Posts Tagged ‘Austerity’

PN

CounterPsyOps
June 7, 2013

With Greek government bonds at multi-year highs (up 300% in the last year), the Athens Stock Index still up 100% in the last year, and leaders all over the Euro-zone proclaiming the crisis is over (and that Greece has “made big strides”); we thought it perhaps useful to look at the reality behind the propagandized talk and manipulation. The sad truth is Greece is rapidly dissolving into a ‘fourth world’ nation with unemployment rates (broad and youth) at unprecedented levels, poverty widespread, and homelessness rife. Perhaps, as Germany today stated that there will be no more debt reduction for Greece, it is ‘math’ in the first image that the TROIKA and the Greek representatives should pay special attention to…

By Tyler Durden zerohedge.com via Reuters

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40-year-old Yiorgos, who became homeless in 2010 after his grocery shop went out of business, sleeps outdoors in central Athens February…

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Dandelion Salad

Dandelion Salad

PressTVGlobalNews · May 4, 2013

Spanish people are giving life to many schools which have been abandoned for years, forsaken factories, foreclosed and empty buildings and many more places.

The local citizens of Madrid refurbish these abandoned places to express themselves, to fight, to manage the struggle, create new possibilities for the residents and carry out various projects.

They create these spaces to use as social centers, to held social workshops, cultural programs, classes and assembly meetings and also provide services to fellow citizens.

This, as the Spanish society is struggling with double-dip recession, fierce austerity measures and 26% unemployment can create a great refuge for the citizens and social activists.

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CounterPsyOps

Unemployment in Spain already stands at 26%. Crowds scavenge the streets at night for food. And life is about to get tougher still

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A family prepares to sleep on the street in Madrid. Oxfam says that by 2022, 38% of the Spanish population could be in poverty. Photograph: Susana Vera/Reuters

By Giles Tremlett, The Guardian

Forget, for a moment, the Greek tragedy. The tale of social woe set to play out in Spain this year is both bigger and more important to the world. For the drama of rescuing the euro, or letting it sink, will be played out on Spanish soil.

That is not to say Spaniards will have it worse than Greeks, though Eurostat figures show only Bulgaria and Romania now have a higher percentage of people deemed at risk of poverty. Spain’s economy will shrink, once more, by 1.5% – a dramatic enough figure, though one most…

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Dandelion Salad

Dandelion Salad

Nov 15, 2012 by strugglevideomedia

Alan Akrivos explains the issues in the huge strikes by Greek, Italian, Portuguese and Latin American workers. Nov. 14, 2012 in New York City.

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The Extinction Protocol

November 10, 2012MADRIDA woman in Spain jumped to her death as bailiffs approached to evict her Friday from her fourth-floor apartment for failing to pay the mortgage, officials said. It was the second apparent suicide linked to evictions, and it further illustrates the dire conditions many Spaniards find themselves in as the country’s economy sinks. The government recently created a task force to study how to reduce evictions because of the devastating personal impact of repossessions due to tough Spanish mortgage rules and growing unease among the public on the subject. The unnamed 53-year-old woman threw herself from her balcony in a suburb of the northern Spanish city of Bilbao, the regional Interior Ministry said. She worked at a local bus depot, was married to a former town councilor and had a 21-year-old daughter. Local judge Juan Carlos Mediavilla told reporters at the scene that it…

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Greece Grinds to Halt Amid Mass Austerity Strike

RT.com
November 6, 2012

Protesters from the communist-affiliated trade union PAME march outside the parliament during a rally in central Athens November 6, 2012. (Reuters/Costas Baltas)

A far-reaching national strike against new austerity measures has left Greece paralyzed. Thousands are marching in the streets of Athens in protest against measures that unions say will sink the country’s already-flagging economy.

 

The 48-hour strikes have brought most of the country to a standstill, shutting down public transport, schools and air traffic control. Hospitals are also working with skeleton crews. Broadcasts and publications were halted until further notice as journalists joined the nationwide strike.

“About 10,000 people on Syntagma square right now. More arriving. All peaceful,” RT correspondent Peter Oliver wrote on Twitter.

Police cordoned off areas around government buildings in Athens in preparation for possible violence. Extra officers were also called for crowd control during the demonstrations.

The protests are expected to continue throughout the week, culminating on Wednesday to coincide with a parliamentary vote on the new austerity measures.

The new round of budget cuts the Greek parliament will vote on Wednesday has enraged a population already exhausted by economic belt-tightening. Athens is currently debating measures that aim to allay bankruptcy through some $17 billion in cuts by 2016.

Demonstrators shout slogans during a protest against new government austerity bill aimed at securing international aid needed to prevent the debt-crippled nation from defaulting, in Thessaloniki on November 6, 2012. (AFP Photo/Sakis Mitrolidis)
Demonstrators shout slogans during a protest against new government austerity bill aimed at securing international aid needed to prevent the debt-crippled nation from defaulting, in Thessaloniki on November 6, 2012. (AFP Photo/Sakis Mitrolidis)

 

The Greek government remains divided over the issue, with the Democratic Left Party that comprises one-third of the governing coalition refusing to back the measures. The second-largest member of the union government, Pasok, has also seen dissension in its ranks, with several MPs refusing to back the package.

