Category Archives: Financial crisis

Crisis to Suicide: How Many Have to Die Before We Kill the False Religion of Austerity? | AlterNet

If suicide is a measure of a society’s health, the Eurozone is getting sicker by the minute. The rate of people taking their own lives is soaring in Europe at such a clip that the trend has given birth to a new media term: “Suicide by economic crisis.” How has it come to pass that people would rather die than be subjected to the pain imposed by global elites? Continue reading…

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Filed under Economism and neoliberalism, Financial crisis, Human rights

When Health Care Is Downsized by Austerity | L’Humanité in English

In mid-March, the unions at the teaching hospital in Toulouse learned of an “anti-crisis performance plan.” On the menu: grouping, outsourcing of services and reconsideration of the pertinence of health care acts. It is an austerity plan that conceals its name and endangers the provision of health care. Continue reading…

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Filed under Economism and neoliberalism, Financial crisis, Health care

The rise of Dutch neo-liberal nationalism | openDemocracy

Europe is in crisis and has been for the last couple of years. It is however not only Greece, Portugal and Spain which find themselves in volatile political and economic times. Events in the troubled regions to the south have overshadowed the silent corrosion of democratic values and human rights of countries historically considered to be at the political heart of the European project. The Netherlands is a painful reminder that it is not only Greece which increasingly lacks democratic legitimacy but that the problem is structural and widespread. Continue reading…

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Filed under Democracy, Economism and neoliberalism, Financial crisis

Greek town develops bartering system without euro | BBC News

As Greece wonders whether its debt crisis will eventually spell its exit from the euro, one town in the centre of the country, Volos, has formed an alternative local currency.

It works through a bartering system or exchange of goods.

The BBC’s Mark Lowen reports. BBC News – Greek town develops bartering system without euro

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Filed under Democratic economy, Financial crisis, Greece

Treaty to produce ‘shocking austerity’ | The Irish Times

Acceptance of the fiscal treaty will mean “permanent” and “shocking austerity” for Ireland, academic and political activist Kieran Allen said.

Speaking at the launch of his booklet The Fiscal Treaty and the Euro Crisis, Dr Allen, senior lecturer at the UCD school of sociology, said the treaty would “lock down” public spending and ensure the people of Europe are squeezed for years to come in order to pay back bonds to the banks. Continue reading…

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Why do bankers get to decide who pays for the mess Europe is in? | Comment is free | The Guardian

There were times when the whole of 2011 seemed to be one long European summit, when you heard more about Papandreou and Merkozy than was strictly necessary. Yet you probably didn’t catch many references to Charles Dallara and Josef Ackermann.

They’re two of the most senior bankers in the world – among the top 1% of the 1%. Dallara served in the Treasury under Ronald Reagan, before moving on to Wall Street, while Ackermann is chief executive of Deutsche Bank. But their role in the euro negotiations, and so in deciding Greece’s future, was as representatives of the International Institute for Finance. Continue reading…

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Filed under Corporations, Corporatism, Corruption, Democracy, Economism and neoliberalism, Financial crisis

Gold in Greece: corporations create civil war | ejolt.org

A battle centered on gold mines in the north of Greece is turning violent. Because of the economical crisis, corporations are ‘buying’ at almost no cost the previously public forests and water in order to collect gold. “Greek Gold S.A.”, a subsidiary of Canadian company “European Goldfields” is paying 1600 euros per citizen to people without a real job to work for them. First job: chase the protestors who want to protect their pristine forest and water resources. Just a few days ago, hundreds of employees from European Goldfield – aided by about 30 policemen – attacked their fellow neighbors citizens who tried to protect the pristine forest of Chalkidiki and water peacefully. Fifteen people were badly injured and eight had to go to hospital. One of the defenders is right now in the hospital struggling for his life. Continue reading…

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Filed under Corporations, Economism and neoliberalism, Environment, Financial crisis, Greece, Human rights