austerity
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Europeans against austerity cuts: thousands clash with police in Brussels — RT
A new threat to the euro overshadowed Libya and other issues at an EU summit in Brussels. A possible international bail-out for Portugal dominated talks, while nearby, police used water cannons to disperse crowds protesting against austerity cuts. Continue reading
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The Spectre Haunting Europe: Debt Defaults, Austerity, and Death of the “Social Europe” Model By Prof Michael Hudson and Prof. Jeffrey Sommers
Only a year ago it was recognized that decades of neoliberalism had crashed the U.S. and several European economies. Years of deregulation, speculation and lack of investment in the real economy had left them with rising inequality and little consumer demand, except for what was financed by running up debt. But the financial press and… Continue reading
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Former Greek minister attacked by mob as riots break out in Greece
24 December, 2010 — The Daily Telegraph A former government minister was stoned by a mob in Athens s riots broke out in the Greek capital in protest at the government’s austerity measures. http://www.telegraph.co.uk/telegraph/template/utils/ooyala/telegraph_player.swf 1st collector for Former Greek minister attacked by mob as riots … Follow my videos on vodpod Continue reading
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You cut me deep! UK loses global ambition with job & budget slashing
21 October, 2010 1st collector for You cut me deep! UK loses global ambition with …Follow my videos on vodpod The UK government has announced its largest cuts in public spending since World War Two. The new austerity plans will have the budget slashed by 83 BLN pounds and cut of around half a million… Continue reading
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The Neoliberal Experiment and Europe’s anti-Austerity Strikes: Governments must Lower Wages or Suffer Financial Blackmail By Michael Hudson
Most of the press has described Wednesday’s European-wide labor demonstrations and strikes across in terms of the familiar exercise by transport workers irritating travelers with work slowdowns, and large throngs letting off steam by setting fires. But the story goes much deeper than merely a reaction against unemployment and economic recession conditions. At issue are… Continue reading
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Doug Henwood: Austerity in the face of weakness Pt.2
27 August, 2010 — The Real News Network The Limits of Stimulus http://widgets.vodpod.com/w/video_embed/Video.4319079 THE LIMITS OF STIMULUS, posted with vodpod Part One Bio Doug Henwood is the founder and editor of the Left Business Review; a contributing editor to the U.S. weekly The Nation; and author of several books, including Wall Street and After the… Continue reading
The New Dark Age 