John Weeks: The EU Recovery That Never Was. Economic recovery in the Eurozone is not delayed. It is non-existent. The Financial Times for the first day of October carried several articles assessing the European economies, written as if a prize would go to the most pessimistic — stagnation and decline of EU manufacturing, the European […]

Renzi budget has business ‘dreaming’ and unions worried – English – ANSA.it. CGIL and FIOM metalworkers rally for jobs Redazione ANSA Rome 14 October 2014 (ANSA) – Rome, October 14 – Italy’s employers on Tuesday hailed Premier Matteo Renzi’s forthcoming 2015 budget bill as a dream come true while Italy’s largest CGIL labor federation slammed […]

Germany needs ‘small miracle’ to avoid recession after exports fall by 5.8% | Business | The Guardian.   The fall in exports comes as sanctions between Russia and Europe and a flagging economy in the wider eurozone take their toll on Germany. Photograph: Frank Augstein/AP German exports suffered the biggest monthly fall in more than […]

Five charts that show Germany is heading into recession | Business | theguardian.com.   Germany is on brink of recession Photograph: Bloomberg/Bloomberg via Getty Images Germany is on the brink of recession. Recovery in Europe’s powerhouse went into reverse in the second quarter when the economy shrank by 0.2%. All the evidence suggests the weakness […]

Austerity has been an utter disaster for the eurozone | Business | The Guardian.   Austerity has been an utter and unmitigated disaster, which has become increasingly apparent as European Union economies once again face stagnation, if not a triple-dip recession. Photograph: Vladimir Rys/Getty Images “If the facts don’t fit the theory, change the theory,” […]

Front National wins seats in French senate for first time | World news | The Guardian. Marine le Pen hailed her party’s success as ‘an absolutely historic victory’ and a ‘breath of fresh air in a rather sleepy chamber’. Photograph: Phililppe Huguen/AFP/Getty Images The far-right Front National (FN) scored a historic victory in elections to […]

Free-market era in Sweden swept away as feminists and greens plot new path | World news | The Observer. For a man who is a near-certainty to become Sweden‘s prime minister after today’s general election, Stefan Löfven has had a miserable campaign. In his latest misstep, Löfven, a burly union leader, was accused last week […]

Spain prepares for an autumn of discontent by buying €1bn of riot gear | World news | The Guardian. The Spanish government is readying itself for an autumn of discontent, spending nearly €1bn on riot gear for police units as disparate protest groups prepare a string of demonstrations. Since June, the interior ministry has tendered […]

Eurozone fears of stagnation grow as France and Italy suffer | World news | The Observer.   Francois Hollande and Paris’s mayor, Anne Hidalgo, at a ceremony on 25 August marking the 70th anniversary of liberation. Photograph: Joel Saget/AFP/Getty Images François Hollande removed his government’s leading anti-German, anti-austerity leftwinger last week. By the following day […]

Why Italy’s stagnation could be the future for the entire eurozone | Riccardo Bellofiore | Comment is free | theguardian.com.   This summer Italy fell into a triple-dip recession. After the 2008/09 collapse, the economy stagnated, heading back into recession during 2011 and never really recovering. The philosophy of Giulio Tremonti, who was the economic […]

An austerity revolt has broken the French government. Will the EU follow? | John Palmer | Comment is free | theguardian.com. If there were any lingering doubts about the seriousness of the crisis hanging over the future of the euro – and potentially of the European Union itself – the shock announcement of the dissolution […]

Merkel seeks Spanish support for unpopular austerity measures | In English | EL PAÍS. German Chancellor Angela Merkel traveled to Spain on Sunday for a two-day trip aimed at securing Spanish support for her austerity policies, now under fire in the European Union. In return, Spanish Prime Minister Mariano Rajoy is seeking Merkel’s help to […]

EU Advisors Advocate use of Military Against Strikes and Protests | Global Research.   Experts at a European Union (EU) think-tank are demanding that the EU prepare to put down strikes and protests with military force. Due to the deepening social inequality in a globalised economy and growing military conflicts within the EU’s borders, such […]

Is America an Oligarchy? – The New Yorker.   From the Dept. of Academics Confirming Something You Already Suspected comes a new study concluding that rich people and organizations representing business interests have a powerful grip on U.S. government policy. After examining differences in public opinion across income groups on a wide variety of issues, […]

Upstart party Podemos emerging as third political power, says new poll | In English | EL PAÍS. New party Podemos has taken a further step toward becoming the third power on the Spanish political scene, according to the latest opinion poll from the Center for Sociological Research (CIS). The group – which was the surprise […]

Italy in period of stagnation – Istat – English – ANSA.it. (ANSA) – Rome, July 31 – Italy’s recovery from its longest postwar recession is turning out to be harder than expected and the country’s economy is currently enduring a phase of “stagnation”, national statistics agency Istat said Thursday. Italy posted positive growth for the […]

Youth unemployment reaches record high – English – ANSA.it. (ANSA) – Rome, July 31 – Unemployment among young Italians climbed last month to 43.7%, a level not seen in 37 years, according to statistics Thursday that presented further evidence of the continuing weakness in the country’s lackluster economy. The jobless rate among Italians aged 15 […]

Greek court acquits farmers who shot 28 Bangladeshi strawberry pickers | World news | theguardian.com. A Greek court’s decision to acquit local farmers who admitted shooting 28 Bangladeshi strawberry pickers when they dared to ask for months of back pay has sparked outrage in the country. Politicians, unionists and anti-racist groups roundly condemned the verdict […]

Originally posted on Michael Roberts Blog:
The latest data on employment, earnings and prices in the UK confirm that the cost of living crisis continues, despite the claims of the Conservative-led coalition government. By cost of living crisis, we mean that the average earnings of Britons are not rising as fast as prices in the…

The Radical Left at the 2014 EP Election – Transform Network. The publication of the final results of the 2014 European Parliament (EP) election of 22-25 May finally permits to draw a first assessment of the performance of the radical Left.[1] By Paolo Chiocchetti The election marked an important electoral advance for this party family, which won […]

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