May 17th, 2012 at 5:28 pmfrom The Nation
Across Europe, people are vocally and actively rejecting austerity. But they’re not doing so as Europeans, Nation columnist Gary Younge points out. Global and regional solidarity has been limited, Younge explains in this video, even as people fight similar battles against income inequality and other forms of injustice.
