Sarkozy stands firm as French pension protests escalate
Reuters John Lichfield The Independent President Nicolas Sarkozy could face the greatest challenge of his presidency in the next few days as a month-old protest…
Austerity
Frightening Charts Show Record Low Revenue, Worst-Ever Austerity Measures For US Cities
Image: National League of cities Gus Lubin Business Insider Municipal pain is at its worst level on record, according to annual report from the National…
IMF admits that the West is stuck in near depression
If you strip away the political correctness, Chapter Three of the IMF’s World Economic Outlook more or less condemns Southern Europe to death by slow…
Joseph Stiglitz: the euro may not survive
Joseph Stiglitz, one of the world’s leading economists, has warned that the future of the euro is “looking bleak” and the fragile European economic recovery…
Will the Dollar Rebound Before Being Dissolved Into Global Currency?
Eric Blair Activist Post Every time the dollar begins to decline, I wonder, “Is this it, is this the end to the fiat dollar?” The…
Consumers Still Aware of Impending Doom
10% Savings Rate + Consumer Spending at 65% of GDP = Retail Disaster Jim Quinn Minyanville Now that the Wall Street Journal, New York Times,…
Global unemployment to trigger further social unrest, UN agency forecasts
International Labour Organisation (ILO) notes that social unrest has already been reported in at least 25 countries Madrid protests – Paul White/AP Photo Julia Kollewe…
Workers rally across Europe to protest against cuts
Demonstrations planned in Brussels and dozens of European cities against austerity measures Madrid protests – Paul White/AP Ian Traynor Guardian The cities of Europe are…
A Mood of Austerity and Anxiety in Europe
Liz Alderman NY Times Anastassios Haros never used to be angry or afraid. These days, that’s almost all he feels after Greece became the epicenter…
Fears rise as EU nations aim to raise borrowing
David Oakley Financial Times The eurozone debt crisis is about to enter a critical phase as governments prepare to step up borrowing in the capital…
EU austerity policies risk civil war in Greece, warns top German economist
Greece’s austerity measures cannot prevent default and will lead to a breakdown of the political order if continued for long, a leading German economist has…
Cuts in Social Security Weighed by Panel
Laura Meckler Wall Street Journal A White House-created commission is considering proposals to raise the retirement age and take other steps to shore up the…
Government Austerity Backfires Puts Greece into Death Spiral
DPA Corinna Jessen Speigel Online The austerity measures that were supposed to fix Greece’s problems are dragging down the country’s economy. Stores are closing, tax…
The International Money Changers Reward the Euro for Forcing Austerity
3-Month Euro Chart Activist Post The Wall Street Journal reported Thursday that the Euro has reached an 11-week high against the dollar. NEW YORK –The…