By Jose Manuel Pureza If there wasn’t the Troika there wouldn’t be money to pay salaries or pensions – this assertion is repeated ad nauseam by the heralds of foreign intervention in Portugal. And this is immediately followed by the argument that this is because we have long been living beyond our means, squandering money … Continue reading
Dividend payouts in France increased seven fold over the past two decades, new figures show, underlining widening inequality of wealth in Europe’s second largest economy. Over the same period workers got very little of this wealth that they had created, with wages rising by around a third. An astonishing 550 billion euros was handed out to … Continue reading
‘The odds of being a NEET, on low pay, or a school failure are clearly related to social origin. Living longer after retirement, the probability of being unemployed or the loss of purchasing power varies significantly by social class. Women who only have access to low-skilled jobs do not have the same family or work … Continue reading
Here’s a provisional ranking of the top paid private sector executives in 2012 in Italy, based on data published so far by some of Italy’s top companies, most of them banks, including one – Monte dei Paschi - embroiled in a huge scandal Luigi Francavilla, president, Luxottica Srl, €18 million John Perissinotto, ex-CEO, Generali, €11.5 million … Continue reading
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
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
Forget ageing – capital’s class war against labour is behind the crisis in pensions and welfare worldwide, says Vincent Navarro Thomas Malthus was an economist who believed that the resources of the planet were limited, fixed and constant. Hence he believed that the growth of the population would reach a level that there would not be … Continue reading
This year’s Forbes’ billionaires list shows a super rich elite getting richer as most European citizens get poorer A tiny elite are getting richer, the rest of us are getting poorer. This is a familiar story in a world where greed and extreme wealth are central to the dominant capitalist system, and its periodic crises, … Continue reading
Women are disproportionally affected by austerity cuts because they are society’s main carers, and the main users of public services and welfare recipients, where there have been heavy reductions in budgets; they predominate in low paid, insecure employment, which is expanding, facilitated by labour counter-reforms; because they are heavily employed in the public sector where … Continue reading
A recent opinion poll revealed that most Germans think top managers in the country’s big companies are paid too much. Three out of four Germans say pay packets were too large… Read on at Left Foot Forward
By Carlo Formenti In Italy and elsewhere in the West universities are returning to their old role of supporting the generational renewal of the ruling classes. The data released in recent days on the apocalypse facing Italian universities is impressive: 58,000 fewer students (down 17%) compared to ten years ago, while the number of lecturers has … Continue reading
Belgian feminists have called on MPs to reject ratification of new budgetary rules that will ‘aggravate inequalities between the sexes’. Belgium is due to decide on whether to sign up to the Treaty on Stability, Coordination and Governance (TSCG), or EU fiscal compact, that came into force on 1 January this year in 12 out of … Continue reading
How French bosses want sacrifices from pensioners, but more for themselves. My piece in Liberal Conspiracy Blog http://liberalconspiracy.org/2013/01/19/how-french-bosses-want-sacrifices-from-pensioners-but-more-for-themselves/
French car maker Renault is making its workforce pay for the extreme austerity policies of the French and other EU governments and its multi-billion-euro largesse to shareholders. It aims to cut 7,500 jobs – or 14% of the payroll – in France by 2016, citing falling demand, caused by spending cuts hitting purchasing power across … Continue reading
In France and in Europe, Poverty and Inequality Grow As Unemployment Rises. More in Humanite