Posts Tagged ‘Euro’

PN

RT
Mar 17, 2014

While the Crimean referendum tops world media headlines, an attempt at secession is going on in Veneto, Italy, with its major city Venice. But as it is being virtually ignored by media, people in Europe are hardly aware of what’s happening next door. READ MORE: http://on.rt.com/7f5f3n

RT LIVE http://rt.com/on-air

Subscribe to RT! http://www.youtube.com/subscription_c…

Like us on Facebook http://www.facebook.com/RTnews
Follow us on Twitter http://twitter.com/RT_com
Follow us on Instagram http://instagram.com/rt
Follow us on Google+ http://plus.google.com/+RT

RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.

[related: Venice votes in referendum on splitting from Rome]

View original post

CounterPsyOps

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

20130102-185104.jpg
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…

View original post 958 more words

Add your thoughts here… (optional)

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.

View original post 62 more words

About 3,000 unemployed demonstrators have clashed with riot police in Naples during a protest against rocketing youth unemployment. The violence erupted in the city after a visit by Labor Minister Elsa Fornero and left 23 people injured.

­Protesters donned masks of the unpopular Fornero and waved banners calling for Prime Minister Mario Monti to step down. Fornero and the German labor minister, Ursula von der Leyen, are in Naples for talks on Italy’s economic and unemployment problems.

A skirmish erupted when a breakaway group hurled stones and bottles at police, who returned fire with teargas, leaving 23 injured.

Fornero infuriated many Italians when she told them last month not to be “choosy” when looking for work.

Italy’s youth have borne the brunt of the economic crisis and government measures to tackle it do not appear to be working. Unemployment among 15-24-year-olds stood at 35.1 per cent in September, up 4.7 per cent on last year.

Italy is laden with debt and entered into recession at the end of last year. The economic gloom has been exasperated by reports of corruption and misuse of public funds by officials and politicians.

Italian prosecutors have filed charges of market manipulation against seven officials of the Standard & Poor’s (S&P) and Fitch ratings agencies the rating agencies for a number of downgrades of Italy last year.

An Italian expert said that firms like S&P and Fitch are meddling where they shouldn’t and creating hysteria in regard to Italian debt:
“These agencies came out with declarations when the markets would be open and therefore this created a big cult [panic] on the markets about Italian sovereign debt.” Paolo Raffone told RT.
S&P and Fitch say they are cooperating fully with the Italian inquiry.

Read the full report here

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…

View original post 798 more words

Dandelion Salad

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov. 8, 2012

In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.

View original post 1,584 more words

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…

View original post 306 more words

The Extinction Protocol

November 1, 2012 GAZAFor the best part of the past 16 months, the Palestinian Authority failed to pay on time the wages of more than its 200,000 public-sector employees. The delays in salary payments are caused by delays in the transfer [to the Palestinian Authority] of emergency aid funds and Palestinian tax revenues collected by Israel on behalf of the Palestinian Authority. The economic implications of the situation are far-reaching and disastrous, argues economist Yitzhak Gal in a report prepared by him for the monthly e-newsletter Iqtisadi (September issue, published by the Tel Aviv University Moshe Dayan Center for Middle Eastern and African Studies under the heading “The Palestinian Economic Crisis: A Loud Wake-Up Call.” The situation is liable to have dangerous [social and political] consequences due to the fact that the Palestinian public-sector employees, including the security establishment personnel, account for [well] over a…

View original post 241 more words

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…

View original post 376 more words

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.

RT LIVE http://rt.com/on-air

Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday

Like us on Facebook http://www.facebook.com/RTnews
Follow us on Twitter http://twitter.com/RT_com
Follow us on Google+ http://plus.google.com/+RT

RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.

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…

View original post 233 more words

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…

View original post 214 more words

The Extinction Protocol

August 14, 2012PARIS, FR (AP) — Months of tension between police and young people in a troubled district of northern France exploded on Tuesday, with dozens of youths facing off against riot officers in a night of violence. Sixteen officers were injured, a pre-school and public gym was torched, and at least three passing drivers in Amiens were dragged from their cars. While the identity of the rioters and the immediate cause is unclear, the economic picture of the area in question is not. Unemployment skews higher in northern France and among the country’s youth. Less than two weeks ago, the French government declared Amiens among 15 impoverished zones to receive more money and security. The eruption of violence shows how little relations have changed between police and youths in France’s housing projects since nationwide riots in 2005 raged unchecked for nearly a month, leaving entire neighborhoods…

View original post 529 more words

The Extinction Protocol

August 11, 2012ECONOMYUntil recently, it was a sign of political correctness not even to consider the possibility of a euro collapse. Investment experts at Deutsche Bank –Germany’s largest bank — now feel that a collapse of the common currency is “a very likely scenario.” Germany’s second-largest bank — Commerzbank — has also flagged fears of a Eurozone collapse whilst bracing for a worsening of the euro-crisis. “The greatest downside risk remains an uncertainty shock from an escalation of the sovereign debt crisis, ie, the collapse of the monetary union,’ Commerzbank states in its latest quarterly report released this week, adding that it thought the risk was higher now than in autumn last year. Italian Prime Minister Mario Monti has also warned of the “psychological break-up” of Europe if the euro crisis is not soon resolved. Spain and Italy, the two chief trouble spots, are threatened with…

View original post 481 more words

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…

View original post 45 more words

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…

View original post 219 more words