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This tag is associated with 36 posts

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

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

Pro-euro extremism is favouring the Gattopardi

Would Euro-break up trigger an economic catastrophe so violent as to lead Europe to the brink of war? This is just scaremongering according Emiliano Brancaccio, who argues that defenders of monetary union on the Left are encouraging the growth of the most reactionary and xenophobic forms nationalism. A proper discussion on the eurozone crisis requires first … Continue reading

The EU is a new form of colonialism – it’s time to break free

Spain has a future but it means breaking with the Eurozone and EU institutions, argue Hector Illueca and Adoración Guamán The economic crisis affecting our country and the austerity policies imposed by the troika (European Commission, European Central Bank and International Monetary Fund) are leading to an increasingly evident social fracture. Astonished citizens observe 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

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

What now for Francois Hollande?

By Jacques Sapir The French government has just been forced into two setbacks – on the retroactive tax on savings accounts and the environmental tax. These two measures have crystallized a latent discontent, and the retreat on the environmental tax is particularly symbolic. This is all happening in seriously depleted political conditions. But the decision to postpone the … Continue reading

Uniting the anti-Euro left and right

Interview with Jacques Sapir You were among the first European economists to highlight the damage caused by the euro and called for it to be disbanded. In one of your latest analyses, you wrote that it is the Euro’s demise is now inevitable. In your view, how long will it be before that happens and … 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

Democracy or the Euro?

According to the German Constitutional Court it is not acceptable that “the most important decisions at European level be negotiated in anonymous corridors of the Brussels bureaucracy.” In Italy too, we should ask ourselves whether it is right that economic policy is torn from popular sovereignty and dictated by foreign countries and international financial oligarchies. … Continue reading

Why Hollande’s plan for more Europe is bad

French President Francois Hollande wants us to believe that further European integration would fix the crisis. This is a bad strategy, for there’s no social dimension to Europe, just neo-liberalism. Eric and Guillaume Etievant Coquerel of the Left Party say France must stand up to Germany to change the future direction of the Old Continent. Francois … Continue reading

Eurocrisis: why northern Europe should be celebrating

According to legend, the bailouts of countries of Europe’s south have been costly for Germany and other northern countries such as Finland, Austria and Holland. Hence their obsession with policies of ‘rigor’ and deficit reduction. The truth is that they have earned tens of billions of euro from the south. Maurizio Ricci shows how. Someone – possibly Angela Merkel … Continue reading

Eurozone: A step closer to the precipice

Why Merkel has no choice to pursue austerity in Europe, despite its catastrophic social and economic consequences. And to save Europe, the Eurozone must be ditched. By Jacques Sapir  Thanks to the combined effect of austerity policies, the Eurozone is sinking into crisis. Yet never have debates on economic policy been so intense. Political leaders, both Germany … 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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Subjects

EUROPE NEEDS A CITIZENS’ REVOLUTION

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The Troika in Portugal – Three Years On

A success story?

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