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Greece: a fall increasingly hot

OCL

During summer, the anger of the Greeks against the government and the international authorities imposing the measures of unprecedented social decline (and without equivalent in Europe) did not have the opportunity to soften.

The “package” of laws passed at the end of June in a parliament under siege in order to obtain the payment of a new tranche of the first loan from 110 billion euros and the agreement in principle for a new loan 160 billion consecutive effects of the first (recession therefore lower tax revenue) immediately proved insufficient for donors : further measures were required as early as July and late summer, the main lines were known : hiring freeze and forced departure from 30 000 officials (in a "labor reserve", paid 60% salary for a year and then nothing), creation of a property tax (touching 80% greeks) and recovery thereof via electricity bills, decline in pensions greater than 1 200 euros per month and lowering of the tax threshold to 5 000 euros of annual income (lowered two months earlier by 12 000 at 8 000 euros per year), either all low wages ...

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structural adjustment: Icelanders have not said their last word…

Jérome Duval, Olivier Bonfond, CADTM

After plunging the peoples of the South in poverty in their countries into debt, the IMF (International Monetary Fund) is now tackling the European peoples, hit hard by the international capitalist crisis. The ratings agencies, tools at the service of the financial oligarchy, playing for their full part in the race to profitability in the debt market, not hesitating to financially punish the slightest misstep countries weakened by crisis. But Icelandic, imposing a referendum on an irresponsible and dangerous act, do not intend to submit as easily. The fight is certainly unbalanced, but it's not over ...

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