The measures stipulate a two-year increase in the Greek retirement age to 67, and several tax hikes. The new package also includes provisions making it easier to fire civil servants, which has provoked the ire of public workers amid a current unemployment rate of over 25 percent.

The austerity package is required for Greece to qualify for a bailout loan from the ‘Troika’ – the European Commission, the European Central Bank and the International Monetary Fund.

Previous austerity measures slowed Greece’s economy, shrinking its economy by one-fifth since the financial downturn began in 2007. The outlook for 2013 is bleaker still, with the country’s debt at 189 percent of GDP and further austerity looking increasingly likely.

The Greek capital has seen numerous protests over the past months, with Athenians rallying against austerity they criticize as bringing the country perilously close to collapse.

Anti-austerity demonstrations in Greece have frequently turned violent, leading to clashes between police and disgruntled youths.

Protesters from the communist-affiliated trade union PAME march outside the parliament during a rally in central Athens November 6, 2012. (Reuters/John Kolesidis)
Protesters from the communist-affiliated trade union PAME march outside the parliament during a rally in central Athens November 6, 2012. (Reuters/John Kolesidis)

 

Protesters march in front of the Greek parliament in central Athens during a rally marking the 48-hours general strike on November 6, 2012. (AFP Photo/Aris Messinis)
Protesters march in front of the Greek parliament in central Athens during a rally marking the 48-hours general strike on November 6, 2012. (AFP Photo/Aris Messinis)

 

AFP Photo/Aris Messinis
AFP Photo/Aris Messinis

 

Image from Twitter/@AZakharyan_RT
Image from Twitter/@AZakharyan_RT

 

AFP Photo/Louisa Gouliamaki
AFP Photo/Louisa Gouliamaki

This article first appeared on RT.com.

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The Extinction Protocol

November 7, 2012GREECEGreece’s coalition government hopes to overcome its own divisions and defy protesters’ fury at parliament’s gates on Wednesday to push through an austerity package needed to secure an injection of aid and avert bankruptcy. Prime Minister Antonis Samaras is expected to narrowly win support for the cocktail of budget cuts, tax hikes and labor reforms. The smallest party in his conservative-liberal coalition will oppose the measures, leaving him with a margin of just a handful of votes. Tens of thousands of union workers plan to descend on the assembly in a second day of a nationwide strike that has brought most public transport to a halt and shut schools, banks and government offices. Backed by the leftist opposition, unions say the measures will hit the poor and spare the wealthy, while also deepening a five year recession that has wiped out a fifth of…

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The Extinction Protocol

November 1, 2012LONDON — Unemployment in the 17-country eurozone hit a record high of 11.6 per cent in September, official figures showed Wednesday, a sign the economy is deteriorating, as governments struggle to get a grip on their three-year debt crisis. The rate reported by Eurostat, the EU’s statistics office, was up from an upwardly revised 11.5 per cent in August. In total, 18.49 million people were out of work in the eurozone in September, up 146,000 from the previous month, the biggest increase in three months. While the eurozone’s unemployment rate has been rising steadily for the past year as the economy struggled with a financial crisis and government spending cuts, the United States has seen its equivalent rate fall to 7.8 per cent. The latest U.S. figures are due this Friday. With the eurozone economy fading, most economists think unemployment will keep increasing over the coming…

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Silver Lining

by Kian Mokhtari, source

A chatty London cab driver keeps repeating, “Yeah mate, it’s all been sewn up ‘ere in London, we’ll all be movin’ to Mars next mate”. And you can hear the same story over and over again from folk in Europe’s better-off capital cities.

Each nation’s capital city has become so expensive that only very select groups of people can afford to live there: the elite and their servants.

There are no longer any excuses made, no pretense is dispensed and common courtesy is unceremoniously out of the window. The demise of the middle classes in Western Europe is absolute. An unemployed friend, previously an accounting assistant jokes that she has been replaced by an IPhone, and sadly she is not off the mark by much at all.

The middle classes were first relegated to the suburbs to make way for “their betters”. But price fixing and…

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Violent clashes erupted between police and protesters in the northern Italian town of Riva del Garda as tens of thousands took to the streets of Italy in a nationwide anti-austerity demonstration dubbed ‘No Monti Day.’ – READ MORE http://on.rt.com/yg6nrw

In Rome police expected some 30,000 to take to the streets, but activists estimate that up to 100,000 showed up.

