Italy's Five Star Movement owes a big debt to the left – but won votes by rejecting it
The Big Loser? Austerity
Why, given the failure of austerity economics, haven't we seen a policy shift to stimulation of the economy?...the push for yet greater austerity has less to do with a deep concern by Europe’s elites over debt—it is high but manageable—than as part of a stealth campaign aimed at dismantling rules and regulations that protect worker rights, unions, and the environment. Meanwhile Washington is concerned with the effect of the economic crisis on the viability of NATO.
Italy’s general election on February 24-25 comes at a decisive moment for this country and for Europe. The neoliberal consensus that has powered Germany’s (and Europe’s) mean and miserly response to the 2008 depression seems to be faltering. Italians have a chance to make a real choice. To put it in a nutshell: Is the answer to our present economic and social ordeal more fiscal probity, or is it more social justice?
Millions take part in strikes, stoppages and marches on day of co-ordinated action as eurozone teeters on return to recession
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