Austerity

EU officials: 2,500 jobs to go in austerity deal

Two thousand five hundred EU officials are to lose their jobs in the next four years under a new austerity agreement. read full article

euobserver.com

Economic Rebalancing Acts by Robert Skidelsky

A phrase often heard, especially in leftist circles, is that the 2008 crisis has given us an opportunity to “rebalance the economy,” with production for profit yielding to production for “well-being.”… read full article

project-syndicate.org

Prime Minister’s ‘Loose Cannon’ Style Divides Greece
NPR
Antonis Samaras became prime minister of Greece a year ago, when the world assumed his country, battered by debt and austerity, would exit the eurozone. European leaders were openly relieved that Samaras’ conservative, pro-bailout New Democracy …
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COLUMN: Beth Farhat – Heavy toll of austerity nebusiness.co.uk On the 20th and 21st June the TUC Austerity Uncovered bus stopped at Carlisle, Newcastle, Sunderland and Stockton. Staff and campaigners spoke to people facing a variety of challenges, including the arbitrary bedroom tax, rising bills, pay freezes, pay … See all stories on this topic »

What’s killing Labour? A thousand failures to oppose the cuts The Independent His statement last week should have been rebranded “The Comprehensive Review of the Failure ofAusterity”. The Tories’ central pledge at the last election, after all, was that the deficit would be erased, wiped out, vanished over the course of this … See all stories on this topic »

Economic Rebalancing Acts Project Syndicate LONDON – We all know how the global economic crisis began. The banks over-lent to the housing market. The subsequent burst of the housing bubble in the United States caused banks to fail, because banking had gone global and the big banks held one … See all stories on this topic »

A brief look at Britain’s economy as new Bank of England governor takes charge Edmonton Journal Prime Minister David Cameron’s government instituted an austerity program to make ends meet and shrink the size of the government. The respected Institute for Fiscal studies estimates that 1 million public sector jobs could be lost by 2017-2018. Even … See all stories on this topic »