Italy has put an island in the Venice lagoon up for auction in order to attract international funds to help ease crippling public debt. An army barracks in Trieste and a residence in Loreto – a Catholic pilgrimage site - are among those up for bidding.
Two people have been injured as Greeks rioted over the opening of shops on Sunday. Hundreds of protesters gathered in Athens’ main shopping district, resulting in clashes with riot police who tried to disperse the protesters with tear gas.
At least 80 people – both police and protesters – have been injured as street battles broke out in Rome, with rocks being flung and police deploying pepper spray. Thousands took to the street to march against austerity measures.
Huge debt and unemployment in Greece are the result of the extreme neo-liberal policies pursued by the Troika that are just aimed at saving the banks but not the people, Kostas Isyhos, a member of the political secretariat of Syriza party, told RT.
Two recent events – violence on the floor of the Ukrainian parliament and the launch of a criminal trial for an Occupy Wall Street activist – are both an example of a rising trend in global politics: austerity terrorism.
On the one side we have a government that has carried out renationalization, which has confronted the greedy foreign-owned energy companies, and presided over a rise in real wages and a fall in unemployment.
The UK’s National Health Service (NHS) is wasting dozens of millions of public money on over 1,100 “unnecessary jobs” such as car park environmental officers and art curators, the think tank TaxPayers' Alliance (TPA) revealed.
More than 10,000 Greeks from a number of trade unions have protested outside the nation's Parliament as the legislative body narrowly approved an omnibus law of reforms needed for the country to receive next tranche of EU-IMF bailout.
The student loan industry is booming, saddling over 37 million college students and graduates with $1.08 trillion in loans in 2013, even as President Barack Obama and lawmakers work to rein in the crippling debt young people face in the US.
The Ukrainian parliament has adopted an anti-crisis bill proposed by the IMF to secure an international financial aid package. Ordinary Ukrainians will have to tighten their belts to help the coup-installed government keep the collapsing economy afloat.