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The Extinction Protocol

September 27, 2012SPAINViolent protests in Madrid and growing talk of secession in Catalonia are piling pressure on Spanish Prime Minister Mariano Rajoy as he moves closer to asking Europe for rescue money. In public, Rajoy has been resisting calls from bankers at home and the leaders of France and Italy to move quickly to request assistance, but behind the scenes he is putting together the pieces to meet the stringent conditions for aid. With protesters stepping up anti-austerity demonstrations, Rajoy presents painful economic reforms and a tough 2013 budget on Thursday, aiming to persuade euro zone partners and investors that Spain is doing its deficit-cutting homework despite a recession and 25 percent unemployment. Figures released on Tuesday suggested Spain will miss its public deficit target of 6.3 percent of gross domestic product this year, and on Wednesday the central bank said the economy continued to contract…

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The Extinction Protocol

September 27, 2012 GREECE Police fired stun grenades and tear gas at protesters yesterday as tens of thousands poured into the streets of Athens as part of a nationwide strike to challenge a new round of austerity measures that are expected to cut wages, pensions and healthcare once again. Dozens of youths, some masking their faces with helmets and T-shirts, hurled Molotov cocktails and rocks at police who fired back in an effort to scatter the angry crowds around the parliament building. More than 50,000 people are believed to have participated in the mass walk-out in Athens alone. Hospital doctors, pensioners, teachers and shopkeepers were among the demonstrators that participated in over 60 rallies throughout the debt-ridden country. Even the president of Greece’s police officers participated in the trade union march in Athens alongside uniformed colleagues from the fire department and coastguard. “We don’t owe money to anyone…

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The Extinction Protocol

September 4, 2012SPAINAfter working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family to a village near Cambridge, England, where he will take the reins at a small software company, and he has transferred his savings from Spanish banks to British banks. “The macro situation in Spain is getting worse and worse,” Mr. Vildosola, 38, said last week just hours before boarding a plane to London with his wife and two small children. “There is just too much risk. Spain is going to be next after Greece, and I just don’t want to end up holding devalued pesetas.” Mr. Vildosola is among many who worry that Spain’s economic tailspin could eventually force the country’s withdrawal from the euro and a return to its…

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The Extinction Protocol

September 4, 2012EUROPEA growing number of global and European health bodies are warning that the introduction and intensification of austerity measures has led to a sharp rise in mental health problems with suicide rates, alcohol abuse and requests for anti-depressants increasing as people struggle with the psychological cost of living through a European-wide recession. “No one should be surprised that factors such as unemployment, debt and relationship breakdowns can cause bouts of mental illness and may push people who are already vulnerable to take their own lives,” Richard Colwill, of the British mental health charity Sane, told CNBC. “There does appear to be a connection between unemployment rates and suicide for example,” he said, referring to a recent study in the British Medical Journal that stated that more than 1,000 people in the U.K. may have killed themselves because of the impacts of the recession. “This…

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The Extinction Protocol

August 14, 2012 GREECEA senior member of Chancellor Angela Merkel’s party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout. The comments, by the deputy parliamentary leader of Merkel’s Christian Democrats (CDU) Michael Fuchs, are a sign that frustration with Greece among ruling party lawmakers is nearing the breaking point. The ‘troika’ of the European Commission, the European Central Bank and the International Monetary Fund is due to decide on the disbursement of the next tranche of money from Greece’s 130 billion euro bailout package in September. “Even if the glass is half full, that won’t be sufficient for a new aid package. Germany cannot and will not agree to that,” Michael Fuchs told German newspaper Handelsblatt. “We long ago reached the…

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occupysydney

Police in Frankfurt remove protesters from the Occupy Movement.

Occupy Sydney stand in solidarity with Occupy Frankfurt as their ten month long Occupation is removed by Police. Claims that “activists have left and homeless have taken over” are a standard Police ruse to disinform the public by portraying activists as something else. Perhaps their are among Police tiers of recognition of activists and levels of activism. Our information from Occupy Frankfurt by phone is that there is a notable homeless presence but the Occupation is by no means exclusively homeless people. There are also activists from Student , Trades and Workers movements onsite.

As with other occupations, there are also numerous organisations which tried to co-opt Occupy Frankfurt whose high profile media spokespeople basked in the sunshine of Occupy publicity but had little to do with maintaining a physical occupation.

GERMANY

Police remove Occupy Frankfurt protesters

After ten months of demonstrations, the Occupy Frankfurt protest against anti-capitalism is being…

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The Extinction Protocol

August 6, 2012GREECEGreek police arrested more than 1,000 immigrants and detained thousands more in a massive weekend sweep that comes as the strapped nation has increasingly soured on hosting foreigners. The vast roundup in Athens was jarringly named Xenios Zeus — after the Greek god known as the patron of hospitality. Police stopped and detained 6,000 immigrants, out of whom 1,600 were arrested for illegally entering Greece and sent to holding centers, according to the Associated Press. Greek media reported that similar sweeps are in the works for other cities. Leftist political parties slammed the crackdown as an assault on human rights that had fostered fear and racism, while the extreme right Golden Dawn party accused the government of not actually sending anyone back to a home country, merely holding a “badly organized PR stunt,” Athens News reported. Public Order and Citizens’ Protection Minister Nikos…

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