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austerity

This tag is associated with 322 posts

Peace Not War on Italy’s Liberation Day

Ten thousand are expected Friday in the northern Italian town of Verona in a rally for peace and against tens of euro-billions in arms spending by Italy’s cash-strapped government. The Italian peace movement will come together to call on the centre-left-right coalition administration to end its 14 billion euros funding of 90 F35 fighter-bombers. The call from … Continue reading

3 reasons why the Socialists are right to revolt against PM Valls’ austerity plan

France’s ruling socialist party is in revolt. A very vocal minority don’t like the austerity plan of new PM Manuel Valls. And they are threatening to vote it down. Here’s 3 reasons why they are right France’s new prime minister – now three weeks into his job – last week unveiled a swinging austerity plan. … Continue reading

What’s the punishment for a 300 million euro tax fraud?

What’s the punishment for a 300 million euro tax fraud? If you are in Italy and your name is Silvio Berlusconi it is about a week hanging out with people your age. A court in Milan ruled earlier this week that as his sentence the 77-year-old billionaire media mogul and thrice Italian PM would be performing … Continue reading

French socialist revolt continues

The revolt in France’s socialist party continued this week as details of a fresh austerity plan were unveiled by new Prime Minister Manuel Valls. Valls has announced a 50 billion euro austerity plan to be funded largely by cuts to pensions, a freeze in public servants’ salaries and cuts to public services. The announcement was “received as a … Continue reading

How the EU’s budget straight jacket was born

In May 1981 in less than an hour Guy Abeille, then senior official of France’s Budget Directorate, invented the EU’s infamous deficit-to-GDP figure of 3 %. And the European austerity fest was born. Guy Abeille is known as “Monsieur 3%” . He’s the inventor of a concept signed up to and repeated ad nauseam by … Continue reading

Thousands protest in Paris against austerity

Led by several parties of the radical left, the protesters sent a message to President Francois Hollande that they had ‘enough’ of austerity and that it was time for a change in policy. Thousands of people protested in Paris on Saturday calling for a change in the austerity policies of President Francois Hollande. The Left … Continue reading

How austerity has widened Italy’s North-South divide

Austerity policies have accentuated a North-South divide grounded in a distribution of public spending and the tax burden that is skewed against the Mezzzogiorno, argues economist Guglielmo Forges Davanzati “It is well known what kind of ideology has been disseminated in myriad ways among the masses in the North, by the propagandists of the bourgeoisie: the South … Continue reading

Valls as France’s new PM is poor casting – but that’s not the worst of it

By Jacques Sapir After what can only be called one of the worst defeats suffered by a “Left government” in local elections, a defeat that saw cities won by the Socialists over 100 years ago pass into the hands of the Right (Limoges), French President François Hollande has decided to thank the Prime Minister, Jean- … Continue reading

Inside the Greek laboratory

IN THE RADICAL PRESS / MEMOIRE DES LUTTES A new book publishing the views of Greek scholars and professionals on the impact of Troika policies has helped Bernard Cassen understand better the criminal nature of market fundamentalism pursued by Brussels, Frankfurt and Berlin You have to be very naive to believe that the fury of the “troika” against Greece … Continue reading

Left of Socialist Party calls on Hollande to dump austerity after local election defeat

“The Government cannot remain deaf to the message of the voters. Nothing would be worse than to underestimate the extent of the defeat. Nothing could be more dangerous than to err in analyzing the causes. The problem is not ‘methodological’, it is political. The central issue is a rejection of austerity. This is not about … Continue reading

France local elections: disappointment with Hollande and abstention help Le Pen

Pietro Lunetto offers an analysis of Sunday’s elections and argues that despite the headlines, the Left vote held up overall. The result of the first round of the French administrative has sparked the reaction, often lazy, of the mainstream press, which prefers headlines to detailed analysis of the situation. From the results of the first round, … Continue reading

From expansionary austerity to expansionary precariousness: the latest doctrine is another European illusion

Interview with economist Emiliano Brancaccio / Micromega The deregulatory labour reforms of Italy’s new PM Matteo Renzi will fail because it is proven that “more casualisation does not mean more jobs”, argues economist Emiliano Brancaccio. Indeed, ‘the wager on the race to the bottom could bring the wage deflation to the whole of the EU, and deflation … Continue reading

Ukraine, laboratory of future political and social crises in Europe

IN THE RADICAL PRESS / MEMOIRE DES LUTTES By Frederic Lebaron  Illustrating the difficulty, if not impossibility of making predictions in the social sciences, the current events in Ukraine give the impression that history moves a little too fast for observers. The most surprising turnarounds can quickly render obsolete peremptory analyses, and reliable information one … Continue reading

Fast Facts: Gender Social Inequality and Austerity in Europe

Europe’s austerity fetish and longer term neo-liberal reforms promoted by Big Business, Governments and the EU Commission hurt women disproportionately. Here’s a few facts to illustrate the point.   Europe wide  The gender pay gap is around 16% It ranges from more than a quarter (27%) in Estonia to around a fiftieth (2%) in Slovenia. … Continue reading

Five things you should know about Spain’s bank rescue

The size and the impact of Spain’s humongous bank bail that came in the wake of the 2007-2008 final crisis – caused by the out of control financial sector, including in Spain – is being concealed. Here’s what you should know about it in five points: 1. Losses to the Spanish people from the public rescues … Continue reading

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DATA

Anti-social Europe in numbers

WAGES SLIDE

Key facts and figures on wages across the EU

Wealth Inequality in Europe

Get the key facts and figures

RADICAL VOICES

A different take on European issues

Italy’s Healthcare Crisis

Health services are ‘close to collapse’ in Rome, Turin and Naples after years of cuts and privatisation.

550 days, 29 Workers, Zero Job Losses

How a few determined Italian women stopped their factory closing and protected their livelihoods

Filthy Rich

France's Bernard Arnault of the Louis Vuitton Moet Hennessy (LVMH) empire is worth $41 billion. Check out Europe's rich list

SANTA DRAGHI’S COMING

Private banks receive half-trillion-euro gift from ECB

POPULAR FIGHTBACK

Workers and citizens stand up for themselves

FLORENCE’S BUS LUMACA

Workers are on a go-slow over privatisation

Popular resistance delivers results

Lessons from the victory against Madrid privatisation plan

FRENCH FACTORY OCCUPATION

Hundreds of workers occupied the factory of ArcelorMittal in Florange in the north of France

International Workers Day

International Workers Day 2012

DOMESTIC VIOLENCE

in Italy the home is a very dangerous place to be

LABOUR RIGHTS

Workers down tools over PM Monti's attack on labour rights

FORTRESS EUROPE

Concentration camps and a massive migrant marine cemetery

Subjects

EUROPE NEEDS A CITIZENS’ REVOLUTION

Read the statement by Lafontaine and Melenchon

The Troika in Portugal – Three Years On

A success story?

THE EURO

The Dossier

FRANCE

GERMANY

GREECE

ITALY

PORTUGAL

SPAIN