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nationalisation

This tag is associated with 4 posts

Italy’s new privatisation drive is Thatcherite madness

 By Giorgio Cremaschi This week Italy’s government launched its privatisation plan, ostensibly to boost the economy. This is a thoroughly reactionary operation. In 2008, with the start of the Great Depression, the ultra-liberal economic model launched in the early ’80s by Reagan and Thatcher failed. Since then, countries have broadened the scope of their intervention … Continue reading

Spain’s bad banking joke

Despite an infusion of tens of billions of euros funded by citizens now left with huge debts and a downsized welfare state, Spain’s nationalised banks are providing fewer loans to the credit-starved economy than private lenders. It’s all a very bad joke, says Vicente Clavero If something clearly reflects the huge bad joke being played … Continue reading

Winners and losers in Spain’s financial crisis

By Manel García Biel The Spanish financial system crisis was caused by the over-indebtedness of financial institutions resulting from over-exposure to real estate which went boom and then bust. To deal with this financial crisis Spain implemented ‘reforms’ , paving the way for the country to obtain a bailout from the EU of 100 billion euros. … Continue reading

Creating a sustainable future for Spain’s mining communities

The miners have taken to the streets because the Popular Party government is not fulfilling its commitments to the mining sector under a five-year Plan for Coal agreement signed between government and unions last year. Aid to mining companies in this year’s budget was cut to 111 million euros from 301 million euros in 2011. These … Continue reading

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