//
archives

banks

This tag is associated with 67 posts

A Week in Revolting Europe

This is a weekly round-up of news, comment and analysis from Revolting Europe blog, plus our selection of the stories, photos and videos on the web. Click here A Week in Europe – Archive 2013 Friday May 10     Friday May 3     Friday April 26  Friday April 19    Friday April 12    Friday April 5  … 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 »

Margaret Thatcher: the architect of Europe’s crisis

Thatcher introduced to Europe the economic and political model that is now destroying it. Here’s some dedications from critics (from the European mainland) of the late British prime minister, who has received such lavish, and unwarranted praise, in recent days.  French Communist Party: For some she put an end to the “monopoly” of the unions, she … Continue reading »

Spain’s police union slams Government’s ‘barbaric’ orders over eviction campaigners

In Argentina, escraches were people who organized demonstrations outside the homes of people associated with the dictatorship. In Spain, this term has been borrowed by the Platform for Mortgage Victims (PAH), to apply pressure in favour of a Popular Legislative Initiative on evictions, with some protests being held outside the homes of the leaders of … Continue reading »

The Cyprus crisis and the ECB’s Darwinian turn

The Eurozone’s central bank is taking advantage of the Cyprus crisis to pursue European banking union through an open contest between the strongest and weakest countries, argues Emiliano Brancaccio We still do not know the outcome of the banking crisis in Cyprus but we can already draw some lessons from it for the future. Many … Continue reading »

Cyprus: European oligarchs must pay

Governments can and should impose a tax on the wealth of the super-rich to help resolve Europe’s banking crisis, says Attac Cyprus is experiencing a banking crisis of Irish or Icelandic proportions: a bankrupt banking system, which the European Union is demanding taxpayers bail out. Ireland and Iceland took radically different decisions, one favourable to … Continue reading »

The Cyprus experiment

by Daniel Albarracín Desperate Cypriots will today only be able to take out 1,000 euros from ATMs . They know they will soon have to pay a “financial solidarity tax”, taken from their savings to rescue the private banking system. And to protect all those international creditors, so they can still receive money for debts … Continue reading »

Land for those who work it

By Esther Vivas The land is a source of wealth for a few, here and on the other side of the planet. In Spain, the housing boom has left a legacy of ruinous urban development, airports (almost) without airplanes, ghost towns, huge, obsolete infrastructure projects… And in the global South, the desire to profit from the … Continue reading »

Spain’s evictions, the ECJ ruling and the banking lobby

By Vicente Clavero The two main parties in Spain, the Socialists and the Popular Party, should hang their heads in shame because it took a decision from overseas to fix our legislation on evictions. Legislation, which, since the beginning of the crisis, has been used by banks to seize the homes of half a million … Continue reading »

Corruption and how to fix it

Footloose, unaccountable global finance, privatization and a justice system that’s soft on white collar crime: these are the roots of the rising tide of sleaze in Spain and elsewhere. Governments must stop providing the corrupt with the weapons to commit their crimes says Juan Torres López Corruption is an old phenomenon and is spread throughout the … Continue reading »

Spanish firefighters refuse to be ‘puppets of the banks’

Spanish firefighters are refusing orders to participate in evictions because their duty is to “serve the public ” and intervene in “emergencies” and not to be “puppets of the bank or its servants in the government”. Firefighters in Galicia, Catalonia and the Madrid region have rejected any action that “contributes to inequalities and miseries suffered … Continue reading »

Winners and losers in Spain’s financial crisis

By Manel García Biel The Spanish financial system crisis was caused by the over-indebtedness of financial institutions resulting from over-exposure to real estate which went boom and then bust. To deal with this financial crisis Spain implemented ‘reforms’ , paving the way for the country to obtain a bailout from the EU of 100 billion euros. … Continue reading »

How Iceland liberated itself from finance

It is possible to cut finance down to size and emerge from the crisis. To make the banks pay without falling foul of European rules. And even to convince the IMF of its strategy. Giacomo Gabbuti looks at the lessons from Iceland While they were turning off the lights at that circus that is Davos, Iceland … Continue reading »

Has the global banking crisis struck Italy?

Monte dei Paschi’s woes are being manipulated to complete banking privatisation Italy’s banks have been seen as pretty immune to the banking crisis affecting other European countries. But there’s a gathering storm facing the world’s oldest bank, Monte dei Paschi di Sienna, which has been revealed to have hidden enormous losses linked to derivative trades. The … Continue reading »

Twitter Updates

Enter your email address to follow this blog and receive notifications of new posts by email.

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.

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

WORKERS FIGHTING BACK

Arménio Carlos of CGTP led a general strike in Portugal on March 22

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

International Workers Day 2012

International Workers Day 2012

DATA

Anti-social Europe in numbers

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

Archives

Subjects

EUROPE NEEDS A CITIZENS’ REVOLUTION

Read the statement by Lafontaine and Melenchon

PM Rajoy One Year On

Spaniards are not impressed

FRANCE

GERMANY

GREECE

ITALY

PORTUGAL

SPAIN

THE EURO

The Dossier