Friday 20th September 2019
x-pressed | an open journal

cuts

The student that made a fool of the theory of cuts

elespt-pt
The student that made a fool of the theory of cuts

If you haven’t read the story, you have to. A couple of days ago we told you about it: one of the studies constantly cited by politicians and economists in order to impose their policies of cuts and austerity, Growth in a Time of Debt, published in 2010, was wrong. And all this because of [...]

April 19, 2013 Author: Manuel Ángel Méndez

Interview with Éric Toussaint

esel
Interview with Éric Toussaint

It is a simple task, there are very clear criteria. In the case of Greece more than half of the debt is with the Troika, 170 billion euros. It is totally illegitimate and should be declared invalid because it was imposed by agencies not representing the Greek citizens. Not even the memoranda have been treated [...]

April 3, 2013 Author: Luis Giménez San Miguel

Cyprus, Seriously

esel
Cyprus, Seriously

A correspondent, whom I respect, has (gently) challenged me to say plainly what I think Cyprus should do — leaving aside all questions about political realism. And he’s right: while I think it’s OK to spend most of my time on this blog working within the limits of the politically possible, and relying on a [...]

March 26, 2013 Author: Paul Krugman

IMF: the industry of apologies

elesfrsq
IMF: the industry of apologies

Since people learned to apologise the sense of honour was lost, an old Greek saying goes. In the case of the IMF, along with the sense of honour, millions of lives and trillions of dollars were also lost. Yet, in our humble opinion, the IMF should follow an old advice of Mahatma Gandhi: "Never apologise [...]

March 1, 2013 Author: Aris Xatzistefanou

Portugal: Playing government

elpt-pt
Portugal: Playing government

“Perhaps the most important question one should be asking regarding the IMF report about the Portuguese State entitled “Rethinking the State. Selected Expenditure Reform Options”, is how the IMF management can carry out such a role. A second issue, more common, would be to understand why the Portuguese government is bothered with this kind of [...]

January 10, 2013 Author: Pedro Lains

Spain strikes back on N14

eles
Spain strikes back on N14

Hundreds of thousands of people participated in the demos of the second general strike during this year – the eighth to date during Spain's post-Franco democratic history. The unions declared that the participation reached over 76 percent. The highest percentages were in Catalunya, Asturias, famous for the recent miners’ struggle, and Galicia (80 percent), followed [...]

November 14, 2012 Author: Sofia Tipaldou

Greece: General strike – Rehearsal or final performance?

fresel
Greece: General strike – Rehearsal or final performance?

In the face of €9 billion cuts in salaries, pensions and benefits and €3 billion more in new taxes, the country’s Unions called for a 24Hour general strike and demonstration. It was exactly what we expected it to be; quite massive but numb at first, some riots towards the end and heavy police crackdown. [...]

September 27, 2012 Author: Anna Papoutsi

Spain: Workers unite in mass mobilisations against austerity

esel
Spain: Workers unite in mass mobilisations against austerity

‘It’s not a crisis, it’s a fraud!’, was the chant of the people in Spain’s biggest mobilisation since the labour reforms were introduced. The 19 July general strike was the turning point of the people’s struggle against their government’s austerity policies. Participation was even bigger than in the 29 March general strike. This time, the [...]

July 24, 2012 Author: Sofia Tipaldou

Spain: After austerity, the rescue?

deelfr
Spain: After austerity, the rescue?

Mariano Rajoy’s government won an absolute majority in the parliamentary elections on November 2011 with promises to decrease the risk premium, to create jobs, and above all to recover the lost trust in Spain. Shortly after, the government announced cuts of €16.5 billion. On June 9, Rajoy asked the EU for a banking bailout of [...]

June 15, 2012 Author: Sofia Tipaldou