People before profit "Without social justice there is no freedom. My political goal is democratic socialism, a peaceful and democratic society for all people, free from exploitation."(Gesine Lotzsch leader of Die Linke)
Saturday 2 July 2011
More cuts and privatisation of state assets for Portugal
Prime Minister Passo Coelho of the centre-right liberal/conservative Social Democratic Party (PSD) has announced a new wave of income tax rises and sell-offs of state-owned companies to satisfy international finance capital which will include the education system and courts. There has already been a package of welfare cuts and tax rises to secure a €78 billion (£70bn) loan reducing the budget deficit from 10.1 per cent of GDP in 2009 to 9.1 per cent in 2010.
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Thursday, 14th July 2011 Italian Senate approved a crucial €70 billion, passed by 161 votes to 135 in the Senate on Thursday.
ReplyDeleteEarlier this week, the International Monetary Fund asked Italy to ensure "decisive implementation" of spending cuts.