Helena Smith in Athens for the Guardian 13 August 2016 In a side street in the heart of Athens, two siblings are hard at work. For the past year they have run their hairdressing business – an enterprise that was once located on a busy boulevard – out of a two-bedroom flat. The move was … More A year after the crisis was declared over, Greece is still spiralling down
European Trade Union Institute (ETUI) – Benchmarking Working Europe 2014 / Books / Publications / Home. The report Benchmarking Working Europe 2014 reviews the crisis and EU austerity policies in the last five years from the point of view of Europe’s social agenda.
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. 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
As usual, on the rare occasion that the IMF actually understands the destructive nature of austerity policies, it is too little too late. IMF Urges Redistribution To Tackle Growing Inequality. Washington – The International Monetary Fund (IMF) is wading strongly into the global debate over the impact of growing income inequality, offering a series of controversial … More IMF Urges Redistribution To Tackle Growing Inequality
Radical Democracy and Collective Movements in Greece, Spain | Euro Crisis in the Press. By Marina Prentoulis and Lasse Thomassen The 2011 movements of the squares, the ‘aganaktismenoi’ and ‘indignados’ as they came to be known in Greece and Spain respectively, brought to the forefront old and unresolved debates on the Left. During the crisis … More Radical Democracy and Collective Movements in Greece, Spain | Euro Crisis in the Press
7 March 2014 Cecilia Olivet Profiting from Crisis is a story about how corporations, backed by lawyers, are using international investment agreements to scavenge for profits by suing governments from Europe’s crisis countries. It shows how the global investment regime thrives on economic crises, but is very uneven in who it benefits. While speculators making … More How corporations and lawyers are scavenging profits from Europe’s crisis countries
Creating radically democratic solutions to the financial abduction of Europe | openDemocracy. LOTTA TENHUNEN and ADRIÀ RODRIGUEZ 6 March 2014 Last weekend we participated in the European meeting and seminar The New Abduction of Europe -– Debt, War and Democratic Revolutions in Madrid. The meeting, organized by Fundacion de los Comunes in the framework of the network of museums L’Internationale, took place … More Creating radically democratic solutions to the financial abduction of Europe | openDemocracy
This is no recovery, this is a bubble – and it will burst | Ha-Joon Chang | Comment is free | The Guardian. According to the stock market, the UK economy is in a boom. Not just any old boom, but a historic one. On 28 October 2013, the FTSE 100 index hit 6,734, breaching the level … More This is no recovery, this is a bubble – and it will burst | Ha-Joon Chang | Comment is free | The Guardian
The New Wave of Financial Instability by MIKE WHITNEY Global stocks were hammered on Friday for a second straight day on news of a slowdown in China and turbulence in emerging markets. The Dow Jones Industrials suffered its worse drubbing in more than two years, tumbling 318 points on Friday to end a 490 point … More The New Wave of Financial Instability
The Council of Europe Commission for Human Rights has published a report documenting the various ways in which austerity is negatively impacting on human rights across Europe. I have copied the summary of the report below: Europeans are living through the deepest economic recession since the Second World War. What began as a meltdown of … More Austerity and Human Rights
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=11012 ‘And what happens in moments of breakdown is that people not only turn against an ineffectual liberal elite that is not able–that in essence–that has presided over political and economic paralysis, or certainly political paralysis, but they also jettison the values that elite purports to defend. And that’s what’s dangerous. And we’re certainly barreling … More Credibility of the Ruling Elite is Being Shredded – Chris Hedges on Reality Asserts Itself
Crash! A brief history of modern global capitalism – audio slideshow | Comment is free | theguardian.com. An amazing slideshow of a century of capitalist development and economic crisis narrated by one of my former professors, Leo Panitch, author of The Making of Global Capitalism.
Debt and Deficit as Shock Therapy » CounterPunch: Tells the Facts, Names the Names. When Naomi Klein published her ground-breaking book The Shock Doctrine (2007), which compellingly demonstrated how neoliberal policy makers take advantage of overwhelming crisis times to privatize public property and carry out austerity programs, most economists and media pundits scoffed at her arguments as … More Debt and Deficit as Shock Therapy » CounterPunch: Tells the Facts, Names the Names
Austerity protests draw tens of thousands in Italy, Portugal | News | DW.DE | 19.10.2013. Police detained several people during the protest in Rome after about 100 people threw rocks, bottles and eggs at officers guarding the finance ministry (pictured). The police then charged and chased the demonstrators into side streets. Protesters also managed to … More Austerity protests draw tens of thousands in Italy, Portugal | News | DW.DE | 19.10.2013