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New network of economists launches European rescue plan

A new European Progressive Economists Network has launched a radical plan to rescue the Continent from austerity and the terror of finance with a democratic and green model of development that brings the banks under social control and promotes public services. The network includes Belgium’s Econosphères, Spain’s Econonuestra, France’s Economistes Atterrés and Italy’s Sbilanciamoci! and … Continue reading

Four fairer ways for Portugal to close budget gap

The Portuguese government has caused outrage by proposals to raid the incomes of workers through a massive hike in social security contributions. This was massively unfair given the heavy burden already placed in a string of previous austerity budgets on middle and low incomes in the country and especially because it came as social security … Continue reading

Financial Transaction Tax plan a timid first step, say European Left MEPs.

The proposal for a financial transaction tax (FTT) is the first sign that speculation won’t go unpunished European Left MEPs told the European Parliament Wednesday ahead of debate on Common system for taxing financial transactions ended with a majority (of 487) voting to back the FTT.  More  

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