Pablo Martínez & Iolanda Fresnillo, PACD Spain. Hundreds of city councils all over Catalonia and the Spanish State are under financial hardship since the begging of the crisis. The debt of local corporations in the Spanish state has reached 67 billion Euros in December 2012, a rise in 230% since year 2000. Even though this…
13 August by Jérome Duval (PACD Spain) Six years of recession, an impressive drop in GDP from €231 billion in 2009 to €193 billion in 2012, unemployment at 26.9% in April 2013 from 7.5% in 2008, 57% for the under 25s, and an explosion of suicide cases… This overview of Greece is catastrophic and alarming…
This text was written collaboratively by PACD-Barcelona after receiving proposals from different political parties on debt audits. [Versión en Español] Political Parties and Audits. This past March 12th the left-wing parliamentarian group Izquierda Plural (IU, ICV-EUIA & CHA) presented in the Congress of Deputies a non-legislative motion for “the creation of a Public Debt Audit”,…
Source: http://ilesxi.wordpress.com/2013/03/19/crisis-democracy-and-the-euro/ Τhree years after submitting to the Troika Memorandum, Greece is falling apart. GDP has contracted more than 21% according to IMF calculations, and it is expected to dive another 6% in 2013. Never in world economic history, since statistics began, was such a fall of production recorded without being preceded by a war…
The Eurogroup’s decision to confiscate 6.75% of deposits in accounts up to 100,000 euros and 9.99% for sums over 100,000 is a decision destructive to Cyprus’ future and manifests an attack on the current situation of thousands of Cypriots. It is a decision which: • Is harmful to small depositors • Aims to wipe Cyprus…
Post by Emma Avilés, Spanish Citizen Debt Audit Platform (PACD Bcn) Racism is directly related to the economic crisis and the situation gets worse as social cuts progress. If for capitalists, the crisis is a creative destruction, how con we describe the destruction of social services, a youth forced to unnecessarily go abroad, pension cuts, immigration…
Post by Emma Avilés, Spanish Citizen Debt Audit Platform (PACD Bcn) The policies carried out are not going to get us out of the crisis. The psychological climate in Greece is of despair, disappointment and anger, they are in shock. People seek practical and individual solutions to systemic problems; such is the case of Debt. What…
Post by Emma Avilés, Spanish Citizen Debt Audit Platform (PACD Bcn) Confronting the failed State and the collapse of the Welfare System, the Greeks have begun to organise, fuelling the grassroots movement that softens the effects of the cuts and resists them. These networks arise of necessity, not ideology; many of their participants are non-political…
Nick Dearden, Jubilee Debt Campaign UK President Hollande of France was in Greece earlier this week, offering friendship and much needed investment to the economy. It’s interesting to discover today what he means by ‘investment’. Essentially Hollande is trying to position French companies to take advantage of the privatisation of Greece’s water, energy and railways,…
