Showing posts with label austerity. Show all posts
Showing posts with label austerity. Show all posts

Tuesday, February 18, 2014

New Catholic Cardinal Renews Attack on 'Disgraceful' UK Austerity Cuts

The Archbishop of Westminster, Vincent Nichols, said the
government's crackdown on benefit cheats was disproportionate
as only 1% of the welfare budget went on fraudulent claims.
THE GUARDIAN: Roman Catholic archbishop Vincent Nichols, who is to be made a cardinal by Pope Francis, inundated with messages of support

The leader of the Roman Catholic church in England and Wales says he has been inundated with messages of support after branding the government's austerity programme a disgrace for leaving so many people in destitution.

In an interview with BBC Radio 4's Today programme to mark his imminent appointment as a cardinal by Pope Francis, Archbishop Vincent Nichols expanded upon his comments to the Telegraph when he criticised the government's welfare reforms as "punitive".

"The voices that I hear express anger and despair … Something is going seriously wrong when, in a country as affluent as ours, people are left in that destitute situation and depend solely on the handouts of the charity of food banks," Nichols said. » | Matthew Weaver | Tuesday, February 18, 2014

Friday, February 14, 2014

New Cardinal Vincent Nichols: Welfare Cuts ‘Frankly a Disgrace’


Archbishop Vincent Nichols, the leader of Roman Catholic Church in England and Wales, condemns Government's austerity programme as a ‘disgrace’ for leaving poor facing ‘destitution’


Read the Telegraph article here | John Bingham, Religious Affairs Editor | Friday, February 14, 2014

Saturday, February 01, 2014

Poverty Crime: UK Shoplifting Soaring as Tough Economic Times Bite Deeper


The five-finger discount is no longer the domain of bored kids and petty criminals in Britain. Many are now resorting to shoplifting for their basic needs, as RT's Polly Boiko has been finding out.

Wednesday, January 15, 2014

Vanity Art: UK MPs Splash £250k of Public Cash on Portraits


At a time of economic unease and deep welfare cuts - British politicians haven't been holding back when it comes to immortalizing their colleagues on canvas and in sculpture while leaving taxpayers to pick up the tab. RT's Polly Boyko reports.

Monday, January 13, 2014

Right March: Anti-EU Nationalist Parties Surge Amid Economic Hardship Fears


Nothing seems to be able to stop Europe's lurch to the political right. With only tentative signs of economic growth and precious little good news for deeply indebted countries like Greece and France, it's a movement that seems difficult to reverse. RT's Peter Oliver takes a closer look at a continent in search of new answers to hard problems.

Saturday, October 12, 2013

'EU Faces Catastrophe with Pain & Suffering Equal to WWII'


The Red Cross says Europe is heading into a long period of mass unemployment, inequality and social despair. The organization believes austerity policies are to blame according to a report obtained by Britain's Guardian newspaper. It forecasts bleak times ahead for about 120 million Europeans living in, or close to, poverty. The report says those out of work for more than a year amount to 11 million. For more thoughts on Europe's sinking economy RT joined by Chris Clarke, a senior lecturer at Nottingham Business School.


Related »

Thursday, October 10, 2013

Austerity Pushing Europe into Social and Economic Decline, Says Red Cross

A homeless beggar in Athens
THE GUARDIAN: Critique of response to EU debt crisis highlights unemployment, widening poverty gap, and growing risk of social unrest

Europe is sinking into a protracted period of deepening poverty, mass unemployment, social exclusion, greater inequality, and collective despair as a result of austerity policies adopted in response to the debt and currency crisis of the past four years, according to an extensive study being published on Thursday.

"Whilst other continents successfully reduce poverty, Europe adds to it," says the 68-page report from the International Federation of Red Cross and Red Crescent Societies. "The long-term consequences of this crisis have yet to surface. The problems caused will be felt for decades even if the economy turns for the better in the near future … We wonder if we as a continent really understand what has hit us."

The damning critique, obtained exclusively by the Guardian, of the policy response to the debt crisis that surfaced in Greece in late 2009 and raised fundamental questions about the viability of the euro single currency, foresees extremely gloomy prospects for tens of millions of Europeans. » | Ian Traynor in Brussels | Thursday, October 10, 2013

Saturday, September 21, 2013

Greece Seized by New Sense of Foreboding as Violence Flares in Streets

THE GUARDIAN: Clashes between far-right Golden Dawn and anti-fascists raise fears that crisis has reached new stage

It was not the scene that Greece's international stewards envisaged when they last visited the country at the epicentre of Europe's financial mess. When representatives of the "troika" of creditors arrived in June, book-keeping in Athens had been problem-free and monitors described their inspection tour as "almost boring". The great Greek debt crisis, it seemed, had finally gone quiet.

But when mission heads representing the European Union, International Monetary Fund and European Central Bank fly into Athens on Sunday – for the start of a review upon which the future of Greece will hang – what they will find is a country teetering on the edge: its people divided as never before, its mood brittle, its streets the setting for running battles between anti-fascists and neo-Nazis. And unions girding for battle.

