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EU Fiscal Compact

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Portugal signs ‘a contract to kill the European social model’.

Portugal has become the first European country to approve the EU’s fiscal compact, known to critics as the ‘permanent austerity’ treaty. The country’s parliament made the move Friday, and also approved the European Stability Mechanism – the much derided long-term ‘bailout’ fund. Portugal is one of three eurozone countries to be ‘rescued’ by the EU … Continue reading »

EU fiscal compact would limit the options of governments “forever”, says Portugal’s radical left.

The Left Bloc and Portuguese Communist Party said Thursday that the change to the Portuguese constitution implementing the new EU Fiscal Compact imposed ‘a rule of lead’ on the Portuguese economy and would limit the options of governments ‘forever’. In the debate in parliament ahead of a vote, the Left Bloc’s Ana Drago accused the prime … Continue reading »

Italian senators urged to vote down balanced budget law

Communists demand referendum on EU Fiscal Compact, denounce parliamentarians as ‘thieves of democracy’  A balanced budget law, the fiscal straightjacket being imposed on people across Europe, is set to be given the green light by Italian senators on Wednesday in a move described as ‘financial coup’ by Italy’s communists. Paolo Ferrero, of Communist Refoundation and Federation … Continue reading »

Twitter Updates

  • What happened to too big to fail? RT @ekathimerini Bank concentration continues dlvr.it/24vdxd #greece 17 hours ago
  • RT @ekathimerini Consumers spend less and less dlvr.it/24vf04 #austerityfail #greece 17 hours ago
  • RT @pdacosta: Perverse economics: Greek austerity package draft targets pensions, wages reut.rs/NGd7xJ 17 hours ago
  • #Greece: It's not rhetoric to draw parallels with #Nazism. Independent independent.co.uk/opinion/commen… 1 day ago
  • Oh and the journalists too: No Kathimerini paper Friday due to #strike. ekathimerini: dlvr.it/24ZlWl #greece 1 day ago
  • #Greece: Police, firefighters and coast guard go on #strike over wages, benefits cuts. ekathimerini dlvr.it/24cJkB #austerity 1 day ago
  • #Germany Lufthansa cancels 64 flights as #strike over pay and cost cuts begins Reuters: reut.rs/Q6lOp8 1 day ago
  • #Portugal airport operator posting record profits to be sold off. Reuters bit.ly/OuNvpT #privatisation #plunder 1 day ago
  • RT @portugalnews: #Portugal and a second bailout - FT Alphaville (blog) bit.ly/OuFIIB #austerityfail #grexit 1 day ago
  • #Italy workers #protest planned Alcoa plant closure reut.rs/Q4xPez via @reuters 1 day ago
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