SNP manifesto: Nicola Sturgeon promises Scottish veto on Brexit, end to austerity and higher taxes April 20, 2015 Nicola Sturgeon has vowed to end austerity economics at the SNP's manifesto launch at a rock climbing centre in Edinburgh. Sturgeon said that under no circumstances would the SNP do a deal with the Tories in the event of a hung parliament but would act to embolden a minority Labour government and shift policy to [...]
Labour party confused over austerity: Chuka Umunna clashes with Jim Murphy as Nicola Sturgeon soars in the polls April 13, 2015 As Labour attempts to claw back its credibility on the economy, two senior figures appear to be at odds with the party's approach to austerity. Ed Miliband presented Labour's manifesto in Manchester today with an eye-catching budget responsibility lock. Labour claimed their manifesto was fully costed and required no extra borrowing with the current deficit [...]
Anti-austerity riots in Frankfurt hit Central Bank March 18, 2015 THE OPENING of the European Central Bank’s (ECB) new €1.3bn (£940m) headquarters in Frankfurt was met with riots yesterday as demonstrations staged by so-called Blockupy activists turned ugly. Police vehicles and rubbish bins were set ablaze as police and protesters clashed, leading to dozens of arrests. Some 7,000 demonstrators took to the streets of Frankfurt, [...]
First Minister: We’ll prop up labour if it abandons austerity February 11, 2015 SCOTTISH National Party leader Nicola Sturgeon laid out her election plans in a speech at University College London yesterday. During her visit to the capital, Sturgeon refused to rule out a Westminster coalition with Labour but insisted that Ed Miliband’s party would have to commit to higher government spending. The title of her speech at [...]
Yanis Varoufakis vs Wolfgang Schauble: Debt stand-off intensifies as Germany refuses to back down on Greek austerity programme February 5, 2015 A tense meeting of the Greek and German finance ministers laid bare a still-considerable schism between the two Eurozone states yesterday, with little or no progress made over how to resolve Greece’s debt crisis. Neither Yanis Varoufakis nor Wolfgang Schauble gave away any ground during an uncomfortable press conference, with Varoufakis strongly criticising the austerity [...]
Mark Carney slams Eurozone austerity and urges common fiscal policy January 28, 2015 Mark Carney has launched a withering attack on the Eurozone's pursuit of austerity and urged a new course for European fiscal policy. Speaking in Dublin, the governor of the Bank of England warned the Eurozone could suffer another lost decade of stagnation and unemployment. "Since the financial crisis all major advanced economies have been in [...]
Tsipras joins up with right-wing party in anti-austerity coalition January 26, 2015 GREEK Prime Minister Alexis Tsipras is set to appoint economics professor Yanis Varoufakis to lead his bid to renegotiate the country’s debts with the EU and International Monetary Fund. Tsipras’ party Syriza gained 149 of the 300 seats in parliament, and so needed a partner. It picked 13-strong Independent Greeks, or ANEL – another staunch [...]
Greece elections 2015: Syriza forms new anti-austerity coalition government with the Independent Greeks January 26, 2015 The formation of a new anti-austerity government has put Greece on course for a showdown with its international lenders. Syriza, the radical leftist party, which fell painstakingly short of an overall majority in Greece's general election yesterday, has formed a coalition government with another anti-austerity party Anel, also known as the Independent Greeks. "I want to [...]
Greek elections 2015: Anti-austerity Syriza party record historic win January 26, 2015 Greece was set for a showdown with its international lenders last night after the radical far-left party Syriza won the country’s general election. By the early hours of this morning Syriza appeared to be on the brink of forming a coalition deal with fellow anti-austerity party Anel. The euro plummeted in early trading today, [...]
Coalition’s policies hit richest the most: Top earners bear brunt of government’s austerity measures January 22, 2015 The richest section of society has lost out more than any other from the coalition’s policies on taxes and benefits, according to the UK’s most respected fiscal think-tank. People whose incomes fall in the top 10 per cent have been hit the most by measures brought in since May 2010 – both in terms of [...]