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This tag is associated with 29 posts

Swedish lessons? Interpreting the recent elections

It is difficult to conceive that those responsible for the crisis, implementing measures that created the crisis, are the answer to it. Yet they’ll have us believe these are the lessons from the Swedish elections. Is this so, asks Francisco Louçã A little over a week ago, the Swedish elections produced a slim majority for a … Continue reading

Fiscal stimulus or monetary laxity: Germany must choose 

By Duval Guillaume In Europe, ever more monetary laxity is necessary because Germany refuses fiscal stimulus, even though the latter approach is preferable. On 4 September the European Central Bank (ECB) not only lowered again the interest rate at which it lends to banks to 0.05%, but it has also launched a major programme of … Continue reading

How much does capital cost? A new index is in making

We’ve heard a lot of about the cost of labour, which is blamed for the crisis. But how much does capital cost? The CGT trade union has launched a project to find out – and aims to use it as a tool in the struggle for a better world at the service of human beings, not profits. … Continue reading

French PM Valls ploughs on with stability plan but at what price?

By Guillaume Duval Despite the political thunder of the European elections of 25 May, France’s President and Prime Minister chose the moment to stay the course of their “stability program” presented a month earlier to the National Assembly and approved by it after a fraught debate. This document, submitted to the European authorities, describes the … 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

The ECB and Europe’s deflationary spiral

IN THE RADICAL PRESS / IL MANIFESTO by Thomas Fazi* The latest figures from the European Central Bank are clear, and rubbish the rhetoric of “recovery” : the Eurozone is now on the brink of deflation. As one can easily deduce, if inflation indicates an increase in the prices of goods and services, deflation indicates … 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

A Gathering Storm: Eurozone in 2014

Is Europe’s single currency bloc stabilising? Behind the current picture of calm storm clouds are gathering, says French economist Jacques Sapir, in this recent interview with Greek newspaper Kefalaio (Capital) Kefalaio: What is your reaction to the image of stability in the Eurozone promoted by European leaders? What are the possible ruptures (eg in the case … Continue reading

Manufacturing consent: Economic thought control in France

From time to time, the question is understandably posed, why if austerity and neo-liberal policies are so patently failing in Europe, has there not been more of a challenge to them. Well one simple answer lies with economists, the experts who ought to know if the policies of cuts, deregulation, privatisation and so on, are … Continue reading

The recovery will come, but it will not redress the social imbalance

By Fondazione Condividere For a few weeks now I have seen many senior figures in Italy’s Letta government, but also European institutions, waving their arms to indicate the arrival of an imminent recovery in the horizon, with the same anxiety of Tom Hanks in “Cast Away” when waiting for the ship that will save him … Continue reading

Questioning the future of the euro is no longer un-PC

IN THE RADICAL PRESS / MEMOIRE DES LUTTES By Frédéric Lebaron A debate is raging among economists and French leftist intellectuals on the future of the eurozone and the relevance of a national strategy to exit from the single currency. The conversion of leading French economists to this strategy (of which Frédéric Lordon is the … Continue reading

The German elections will not change a thing in the Eurozone

Interview with Italian economist Emiliano Brancaccio ‘As far as austerity is concerned, even after the September elections Germany will not turn the page. The Germans have benefited from the crisis, and even if the Bundesbank itself has reservations about the general direction of European economic policy, Berlin has no interest in changing course.’ So says … Continue reading

Unravelling the spin: a guide to corporate rights in the EU-US trade deal

This week saw the start of the first round of negotiations for a far-reaching transatlantic trade deal. In the face of growing opposition to plans for expanded corporate powers in the proposed pact, the European Commission is trying to dispel concerns with propaganda. See through the rosy PR with Corporate Europe Observatory’s guide to investor-state … Continue reading

The political battle for full employment

By Juan Torres Lopez 70 years ago a very important Polish economist, Michal Kalecki, published an article (Political aspects of full employment) that I think has a great relevance today, particularly this May Day. Kalecki started out by recognizing that when he wrote that a substantial majority of economists believed that, even in a capitalist … Continue reading

Poverty scares us, but inequality outrages us

By Edmundo Fayanas Escuer Spanish Caritas has just published a new report (FOESSA) with data for 2012. The outlook is bleak and should mark a turning point for us all to do something to end this social disaster caused by these neoliberal policies imposed by the European Union and which here in Spain are executed … 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

DOMESTIC VIOLENCE

in Italy the home is a very dangerous place to be

LABOUR RIGHTS

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EUROPE NEEDS A CITIZENS’ REVOLUTION

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The Troika in Portugal – Three Years On

A success story?

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