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sovereign debt

This tag is associated with 19 posts

Portugal: contra o programa de agressão!

Against impoverishment and injustice, against the programme of aggression! For jobs, wages, pensions and social rights! These are the slogans that will accompany tens of thousands expected on a march in Lisbon and Oporto today to protest against IMF imposed austerity and privatisation programme. The demonstrations, called by the CGTP, the country’s largest trade union central, … Continue reading

Spain’s ‘neo-liberal coup d’etat’

 Spain’s lower parliament has passed draconian legislation enforcing a “balanced budget”. The law, proposed by the governing Socialists and supported by the right-wing opposition Popular Party, is now expected to be passed without delay in the Senate. The law calls for a balanced long-term budget to be enshrined in Spain’s constitution, allowing for the deficit … Continue reading

“It’s not a crisis, it’s the system”

By Tom Gill  “No es una crisis, es el sistema! (“It’s not a crisis, it’s the system”): this was the key message the indignados sent to their politicians as they returned in their tens of thousands to the centre of Madrid last weekend. Hundreds had arrived after a month long journey on foot from 50 odd towns … Continue reading

Yet another Socialist Government bites the dust

By Tom Gill  Yet another European socialist party has bitten the dust as Portuguese voters punished the Government of prime minister Pedro Socrates for the country’s economic crisis. The country is now in the hands of the right-wing PSD – which garnered 38.6 percent, resulting in 105 seats in the 230-seat national parliament – and … Continue reading

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