Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian

Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian. The full extent of the Bank of England’s emergency action to prevent the collapse of the banking system is revealed on Wednesday as it releases previously secret documents detailing its frantic day to day efforts to prop up high … More Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian

Corrupt Spanish politics faces shock therapy from an angry electorate | Miguel-Anxo Murado | Comment is free | The Guardian

Corrupt Spanish politics faces shock therapy from an angry electorate | Miguel-Anxo Murado | Comment is free | The Guardian.   Being “between Pinto and Valdemoro” is an old Spanish saying that refers to being in trouble. Now with the number of politicians being investigated for corruption in Spain nearing 2,000, including the mayor of … More Corrupt Spanish politics faces shock therapy from an angry electorate | Miguel-Anxo Murado | Comment is free | The Guardian

Unions incensed after ‘surreal’ meeting – English – ANSA.it

Unions incensed after ‘surreal’ meeting – English – ANSA.it. (ANSA) – Rome, October 27 – The leaders of Italy’s four main labor union federations were incensed Monday after a meeting with government ministers, ostensibly to discuss the government’s proposed 2015 budget, turned out to be what they said was a one-sided exercise. The government sent … More Unions incensed after ‘surreal’ meeting – English – ANSA.it

Germany needs ‘small miracle’ to avoid recession after exports fall by 5.8% | Business | The Guardian

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 … More Germany needs ‘small miracle’ to avoid recession after exports fall by 5.8% | Business | The Guardian

Five charts that show Germany is heading into recession | Business | theguardian.com

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 … More Five charts that show Germany is heading into recession | Business | theguardian.com

Front National wins seats in French senate for first time | World news | The Guardian

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 … More Front National wins seats in French senate for first time | World news | The Guardian

EU Advisors Advocate use of Military Against Strikes and Protests | Global Research

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 … More EU Advisors Advocate use of Military Against Strikes and Protests | Global Research

Italy in period of stagnation – Istat – English – ANSA.it

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 … More Italy in period of stagnation – Istat – English – ANSA.it

Youth unemployment reaches record high – English – ANSA.it

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 … More Youth unemployment reaches record high – English – ANSA.it

It’s Time To Stand Up To Troika Austerity Part II

It’s Time To Stand Up To Troika Austerity Part II. Thomas Fazi In the first part of this article I looked at the mounting evidence against austerity by organisations as varied as Caritas, the ILO, the Council of Europe and the IMF. So why is the European establishment pushing for more of the same? Social and economic … More It’s Time To Stand Up To Troika Austerity Part II

Thomas Fazi: It’s Time To Stand Up To Troika Austerity Part I

Thomas Fazi: It’s Time To Stand Up To Troika Austerity Part I. In my book, The Battle for Europe: How an Elite Hijacked a Continent – and How We Can Take It Back, published some months ago by Pluto Press, I argued that the austerity policies imposed on European member states (especially those of the … More Thomas Fazi: It’s Time To Stand Up To Troika Austerity Part I

Capital, Labour, and the Eurozone Crisis

Most of the coverage regarding the Eurozone crisis has understandably focused on the politics of austerity. Less attention, however, has been paid to the longer term trends in the industrial relations of those countries hardest hit by the crisis: Portugal, Italy, Ireland, Greece and Spain; the so-called PIIGS countries. Recent data from the European Industrial … More Capital, Labour, and the Eurozone Crisis

EU officials plotted IMF attack to bring rebellious Italy to its knees – Telegraph Blogs

EU officials plotted IMF attack to bring rebellious Italy to its knees – Telegraph Blogs. The revelations about EMU skulduggery are coming thick and fast. Tim Geithner recounts in his book Stress Test: Reflections on Financial Crises just how far the EU elites are willing to go to save the euro, even if it means … More EU officials plotted IMF attack to bring rebellious Italy to its knees – Telegraph Blogs

Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com

Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com. Spain‘s poorest have been hit harder than any other group in any OECD country in the years of financial crisis and downturn, according to the OECD. While the wealthiest 10% of Spaniards saw their income fall by barely 1% … More Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com

New Left Project | Articles | Underestimating Capital, Overestimating Labour: A Response to Andrew Kliman

New Left Project | Articles | Underestimating Capital, Overestimating Labour: A Response to Andrew Kliman. What caused the 2008 economic crisis? In an article published earlier this year by Jacobin, the Canadian political economist Sam Gindin explained it as ‘a primarily financial crisis.’ Writing for New Left Project, Andrew Klimanrejected this analysis, arguing that, had the crisis really been mainly financial, … More New Left Project | Articles | Underestimating Capital, Overestimating Labour: A Response to Andrew Kliman