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euro

This tag is associated with 44 posts

Euro, Europe and peace

One of the most well used arguments to criticize anything that directly or indirectly relates to a dissolution of the Euro (be it Grexit or other assumptions) is that this would significantly weaken the European Union or cause its dissolution. In saying this, those who defend this argument move seamlessly from an analytical finding (a … Continue reading

Spain’s jobs crisis will endure as long as we are in the euro 

By Juan Torres López A crucial question for the Spanish economy is why we suffer a level of unemployment that is much higher than the rest of the economies that surround us.  Obviously, it is a question with no simple unequivocal answer, for surely there are many factors that make our unemployment so high and … Continue reading

The costs and benefits of Grexit

Emiliano Brancaccio and Gennaro Zezza You cannot say that between 2010 and 2014, Greece has not “done their homework” assigned by the Troika. The tax burden has grown by five percentage points of GDP, public spending has fallen by a quarter and wages have fallen by twenty percentage points. The European Commission has always maintained … Continue reading

The Eurogroup-Greece Agreement

By Jacques Sapir The agreement reached Friday, February 20th between Greece and the Eurogroup has led to conflicting commentary. It is necessary, in order to understand this agreement, and to analyze it, to put it into context, both in the short and in the long term. This agreement was intended to prevent an immediate crisis, … Continue reading

A new ‘fiscal’ currency to tackle the Eurocrisis, from Greece to Italy

Enrico Grazzini To overcome the crisis the new Greece’s Minister of Finance Yanis Varoufakis is considering a new national ‘fiscal’ currency to that proposed for Italy by myself and my colleagues Luciano Gallino, Biagio Bossone, Marco Cattaneo, Guido Ortona, Stefano Sylos Labini (Helicopter Money per l’Italia: uscire dalla crisi con l’emissione di nuova moneta statale-fiscale complementare … Continue reading

3 Greek myths  

By Vincente Navarro Dominant economic thinking, that is, neoliberalism, constantly uses lines of argument to create moods that make its proposals –  always involving sacrifices by the masses – more tolerable and acceptable. These arguments are repeated in the mass media to the point they become the conventional wisdom. That is, the “platitudes” promoted by the … Continue reading

The German Chancellor and Grexit

By Jacques Sapir A Greek exit from the Euro, following the election on 25 January, is no longer unthinkable, Chancellor Angela Merkel admitted in the German weekly “Der Spiegel” on Saturday.  This is an important statement, which can be analyzed in two different ways, neither of which are opposed to the other. The first reading … Continue reading

Without a national currency there is no democracy

Enrico Grazzini explains how Italy can save itself from Euro death Europe, and especially in Italy, is still struggling to understand the crucial value of money in the economy, politics and democracy. Unfortunately, the error is shared by much of the left. Everyone understands (at least apparently) that there is no political democracy without a democratic … 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

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

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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

Read the statement by Lafontaine and Melenchon

The Troika in Portugal – Three Years On

A success story?

THE EURO

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