Austerity Today- Austerity Won’t Work if the Roof Is Leaking


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 Austerity Won’t Work if the Roof Is Leaking


New York Times
Hasn’t Germany been one of the most outspoken advocates of fiscal austerity after the financial crisis? Yes, and that’s not a contradiction. Fiscally responsible businesses routinely borrow to invest, and so, until recently, did most governments 
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Anxious, austerity-minded, but worldly: the young Britons of Generation A
The Guardian
This is Generation Y, born between the 1980s and the millennium, hammered by the recession andausterity. Generation Y faces more years of financial slowdown, but what is to become of the cohort following in its footsteps, arguably moving through an 
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Labour and the Tories’ woes show our political system is breaking apart
New Statesman
On the other side of the political aisle, activists from the People’s Assembly Against Austerity don’t think much of Labour either. One of their luminaries, PCS general secretary Mark Serwotka, spelled out why in his Staggers piece last week, berating 
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Potential Mistakes (Wonkish)
New York Times (blog)
Understating output gaps leads to excessive demands for austerity and excessive complacency at central banks; this perpetuates the depression; and the longer the depression goes on, the more misleading the standard estimates become. So it’s good news 
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Municipal workers protest in Greece over government layoff plans
Press TV
Greece has been at the epicenter of the eurozone debt crisis and is experiencing its fifth year of recession, while harsh austerity measures have left about half a million people without jobs.” Greek municipal employees have held demonstrations against 
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Calls for a 5pc rise in welfare cash for our poorest OAPs
Herald.ie
Age Action Ireland says the cumulative impact of a series of austerity budgets is having a devastating impact on our senior citizens. The advocacy group has pleaded with the Government, particularly Social Protection Minister Joan Burton, to include a 
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Bulgaria’s president calls for early elections amid mass anti-government protests
The Province
The government of Prime Minister Plamen Oresharski took office after the May 12 early elections following the resignation of his predecessor Boiko Borisov amid antiausterity protests. The appointment of controversial media mogul Delyan Peevski as head 
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Teen ‘lying on the road for an hour’ in wait for ambulance
Irish Independent
AUSTERITY measures are to blame for leaving a 14-year-old girl lying on the road awaiting an ambulance for more than an hour, the union representing HSE ambulance drivers claims. Also in this section. Robinson at festival · Dissident arms haul is 
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Social Justice Ireland wants Govt to increase pension payments
Irish Examiner
Cuts to income and services have left pensioners at breaking point, it was claimed today. Age Action warned Government that the cumulative impact of multiple austerity budgets was having a severely damaging effect on the most vulnerable of older people.
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The withering of America’s exception agriculturelle
Financial Times
Lacking the money for a proper stimulus and the time to wait for the healing power of austerity, Europe’s leaders have pinned their economic hopes on trade with the US. Negotiations on the proposed transatlantic trade and investment partnership, which 
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Ipsa: MPs’ role in our democracy ‘should be recognised’
Telegraph.co.uk
Independent Parliamentary Standards Authority (Ipsa) chairman Sir Ian Kennedy admitted that theausterity being felt by the country made its review of MPs’ salaries and pensions tougher, but said that the role MPs play in a democratic system means they 
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China: luxury dining goes mid market
Financial Times (registration) (blog)
There is plenty of room for skepticism about whether Beijing’s latest austerity drive will have any lasting impact on the per capita consumption of Lamborghinis by government officials. But in one area it clearly has had a marked effect: luxury dining.
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Italian austerity drive forces Vatican to pay more property tax
BusinessGhana
More ». Italian austerity drive forces Vatican to pay more property tax. News Date: 5th July 2013. The Vatican said Thursday it had to pay an extra 5 million euros (6.5 million dollars) in property tax last year as a result of austerity measures 
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About Old Boy

Love the past and the future but live in the present

Posted on July 7, 2013, in Anti Austerity, Austerity, Banking, buisiness, EU, Government, IMF/ECB, International affairs, politics, UK, USA and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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