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3 recent events in Catalonia and Spain and what they mean

Vicenç Navarro analyzes the situation in Catalonia and Spain, looking at three recent events of great significance Earlier this month there were three events that symbolize the situation in Spain. 1. The Death of Emilio Botín One event was the death of Señor Emilio Botín, and the huge media exposure in the wake of this event, … Continue reading

The sad future of Ana Patricia Botín 

Juan Torres López All biographical notes on the new chair of Banco Santander agree on virtually the same thing: the person who has succeeded Emilio Botín in the same fashion that one inherits a crown is extraordinarily qualified, very intelligent, highly educated and knows perfectly the business of the financial institution over which she will preside. It … Continue reading

New bank, old fraud

Plans have been announced to ‘rescue’ Banco Espirito Santo  by splitting it into a “good” and “bad” bank and loaning it €4.9bn from the European bailout fund in an operation that will leave the liabilities with the Portuguese people. Rui Tavares of the Left Bloc argues it doesn’t have to be this way Portugal has witnessed … Continue reading

The fall of Ricardo Salgado, a Portuguese oligarch

A Portuguese oligarch has been arrested and his historic Espírito Santo business empire is falling apart. Can the fall out be ‘contained’?  Ricardo Espírito Santo Silva Salgado is known in Portugal as “Dono disto tudo,” or “Owner of everything.’ The oligarch’s family has been calling the shots in the country for over a century. It’s the largest shareholder of the … Continue reading

Rajoy lied, the Spanish people will pay for the bank bailout

By Manel García Biel By now we can clearly define Mariano Rajoy as a politician who has based his policies on lies. The clearest example is the bank bailout. Right from the outset. Spain’s PM and his ministers ruled out the word rescue. For them it was a loan, “under very good terms.” Rajoy said that it was … Continue reading

The Plot to Topple Berlusconi

Much as many were relieved to see the back of Silvio Berlusconi as Italy’s PM during the height of the Eurozone crisis in 2011, the revelations by Tim Geithner should have all democrats including those on the Left deeply worried. EU officials approached the former US Treasury Secretary in November of that year with a plan to overthrow the billionaire … Continue reading

The recovery is a bluff

By Alfonso Gianni It may well be that this is a coincidence, but there are many who doubt it, including the leader writers of Italy’s financial daily Il Sole 24 Ore. The fact is that many economic indicators suddenly seem to indicate, exactly one month before the European elections, brighter prospects. The simplest hypothesis, and … Continue reading

Banking Union – The Big Fix?

Last week, MEPs finally signed off on European banking union. This, we are told, is the big fix to the out of control banking system that caused the 2008 economic meltdown that has rocked Europe ever since. The narrative is, as Reuters  puts it, ‘unlike in the United States, where regulators and the central bank acted promptly … Continue reading

The great private pensions fraud

Fresh from implementing reforms of its pension system Mariano Rajoy’s Spain is now preaching the merits of its pro-market policies to the rest of Europe, backed by the Troika. But state pension cuts and the virtues of private insurance-based schemes are built on myths that serve financial capital, argues Vicenç Navarro There’s been a constant onslaught by banks and … 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

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

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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?

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