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Austerity

New Tory govt doubles planned cuts in massive attack on welfare state
Slashed housing benefits, a further reduction in the state’s welfare cap and cuts to in-work tax credits are on the table as Chancellor George Osborne prepares to fillet Britain’s welfare state in his so-called “emergency budget” next week.

03.07.2015 12:51

‘No reason why Greece could not have two currencies’ - a euro architect
Today we still use an industrial age monetary construct while we have technologies to do things differently. Greece could create a precedent with a different way of addressing economic problems, says one of the architects of the euro, Bernard Lietaer.

03.07.2015 11:14

​RAF may lack aircraft to bomb Syria – expert
Britain’s Royal Air Force (RAF) may lack the warplanes to extend combat operations into Syria, even if Prime Minister David Cameron was to force and win a vote to do so in the wake of the Tunisia massacre, according to a military aviation expert.

03.07.2015 08:37

​‘Vote No, stay in euro’: Varoufakis gives 6 reasons why Greece should scramble bailout
Greece’s finance minister Yanis Varoufakis promises to keep Greece in the euro and avoid a banking collapse if the country votes against the rescue package proposed by the Eurozone. EU leaders say a No vote might force the country out of the currency.

02.07.2015 18:42

​‘Economically deluded’ Troika wants to punish Syriza – Green Party MP
EU creditors and ministers are seeking to punish Greece’s leftist government for daring to challenge “economically deluded” and inhumane austerity policies, Green Party MP Caroline Lucas has said.

02.07.2015 16:32

Greeks will vote ‘Yes’ over bailout terms, polls and bookmakers suggest
The latest polls and betting suggest Greece will back the cash-for-reform deal proposed by creditors in the July 5 referendum. They point to a mood shift since Athens closed banks and limited cash withdrawals.

02.07.2015 07:44

Justice Dept. investigating possible price fixing at airlines
Major US airlines are being investigated by the Justice Department for “possible unlawful coordination” in ticket pricing. The probe comes as airlines are benefiting from low jet fuel prices, and more people flying than ever before.

02.07.2015 00:32

​Austerity ‘condemns’ children to poverty – report to UN
Young people in the UK risk falling deeper into poverty if the government continues to make cuts to welfare programs, Britain’s four children’s commissioners have said.

01.07.2015 10:55

Thousands take to Spanish streets to protest anti-rally ‘gag law’
Mass protests greeted a new Spanish public security law that would make it harder for public to rally. Nicknamed the ‘gag law’, the new legislation puts restrictions on journalists reporting on police.

01.07.2015 09:46

Austerity not enough to save Greece - leaked IMF documents
Even if Greece accepted all of the austerity measures demanded by its main creditors, the Troika, it still would not be able to make ends meet by 2030, according to IMF estimates revealed in a set of documents obtained by a German newspaper.

01.07.2015 00:35

'€3 each to save Greece': Crowdfunding campaign raises almost €1mn in 3 days
A British shoe shop worker launched a crowdfunding campaign to help Greece pay back its $1.8 billion IMF loan. The host website's servers crashed from the traffic as donations from across Europe approached the €1 million mark.

30.06.2015 15:14

​Trade unionists, blacklisted activists demand police spying inquiry
Trade unionists are demanding a full inquiry into ‘very troubling allegations’ of police spying on activists and blacklisted workers.

30.06.2015 10:57