After six years of recession, four years of austerity and the biggest financial rescue programme in global history, it is clear that Greeks have moved into another phase, beyond the fear, fatigue and fury engendered by record levels of poverty and unemployment.

Along with the teargas – fired on Monday for the first time in more than a year outside the administrative reform ministry – there is a new sense of foreboding: a belief that they might never be "saved" and, worse still, could turn against each other.

This week's murder of the hip-hop artist Pavlos Fyssas by a member of the far-right Golden Dawn party highlighted that fear. Read on and comment » | Helena Smith in Athens | Friday, September 20, 2013

Friday, September 20, 2013

Austerity to Push 25 Million More Europeans into Poverty by 2025 - Report


Inequality, unemployment, soaring debt - Europe's had its share of troubles in the five years since the financial crisis struck. The aggressive austerity programmes launched to cure the ailing economy appear to have made everyday life worse. A new report suggests almost a third of Europeans will live in poverty by 2025.

Thursday, May 09, 2013


Queen's Speech: Monarch to Get Huge Pay Rise as Brits Tighten Belts

The UK is staying committed to measures that reduce the country's deficit - the British Queen has laid out her government's agenda for the next year. In her speech she said it will work to promote a fairer society to reward those who work hard. However what may sound a little unfair for austerity-hit Britain, is the news that the royal family's set to get a 5-million-pound pay rise.

Friday, May 03, 2013


The True Cost Of Austerity

The hard-hitting findings of a new study sheds light on the social impact of devastating spending cuts.

Monday, April 29, 2013


Cost of Austerity Measures Is Poor Health

THE DAILY TELEGRAPH: Recession-driven austerity measures aren't just bad for your wealth - they're harming your health.

The after-effects of the financial crisis is driving a wave of suicide, depression and infectious diseases as medicine and treatment become prohibitively expensive across Europe and North America, according to new research by academics.

After examing a decade of studies, Oxford University political economist David Stuckler and Sanjay Basu, an assistant professor of medicine and an epidemiologist at Stanford University, have concluded austerity is seriously bad for health.

More than 10,000 suicides and up to a million cases of depression have been diagnosed during what they call the "Great Recession" and the austerity that followed it , the pair conclude in a book due to be published this week.

They cite examples in Greece, which has seen the rate of the Aids-causing HIV virus increase by 200pc as the health budget have been cut. The more than 50pc youth unemployment rate has also seen drug abuse on the increase, hastening the spread of the virus.

Greece also experienced its first malaria outbreak in decades following budget cuts to mosquito-spraying programmes. » | Alan Tovey, and agencies | Monday, April 29, 2013

Clash of Titans: Franco-German Ties Crack as Hollande Slams Merkel

The partnership, which used be the heart of EU decision-making, is now set for cooler times. Francois Hollande's ruling Socialists in France have attacked the German Chancellor for acting only in her country's interests in a draft document on European policy. Although party officials later said the strong words would be removed, the sting reflects growing EU resentment against German austerity. RT discusses it all with investment adviser Patrick Young.


Verwandt »

Sunday, April 28, 2013


Iceland's Voters Oust Austerity Government

Poll count shows voters have rejected austerity government to return centre-right parties that ruled over financial collapse five years ago.


Verwandt »

Sunday, April 07, 2013


Eurozone Faces New Challenge as Portugal Blocks Cuts

THE SUNDAY TELEGRAPH: The eurozone crisis threatens to flare up again this week after Portugal's constitutional court blocked the country's planned austerity programme.

The single currency bloc has already been destabilised by Cyprus and now faces fresh uncertainty if Lisbon cannot find new savings to meet the conditions of its €78bn (£66bn) bail-out.

Pedro Passos Coelho, Portugal’s prime minister, said last night that the rejection posed “serious obstacles and risks” to Portugal’s progress in meeting its bail-out commitments, but that it would “do everything to avoid a second rescue”.

“The government is committed to all the objectives of the programme,” he said. Luis Marques Guedes, secretary of state for cabinet matters, said at the weekend: "The constitutional court's decision places serious difficulties on the country to comply with the goals and budget targets it has to meet. The government doesn't agree with the interpretation of the constitution."

