Tag Archives: austerity

Greece Riots 100,000 Fight Against Harsh Cuts In Athens Protests

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DEPOSITORS BEWARE – BAIL-IN BECOMES OFFICIAL EU PROPOSAL!

Ireland’s Finance Minister, and current European Council President, Michael Noonan, is introducing a proposal to European finance ministers that will hit depositors that hold over €100,000 in the event of future bank collapses. The Irish know a bit about bank … Continue reading

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Austerity is hurting our health, say researchers

(Reuters) – Austerity is having a devastating effect on health in Europe and North America, driving suicide, depression and infectious diseases and reducing access to medicines and care, researchers said on Monday. Detailing a decade of research, Oxford University political … Continue reading

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Spain and Portugal, Austerity Protests

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Switzerland, Austerity Protests

From YouTube: Switzerland has temporarily pegged its currency (the Swiss franc) to the euro through an executive decision of its central bank (2011-09-06 ). There is no statutory basis for this peg. Technically, the Swiss have put a floor on … Continue reading

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David Stockman: Austerity Is Not Discretionary

From YouTube: At the latest Casey Research Conference, “Recovery Reality Check” in Weston, Florida, Casey Research’s Chief Technology Investment Strategist Alex Daley sits down with David Stockman, former Director of the Office of Management and Budget under President Ronald Reagan. … Continue reading

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Spanish Debt Crisis

Riot police and protesting miners have clashed in Madrid as the Spanish prime minister Mariano Rajoy announces more sweeping austerity measures, including a rise in VAT and other taxes, and increases to spending cuts. Source Syntagma Riotcam Resumes Broadcasting From … Continue reading

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The Consequences of Growth Over Austerity

Obama’s plan for an economic recovery in Europe is simple: abandon austerity measures and concentrate on growth. The real message is “everything will be fine after the next election: just kick the flexible can down the road”. Sentient people know … Continue reading

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Austerity Measures, General Strike and Riots in Spain

From YouTube: Riot police took to the streets of Spain as protesters burned bins, vandalized shops and attacked officers during a one day nationwide general strike. Spaniards angry with having the eurozone’s highest unemployment rate refused to go to work … Continue reading

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