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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

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

Lessons from the victory against Madrid’s hospital privatisation plan

Victory this week against Madrid’s hospital privatisation – and other recent struggles in Spain – shows popular resistance delivers results, says Esther Vivas “Resisting is pointless,” we hear endlessly repeated. “So many years of protest but the crisis continues, why bother?” insist others, inoculating us with apathy and resignation. “Protests could lead to something that’s even … Continue reading

What success? Portugal’s sovereign debt auction just a good deal for the banks

Portugal’s government bond sale this week – the first since January 2013 – was heralded in the national and international press as a storming success, and coming after a similar ‘success’  for Spain’s first big debt auction of 2014 and a ‘popular’ bond sale by Ireland, apparently indicated a sign of a turnaround in the … Continue reading

Europe’s debt – a con-trick binding the people to banks

From this year Italians have a 45 billion-euro–a-year bill to pay under the EU Fiscal Compact, a budgetary straightjacket binding Rome to 20 years of economically and socially lethal spending cuts and tax rises. It’s time to end this vicious cycle of impoverishment, designed for the sole benefit of private banks, and cancel the debt, says Loretta … Continue reading

Bank nationality and the risks of European banking union

Current economic policies are accentuating the differences between the eurozone members. Under these conditions, banking union, rather than protecting the weaker countries, could accelerate the “mezzogiornificazione” of the European peripheries, argues Emiliano Brancaccio A few days ago, the European Parliament approved a bill that will transfer the functions of banking supervision of eurozone member states to … Continue reading

Catalonia: independence from Spain, independence from capitalism

Hundreds of thousands turned out today, September 11, to demand independence for Catalonia. Some decided to surround the Caixa, form a human chain around the largest bank in Catalonia and third largest in Spain, to demand not only independence from Spain, but from capitalism. One of the was Esther Vivas, a left wing activist and … Continue reading

Insider dealing – immoral financial market activities must be quashed and perpetrators punished

“The immorality, opacity and rampant abuse of some actors in the financial sector must be exposed and decisively punished,” Portuguese MEP Marisa Matias told Commissioner Michel Barnier in today’s European Parliament debate on insider trading and market manipulation that took place five years to the week since the collapse of Lehman brothers. “Every day in … Continue reading

Spain’s bank rescue – a blank cheque?

Vincente Clavero The party held by the banks during the years of the housing boom is costing us Spanish blood, sweat and tears. And worst of all, we still do not know the final invoice that we will have to pay. So far, it is running at 850 euros per head, counting only the money … Continue reading

Who’s the Troika really bailing out?

As the Troika prepares to ok the next tranche of its ‘bailout’ to Greece, here’s a reminder about who’s actually being bailed out. Check out this recent research by Attac

Are we Portuguese living beyond our means?

By Jose Manuel Pureza If there wasn’t the Troika there wouldn’t be money to pay salaries or pensions – this assertion is repeated ad nauseam by the heralds of foreign intervention in Portugal. And this is immediately followed by the argument that this is because we have long been living beyond our means, squandering money … Continue reading

The great crime scene of Greece

It wasn’t too difficult picking out the Fat Bastard in the crowd of Russian models, craven moochers and media mavens. Besides, he and I were both desperate for coffee and heading for the same empty urn. By Greg Palast Read on in the Morning Star

The Troika’s Men in Black and the Crime of Organised Money

Continuing to force states to finance themselves at high-interest rates is just a strategy to justify wage control, the privatisation of public services and, ultimately, to enslave peoples, says Juan Torres Lopez Spain has once again received a visit from the so-called Men in Black, the Troika inspectors, coming to elucidate if all is going as … Continue reading

Spain’s bad banking joke

Despite an infusion of tens of billions of euros funded by citizens now left with huge debts and a downsized welfare state, Spain’s nationalised banks are providing fewer loans to the credit-starved economy than private lenders. It’s all a very bad joke, says Vicente Clavero If something clearly reflects the huge bad joke being played … Continue reading

Italian lessons on privatisation

Privatisation has benefitted the very few, leading to massive job losses, delivering a bad deal for consumers and sowing the seeds of today’s financial and economic crisis, and yet the process goes on, says Marco Bersani. In an extract from his new book, Bersani surveys the case of Italy, home of one the world’s largest public … Continue reading

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WAGES SLIDE

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Italy’s Healthcare Crisis

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

NO TO WATER PRIVATISATION

99% of the 167 000 Madrilenos who signed a petition rejected the sell off local water company

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

Massive Spanish protest

Half a million take to the streets over labour market deregulation

FRENCH FACTORY OCCUPATION

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

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International Workers Day 2012

RSS Hate Crimes in Europe

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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

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Concentration camps and a massive migrant marine cemetery

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