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Parchment in the Fire: A €45bn headache for Italy

Italian banks stricken by massive amounts of bad loans and falling shares are becoming a financial and political problem for PM Matteo Renzi and for the EU. Source: A €45bn headache for ItalyFiled under: Eurozone crisis Tagged: Banking, finance capit… . . . → Read More: Parchment in the Fire: A €45bn headache for Italy

Parchment in the Fire: Greece has its problems with the EU, but we would never leave

George Kyris Those who support Brexit often see Greece as an example of the problems within the EU. Nigel Farage has encouraged Greeks to leave the union in order to “take back control and democracy”, in a European project that “is dying”. It is true that Greeks have become very Eurosceptic as a result of… More Greece has its problems with the EU, but we would never leave . . . → Read More: Parchment in the Fire: Greece has its problems with the EU, but we would never leave

Parchment in the Fire: Ireland’s New Rising

Filed under: Europe, Eurozone crisis Tagged: Austerity, Eurozone Crisis, Ireland . . . → Read More: Parchment in the Fire: Ireland’s New Rising

Parchment in the Fire: Greek Leaks Expose IMF Chief Overruling Pro-Debt Relief IMF Negotiator

Filed under: Eurozone crisis, Southern Europe, Uncategorized Tagged: Austerity, Eurozone Crisis, Greece, IMF . . . → Read More: Parchment in the Fire: Greek Leaks Expose IMF Chief Overruling Pro-Debt Relief IMF Negotiator

Parchment in the Fire: Growing Labor Protests Paralyzing France

Filed under: Europe, Eurozone crisis, Uncategorized Tagged: Austerity, France, General Strike, labour market reforms . . . → Read More: Parchment in the Fire: Growing Labor Protests Paralyzing France

Parchment in the Fire: Left Bloc’s Political Motion and the Struggle Against Austerity

By Hugo Monteiro | 23 May 16 | Portuguese politics is in limbo. The good news is that this limbo, the thin ice on which this agreement is skating, also presents an opportunity to engage in clear and clean politics with room for actual negotiation. The bad news for the right wing and its allies… More Left Bloc’s Political Motion and the Struggle Against Austerity . . . → Read More: Parchment in the Fire: Left Bloc’s Political Motion and the Struggle Against Austerity

Parchment in the Fire: Why Austrians Nearly Elected a Far Right Candidate as President

Filed under: Eurozone crisis, Uncategorized Tagged: Austria, Austrian Freedom Party . . . → Read More: Parchment in the Fire: Why Austrians Nearly Elected a Far Right Candidate as President

Parchment in the Fire: IMF-Eurozone Deal Hailed as a Breakthrough, But No Relief for Greeks

Filed under: Eurozone crisis, Uncategorized Tagged: Eurozone Crisis, Greece, Troika . . . → Read More: Parchment in the Fire: IMF-Eurozone Deal Hailed as a Breakthrough, But No Relief for Greeks

Parchment in the Fire: Spain’s left must unite to steer country on road to recovery

Giles Tremlett for the Guardian In his restaurant overlooking the Med at Mataró, a few miles north of Barcelona, Ricard Jornet declares himself an insumiso, a rebel who refuses to obey government demands to pay a so-called “tax on sunshine” for an award-winning solar power installation that allows his business to function almost exclusively off… More Spain’s left must unite to steer country on road to recovery . . . → Read More: Parchment in the Fire: Spain’s left must unite to steer country on road to recovery

Parchment in the Fire: Yanis Varoufakis on the need for the democratization of Europe

Filed under: Europe, Eurozone crisis, Uncategorized Tagged: Eurozone Crisis . . . → Read More: Parchment in the Fire: Yanis Varoufakis on the need for the democratization of Europe

Parchment in the Fire: One Year on, Syriza has sold its soul for power

by Costas Lapavitsas Today marks a year since a radical left government was elected in Greece; its dynamic young prime minster, Alexis Tsipras, promising a decisive blow against austerity. Yanis Varoufakis, his unconventional finance minister, arrived in London soon after and caused a media sensation. Here was a government that disregarded stuffy bourgeois conventions and… More One Year on, Syriza has sold its soul for power . . . → Read More: Parchment in the Fire: One Year on, Syriza has sold its soul for power

Parchment in the Fire: Varoufakis: China was ready to support Greece, but Berlin killed the deal

From EuroActiv Athens had secured a funding deal with China during the crucial negotiations with its creditors last summer. But a phone call from Berlin to Beijing killed it, Yanis Varoufakis disclosed on Tuesday (19 January). EurActiv Greece reports. In an interview with Skai TV, Varoufakis admitted that there was a “Plan X” in the event of… More Varoufakis: China was ready to support Greece, but Berlin killed the deal . . . → Read More: Parchment in the Fire: Varoufakis: China was ready to support Greece, but Berlin killed the deal

Parchment in the Fire: Podemos: how Europe’s political centre is being eaten by the radical left and nationalist right | Opinion | The Guardian

