protest

"With the current policy, will need force to keep it going against the interests of the people. You do not need to be a eurosceptic to conclude that such a monetary union is also deeply immoral." - Wolfgang Manchau, Eurozone Break-Up Edges…

Today Cyprus voted to reject the deposit tax with 36 MPs voting against and 19 abstaining. One MP was absent. No one voted for the deposit tax. And so this trial balloon of bailing in insured depositors has crashed and burned spectacularly.…

A reader of our blog here at Credit Writedowns recently wrote to me, detailing why Italians voted as they did in the recent general election. Her view speaks more to a rejection of corporatism and corruption than austerity.

Recent Bulgarian developments are worth discussing. Austerity just brought down another European government, as Prime Minister Borisov and his cabinet resigned this week amidst rising popular protests against his policies. But the story…

As the New Year begins, there are four events that are creating significant headwinds for the US economy. There has been a lot of talk about the fiscal cliff in the press but behind this is the debate over the US debt ceiling, which will be…

This weekly is a follow-up post to the daily I wrote on Greece earlier in the week. As I indicated then, my position on Greece has always been that eurozone leaders would be loathe to 'kicking Greece out of the euro zone". The talk of a…

The mood has turned against austerity in the euro zone because it is now rightly seen as anti-growth. The question is what next. Here I will hazard a few predictions of where euro zone policy is headed including a EuroTARP.

"The anger that prompted Christoulas to take his own life in Syntagma Square in view of the Greek parliament is shared by much of the middle-class and low-income Greeks who have carried a disproportionate burden of the stringent tax…

This is a day of the general strike in Spain, so a large number of the links below are about Spain and the situation there, in both English and Spanish.

Below is a video of scenes from the least peaceful parts of today's nationwide general strike in Spain. Other links are below. In general, the protests were peaceful.