Tamer Mowafy's Library tagged financial_crisis →  View Popular, Search in Google

Country's future in eurozone thrown into doubt as groups opposed to EU bailout make gains

europe economy austerity financial_crisis debt greece elections

Austerity has been the main prescription across Europe for dealing with the continent's nearly three-year-old debt crisis, brought on by too much government spending. But what does it mean for the average European?

europe economy austerity financial_crisis debt greece Portugal irland spain France Italy Britain

مع بداية 2012، تجتاز الأزمة الاقتصادية العالمية عامها الخامس في ظل إصرار حكومات دول العالم على إلقاء الأعباء الاقتصادية الناتجة عنها على عاتق أغلبية السكان من العمال والفقراء الذين يُجبرون على تحمل تجميد الأجور والمعاشات وتقليص فرص العمل والخفض الرهيب في الإنفاق على الخدمات الاجتماعية مثل التعليم والصحة، إلخ.

egypt economy financial_crisis politics SCAF

GENEVA, Switzerland - The world's unions are delivering a strong message to international political and business leaders: Create jobs - millions of jobs - or face the consequences.

unions world jobs financial_crisis capitalism workers

Standard and Poor, one of the major credit rating agencies, has downgraded nine European economies’ credit ratings - including, critically, the core European power of France, a country that has not defaulted on its debt since 1812. S&P believe the nine are now more likely to default on their sovereign debt.

europe EU economy financial_crisis debt austerity France greece Germany

In 2007, the capitalist sky started to darken: the biggest crisis of capitalism since the 1930s had erupted. The different crises that ensued were interconnected: the banking and financial crisis, real estate crisis, and economic crisis in the most industrialized countries, and the food crises in the Southern countries, particularly in Africa and certain Asian countries (Latin America was less significantly affected), which mainly resulted from the economic policies practiced in the most industrialized countries

financial_crisis EU europe economy capitalism debt

World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011.

crisis europe economy debt financial_crisis Germany Italy France spain greece

The new report about the situation in 2010 provides some key elements on how those cooperatives face the crisis: what has been, in 2010, the impact on worker and social cooperatives of the crisis that flared up in 2008?

Co-operatives coop workers financial_crisis

Aufheben analyse the causes and nature of the credit crunch and subsequent financial crisis.

economy financial_crisis capitalism anarchists Aufheben

More than 100 bankers at Royal Bank of Scotland were paid more than £1m last year and total bonus payouts reached nearly £1bn – even though the bailed-out bank reported losses of £1.1bn for 2010.

bankers bonuses business europe EU uk capitalism Bailout financial_crisis

In Part I we gave an account of the immediately apparent causes and unfolding of the recent financial crisis, which began with the ‘credit crunch’ in the summer of 2007 and which culminated with near meltdown of the global financial system following the collapse of Lehman Brothers in the autumn of 2008. Here, in Part II of our article, we step back to consider the nature and significance of this crisis by looking at its deeper and longer term causes.

economy financial_crisis capitalism anarchists Aufheben

Every day that passes adds to the fraudulent image of what is called Western democracy.

economy europe greece financial_crisis debt democracy parliament

After a year and a half of desperate rescue negotiations and bailout tranches doled out by the International Monetary Fund, the European Central Bank and the European Union, the intractable and increasingly ineffective austerity measures imposed by the “troika” (three) on Greece's socialist government, have been met with unrelenting protests.

greece austerity financial_crisis EU protests crisis

In the face of financial crisis, any hope that the parasite will die when it runs out of food is in vain – capitalism is far too inventive.

capitalism financial_crisis expansion exploitation economy economics Rosa_Luxenburg

"While the potential new tenants of Áras an Uachtaráin jostle for the position of President live on RTÉ, in the background the capitalist crisis in the eurozone is still boiling away. This article from Marxisti Foni; the Greek Marxist Magazine reports on the latest 24 hour Public Sector General Strike. "

greece financial_crisis debt austerity EU europe strike workers working_class

"FOR MORE than a year, European governments have been announcing a series of financial bailouts for Greece and other countries, only to return to crisis months or weeks later. Why can't they build the "firewall" that they keep promising?"

EU europe financial_crisis depression

"في كل مناسبة تقتضي تدخل الدولة تقفز في وجهنا قضية الدين العام وعجز الموازنة. فهي أولى الحجج التي تقدم ضد رفع أجور العاملين بالدولة ومنهم الأطباء والمدرسون في المستشفيات والمدارس العامة. "

economy deficit deficit_spending financial_crisis Wael_Gamal budget_cuts Neoliberalism unemployment Egypt

"The ITUC today released a video message from General Secretary Sharan Burrow calling for action by G20 leaders to fulfil their promises to create jobs and reform financial institutions."

capitalism Neoliberalism IMF financial_crisis unemployment budget_cuts workers

"The Greek government is to impose tougher austerity measures in a move to persuade international lenders to give it more bailout funds."

greece financial_crisis austerity EU protests Neoliberalism

"A short essay contesting the notion that the current economic crisis is the result of "greed" or irresponsible speculation by evil bankers or investment firms, asserting instead that it is an effect of a generalized crisis of value production caused by the falling rate of profit"

economy economics financial_crisis analysis capitalism