Tag Archives: Austerity

Will Hutton – The Guardian UK – The Facts Are Clear : This Cruel Austerity Experiment Has Failed – 4 June 2012

While the human cost of economic stupidity is all too visible, the world’s leaders are paralyzed by their dogma

Last week was an awesome warning of where go-it-alone austerity can lead. It produced some brutal evidence of where we end up when we place finance above economy and society. The markets are now betting not just on the break-up of the euro but on the arrival of a new economic dark age. The world economy is edging nearer to the abyss, and policymakers, none more than in Britain, are paralyzed by the stupidities of their home-spun economics. Yanis Varoufakis, ex-speechwriter for former Greek prime minister George Papandreou and now an economics professor in the US, said last week: “There is precisely zero chance of austerity working. It is the same as thinking you can escape from gravity by waving your arms up and down.”

Read the whole article http://www.commondreams.org link to article /Original published on Sunday, 3 June  2012 by The Guardian/UK written by Will Hutton

Comman Dreams Staff – Anti-Austerity Mass General Strike Takes Portugal – Spain, Italy Are Next – 22 March 2012

Today in Portugal public services and transportation came to a halt, as unions enacted a 24-hour general strike for the second time in two months. The metros in Portugal’s largest cities have closed as well as major ports. The strike was called in reaction to austerity measures agreed upon by the government in return for a European bailout. Continue reading

Italian Senate Set to Vote on Austerity – NYTimes.com

Italian Senate Set to Vote on Austerity – NYTimes.com. via 2012IndyInfo.wordpress.com

Italian, Spanish Unions Mobilize Against ‘Austerity’ Plans | Common Dreams

Italian, Spanish Unions Mobilize Against ‘Austerity’ Plans | Common Dreams. via 2012IndyInfo.wordpress.com by Laura Tyco 6th september 2011.

Austerity and the Destruction of Democracy

Austerity and the Destruction of Democracy. via therealnews.com