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labour reform

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Wealth inequality in Spain deepens as poorest get poorer and corporate profits soar, new figures show

An analysis of tax data in Spain shows how austerity and labour market counter-reforms have slashed the wage share of the country’s wealth to new lows while corporate profits have soared. The findings by economist Gabriel Flores published in online newspaper Nueva Tribuna are: Labour income has declined as a proportion of GDP from 50% … Continue reading

Growth and jobs: the propaganda of the Italian government

Italy’s growth and industrial production are rising, official unemployment is falling and the government is celebrating, but the overwhelming majority of new hires are temporary and part-time. Giorgio Cremaschi on how ‘reforms’ have swollen the Italian precariat. Matteo Renzi and Paolo Gentiloni – the former the predecessor to the latter as Italian PM – boast … Continue reading

Spanish unions, opposition slam ‘barbaric’ IMF recommendations for ‘reform’ 

The IMF has urged Spain to continue its neo-liberal reforms, in an indication of concern that elections in the fall could deliver a more progressive government than the current regime of Mariano Rajoy. It is calling for the part-privatisation of health and education, through ‘co-payments’ for services. It also wants to see further deregulation of … Continue reading

Growth? With dole queues growing again, very few in Spain will notice

Spain’s Prime Minister Mariano Rajoy, under whose tenure unemployment jumped to a record high of 6 million people out of work, has made job creation the centrepiece of his campaign for re-election campaign later this year. But in contrast to positive growth signals, the latest jobs figures confirm a catastrophic record, argues Vicente Clavero For … Continue reading

France’s Loi Macron: the consecration of archaeo-liberalism

This week France’s government forced a controversial deregulatory economic bill through parliament by decree, provoking a confidence vote and further splits within the ruling socialists, with rebels including former minister Benoît Hamon. Drafted by a one-time investment banker and designed to win respite from the German-led EU over draconian deficit reduction demands, it has been pursued in the name of … Continue reading

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