As the success of Spain’s upstart anti-austerity party shakes the country’s two-party system, the most likely outcome for ailing social democrats is a fusion with liberal conservatives Source: Podemos: how Europe’s political centre is being eaten by the radical left and nationalist right | Opinion | The GuardianFiled under: Europe, Eurozone crisis Tagged: Podemos, Spain,… More Podemos: how Europe’s political centre is being eaten by the radical left and nationalist right | Opinion | The Guardian . . . → Read More: Parchment in the Fire: Podemos: how Europe’s political centre is being eaten by the radical left and nationalist right | Opinion | The Guardian

Parchment in the Fire: Income, Class and Austerity in Southern Europe

Data from Southern Europe indicates a trend of wealth distribution to the top 20% of income earners since the onset of austerity. At the outset of the Global Financial Crisis in 2007, the income share of the bottom 20% of income earners in Greece and Portugal increased, whereas the income share of the top 20%… More Income, Class and Austerity in Southern Europe . . . → Read More: Parchment in the Fire: Income, Class and Austerity in Southern Europe

Parchment in the Fire: Political Radicalization in Europe

Filed under: Europe, Uncategorized Tagged: Austerity, Eurozone Crisis, Radicalism . . . → Read More: Parchment in the Fire: Political Radicalization in Europe

Parchment in the Fire: A portrait of poverty: Europe’s women & children

In Real Economy this week Maithreyi Seetharaman looks at the challenges governments face in tackling poverty with the help of some of those closest to the issue. The shocking truth is that… Source: A portrait of poverty: Europe’s women & childrenFiled under: Europe, Eurozone crisis Tagged: Austerity, poverty . . . → Read More: Parchment in the Fire: A portrait of poverty: Europe’s women & children

Parchment in the Fire: The Losing Battle | Jacobin

Source: The Losing Battle | JacobinFiled under: Eurozone crisis Tagged: Eurozone Crisis . . . → Read More: Parchment in the Fire: The Losing Battle | Jacobin

Parchment in the Fire: Portugal’s new social and political context ~ Global Labour Column

Source: Portugal’s new social and political context ~ Global Labour ColumnFiled under: Eurozone crisis Tagged: Austerity, Eurozone Crisis, Portugal . . . → Read More: Parchment in the Fire: Portugal’s new social and political context ~ Global Labour Column

Parchment in the Fire: Some Charts on the Conditions of Labour in Greece

A few charts from the Eurofound website provides an insightful glimpse into the conditions of workers in Greece in the context of austerity. The first chart, taken from Eurofound, demonstrates the trajectory of labour costs and labour productivity in Greece up to and during the crisis. The data indicates a significant divergence of labour costs and labour productivity under austerity. Effectively, austerity is pushing down labour costs, resulting in increases in Greek labour productivity.

Increased labour productivity, however, can largely be explained as a result of declining compensation per worker, as opposed to being the result of innovations stemming from (Read more…)

Parchment in the Fire: Full Contents of the Agreement between Socialist Party and Left Bloc | Esquerda

The full contents of the agreement signed between the Socialist Party and the Left Bloc can be read here.

Source: Full Contents of the Agreement between Socialist Party and Left Bloc | Esquerda

Filed under: Eurozone crisis Tagged: Austerity, Eurozone Crisis, Portugal

Parchment in the Fire: What is the Left Bloc? | Esquerda

In this article, we shall present information which allows the reader to get a clear picture of how and in which political climate the Left Bloc was founded and how it has developed.

Source: What is the Left Bloc? | Esquerda

Filed under: Eurozone crisis, Socialism, Southern Europe Tagged: Eurozone Crisis, Left Bloc, Portugal

Parchment in the Fire: Left Parties In Portugal Vow to Topple New Center-Right Government, pt. II

Filed under: Uncategorized Tagged: Austerity, Eurozone Crisis, Left Bloc, Portugal

Parchment in the Fire: Spanish politics: Why is Podemos losing ground? | In English | EL PAÍS

After topping voter intention polls, the party is falling behind rival Ciudadanos as it seeks to redefine its position and message

Source: Spanish politics: Why is Podemos losing ground? | In English | EL PAÍS

Filed under: Eurozone crisis Tagged: Austerity, Eurozone Crisis, Podemos, Spain

Parchment in the Fire: Left Parties In Portugal Vow to Topple New Center-Right Government

Filed under: Europe, Eurozone crisis Tagged: Austerity, Eurozone Crisis, Portugal

Parchment in the Fire: Surge in Portuguese Left Bloc Support Puts Socialist Party on the Spot | The Bullet No. 1179

Will Portugal finally see the end of austerity as administered for four years by the right-wing coalition (known as Portugal Ahead) composed of the Social-Democratic Party (PSD) and Democratic and Social Centre-People’s Party (CDS-PP)? In the country’s legislative October 4 elections this governing alliance, running for the first time as a single ticket called Portugal Ahead (except on the Azores), won the elections, but with only 38.4 per cent of the vote.

Source: Surge in Portuguese Left Bloc Support Puts Socialist Party on the Spot | The Bullet No. 1179

Filed under: Europe, Eurozone crisis Tagged: Austerity, (Read more…)