This tag is associated with 6 posts

Beating the rip off supermarkets – French style

Supermarkets squeeze small farmers while ripping off consumers to fill the pockets of shareholders and pay huge salaries to executives. It is a familiar story. In France last week, unions and the Communist Party, were out in town squares and public places as part of a campaign to fight back. In Paris and in 25 … Continue reading

Has the global banking crisis struck Italy?

Monte dei Paschi’s woes are being manipulated to complete banking privatisation Italy’s banks have been seen as pretty immune to the banking crisis affecting other European countries. But there’s a gathering storm facing the world’s oldest bank, Monte dei Paschi di Sienna, which has been revealed to have hidden enormous losses linked to derivative trades. The … Continue reading

Four Myths about the Euro

The debate on Europe’s Single Currency is based around a number of myths. Here’s four of them busted   The euro was supposed to be a catalyst for growth, principally on the basis of the theory that by abolishing national currencies there would be lower transaction costs across this vast market. But that’s not happened, … Continue reading

ECB plan is to rescue German banks not Spain, says radical left

The European Central Bank’s bond-buying programme is actually a German banking rescue not a rescue of the Spanish people, United Left economic spokesman, Alberto Garzón, said Thursday. It was important to know the conditions of the ECB’s programme, to know how much Spanish citizens will have to pay to save German banks, argued Garzón, La Nueva Tribuna reported. … Continue reading

They gambled, the banks won, the citizens lost

By Joan Pere Enciso i Rodriguez One of the main neoliberal economic policies implemented over the past decades has been liberalizing the domestic and international financial system. One of the key planks of this policy was less regulation and less control: goverments’ allowed capital to move without any control and they lost  control about where taxes … Continue reading

‘Rebel’ against Madrid, Spain’s regions are urged

Spain’s regional governments should ‘rebel’ against demands by Madrid for further cuts to schools and hospitals, says the Communist-led United Left. The 17 ‘autonomous’ regions of Spain, who spend 37% of the total outlay by the public purse and are responsible for budgets on education, health and social services, are facing an unprecedented financial squeeze … Continue reading

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