New poll reveals the consensus behind austerity is shattering
Politics and public opinion across Europe changed decisively in May; before then the austerians dominated – but now, the tide has turned, writes Steve Hart.
austerity
Oxfam: Austerians guilty of “bad economics, bad arithmetic and ignoring the lessons of history”
A group of leading economists and social scientists have said austerians are guilty of “bad economics, bad arithmetic and ignoring the lessons of history”.
Memo to EU leaders: If austerity fails, it’s austerity’s fault – not that of workers’ rights
Europe needs an alternative vision and this has to be done by putting faith in people, rather putting faith in the “elites” and destroying social rights.
Now the Tories come for the blind people’s benefits
It emerged today the Tory-led government has plans to attack the benefits of blind people, reports Shamik Das.
Krugman: “Keynesians have been completely right, Austerians utterly wrong”
“The results are in: Keynesians have been completely right, Austerians utterly wrong – at vast human cost” – so wrote Nobel laureate Paul Krugman today.
Osborne’s ideology-driven economics have failed: We’re all paying the price
The double dip recession is a result of George Osborne’s ideological agenda and rejection of stimulus economics, writes Cormac Hollingsworth.
Another day, another downgrade
UK fourth quarter GDP last year was downgraded this morning to a 0.3% shrinkage from 0.2%, with growth for the whole year revised down from 0.8% to 0.7%.
US recovery shows the failure of Osborne’s ‘Voodoo Economics’
While the US economy shows encouraging signs of recovery, we in the UK are paying for chancellor George Osbourne’s own misguided version of Voodoo Economics.
All the signs are there for another credit crunch
the threads of forbearance and liquidity holding up the balance sheets of the private banking system are growing perilously thin, writes Ann Pettifor.
Greece’s Armageddon: Could the military seize power to ‘restore order’?
With the €130bn Greek bailout package finally approved by the troika, markets appear to be rallying – but it’s far from certain the country is saved.