The court ruled that planned cuts in salaries to state workers and payments to pensioners were in breach of the constitution. The measures were expected to save as much as €1.3bn annually, a large slice of the €5bn of fiscal consolidation planned for this year. Mr Passos Coelho said that he had asked ministries to slash spending in order to avoid further tax rises. » | Philip Aldrick, Economics editor | Sunday, April 07, 2013

Wednesday, January 30, 2013

Clashes in Athens as Protesters Break into Govt. Building


RT.COM: Austerity enraged protesters broke into a government building and threatened the labor minister, Wednesday. Riot police then intervened with tear gas, batons and pepper spray, with one person taken to hospital. Read on » | Wednesday, January 30, 2013

Wednesday, November 14, 2012

Austerity Protests in Spain and Portugal on Europe-wide Day of Action

Union members and activists in Madrid and Lisbon gather to join a European day of action against austerity measures. Workers in Spain, Greece, Italy and Portugal were all due to hold protests on Wednesday. A 24-hour strike causes transport disruptions, including many cancelled flights

Tuesday, November 13, 2012

'Merkel Get Out!': Chancellor Faces Angry Protests in Portugal

SPIEGEL ONLINE INTERNATIONAL: Following her visit to Greece a few weeks ago, Angela Merkel made her first official visit [to] crisis-plagued Portugal on Monday. With the trip, the German chancellor sought to bring a bit of hope to the struggling nation. But as in other Southern European countries, a weary public greeted her with angry protests.

It didn't take long after her plane landed in Lisbon for it to become clear just how poorly some in Portugal regard Angela Merkel. "Hitler go home," read one banner held up by a man standing on the sidewalk as the German chancellor's motorcade passed by. A few meters further, a person waved a black flag and two others stretched their arms out to give the Hitler salute.

It wouldn't be off the mark to suggest that the location of the day's most important meeting was a well-chosen one. Forte de São Julião da Barra, a fortress with massive walls and moats, located kilometers away from Portugal's capital city on a cliff with a sweeping view of the Atlantic Ocean, is virtually impregnable. It is the country's most important sea fortress and serves today as the headquarters of the Portuguese Defense Ministry. It is to this fortress that Portuguese Prime Minister Pedro Passos Coelho invited the chancellor on Monday for her first official visit to the debt-plagued country at the southwestern edge of Europe. » | Philipp Wittrock in Lisbon | Tuesday, November 13, 2012

Thursday, November 08, 2012

Anger in Athens as Greek Austerity Measures Passed

THE GUARDIAN: Petrol bombs thrown and teargas and water cannons used during protests as draconian cuts pass narrowly

It came after a night of rain, tear gas and clashes. But after four months of tortuous negotiations and a rancorous parliamentary debate, the Greek parliament finally announced late on Wednesday night that it had passed the most draconian package yet of austerity measures needed to keep Europe's weakest economy afloat.

Following heady scenes inside and outside the 300-seat house, 153 MPs supported the €13.5bn (£10.8bn) package in a vote that will be remembered as perhaps the most electrifying in the history of the three-year Greek debt crisis.

Approval of the spending cuts, tax rises and labour reforms was given with a weakened majority – seven rebels voted against the measures – but on trade markets around the world there were signs of relief. Mandarins in Brussels said the ballot would pave the way to the release of €31.5bn in EU and IMF sponsored rescue funds – desperately needed to keep bankruptcy at bay.

"Greece today has taken a big, decisive and optimistic step. A step towards recovery," said prime minister Antonis Samaras after the cliffhanger vote. "I am very pleased," he told reporters before emphasising that the "next step" was passage of the 2013 budget in a vote on Sunday. » | Helena Smith in Athens | Wednesday, November 07, 2012

Verwandtes Video »

Thursday, June 07, 2012

Germany's Chancellor Merkel Urges EU Political Union

BBC: German Chancellor Angela Merkel says the EU needs a political union even if it means some countries integrating faster than others.

Speaking on German TV, she called for "more Europe", including a budgetary union, saying "we need a political union first and foremost".

"Step by step we must from now on give up more competences to Europe, and allow Europe more powers of control."

However, she has resisted calls for the joint issuing of eurozone debt.

She will hold talks on Thursday with UK Prime Minister David Cameron, who has urged the 17-nation eurozone to speed up measures to build a budgetary union to shore up the embattled monetary union.

Ms Merkel's insistence on economic austerity and budget discipline has alienated many Europeans who say the policy is strangling growth and piling more debts on the struggling "periphery" countries like Greece and Spain. » | Thursday, June 07, 2012

N-TV: "Wir brauchen eine politische Union" – Merkel will vorangehen: Bundeskanzlerin Merkel will mehr Macht an Brüssel abgeben - und zwar auch dann, wenn nicht alle EU-Staaten mitmachen. Wichtig ist ihr, dass die Euro-Staaten enger zusammenwachsen. Damit verschreibt sie sich einem Konzept, das lange als Tabu galt: Das Europa der zwei Geschwindigkeiten. Man dürfe nicht stehen bleiben, "weil der eine oder andere noch nicht mitgehen will." » | Quelle: n-tv.de, dpa/rts | Donnerstag, 07. Juni 2012

SUEDDEUTSCHE ZEITUNG: EU-Gipfel – Merkel will politische Union in Europa vorantreiben: "Mehr Europa": Angela Merkel will sich auf dem nächsten EU-Gipfel für eine Stärkung der politischen Union in Europa einsetzen. Gleichzeitig warnt die Kanzlerin aber vor allzu hohen Erwartungen - an einen "großen Wurf" glaubt sie selbst nicht. » | Donnerstag, 07. Juni 2012