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European Water Movement on Greece’s side: Second letter-response to the EU Commission

A new letter was sent today signed by more than 20 organizations that belong to the European Water Movement to Commissioner Olli Rehn and the European Commission after the very late response of his directorate (over a year!) on their first letter. Our concerns are shamelessly confirmed since in this text, it is clearly stated that the Commission policy is indeed to impose the privatization of water services ...

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Europe's Crisis Is Germany's Blessing

Its neighbors may be suffering, but the euro crisis has created conditions that actually benefit the German economy. Not only is the government enjoying the windfall of negative interest rates on bonds, but unemployment is down and exports are booming. By Stefan Schultz   It's every debtor's dream. When asked for a loan, the bank not only agrees, but actually pays the borrower for their patronage. It s ...

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Mainstream media whitewashes the facts behind TrapWire scandal

The discovery of a surveillance system named TrapWire has connected state and federal law enforcement agencies with a vast intelligence infrastructure, raising questions everywhere — except in the mainstream media. The New York Times finally brought TrapWire into discussion late Monday in an article published on their website that has journalist Scott Shane discarding initial reports made about the surveill ...

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The neoliberal Games: who are the real winners from London 2012?

Far from embodying some timeless ‘Olympic spirit’, the 2012 Games reflect the injustice and inequality of the current economic system, writes David Renton. Long before John Carlos stood beside Tommie Smith to give their famous clenched-fist salutes on the podium at the 1968 Olympics, he was a boy growing up in Harlem. ‘When I first learned about the existence of the Olympics,’ he recalls, ‘my reaction was d ...

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Barclays’ Libor Scandal: Prison Will Remedy

by businessinsider   Many executives on Wall Street and in The City, London’s central business district, have reason to be VERY NERVOUS this morning. Their sweaty palms have nothing to do with the ongoing crisis in Europe or this week’s likely weak employment report here in the United States. The nerves have everything to do with the fallout from the Libor-manipulation story that has been centered on B ...

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Robert Mundell, evil genius of the euro

For the architect of the euro, taking macroeconomics away from elected politicians and forcing deregulation were part of the plan The idea that the euro has "failed" is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do. That progenitor is former University of Chicago economist Robert Mundell. The architect of "supply ...

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To the international academic community: Greek Universities in Danger

In the last few years, a wave of ‘reforms’ within the European Union and throughout the world has subjected Higher Education to the logic of the market. Higher Education has increasingly been transformed from a public good and a civil right to a commodity for the wealthy. The self-government of Universities and the autonomy of academic processes are also being eroded. The processes of knowledge production a ...

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Neoliberalism is destroying Europe

Austerity and repression won't bring Europe out of crisis, we need a social struggle against free market politics. By Christian Marazzi The European sovereign debt crisis, which was caused by member states' public debt but increased because of the actions taken to rescue the banks after the 2008 crisis, demonstrates at least three things. First, that currency does not exist without a state. Second, that cap ...

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