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‘No way out for Greece while the same policies of austerity are implemented’

By Russia Today* (RT), 20 July 2014 – Greece has become a social experiment for the implementation of the most extreme neo-liberalism aimed at not contaminating the eurozone during the first period of the crisis, with the same policies being followed now, Greek MEP George Katrougalos told RT. RT: The Wall Street Journal recently suggested the IMF owes Greece an apology for making its financial struggle wors ...

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UK: On TTIP and the NHS, they are trying to bamboozle us

By John Hilary 14 July 2014, for Open Democracy The TTIP trade treaty talks re-open in Brussels this week. We should not be reassured by the convenient 'leak' of a private letter between key TTIP advocates claiming the treaty poses no threat to the NHS. The NHS [National Helath Service]has become a key battleground for the Transatlantic Trade and Investment Partnership (TTIP), the controversial treaty curre ...

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EU: A union for big banks

Published by the Corporate Europe Observatory in January 2014 We reproduce here the Conclusions of this exhaustive study into the new EU "Banking Union". The original can be read here Though the banking union is an ambitious project, it is not particularly promising. Bankers, Commissioners, politicians and governments have depicted the banking union as a solution to all ills of the banking sector. But while ...

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Argentina Deplores Announcement on Vulture Funds

Buenos Aires, Jul 16 (Prensa Latina) The Argentine Government deplored today a paid announcement on the vulture funds published by the Clarin and La Nacion newspapers asserting that the country undergoes a technical suspension of payments. Jorge Capitanich, Chief of the Cabinet of Ministers, asserted this morning that Argentina does not undergo a technical default, as stated by that announcement, because th ...

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Half the World Is Under 25, and Half of Those Employed Are “Stuck in Low-wage, Dead-end jobs”

Half the world is under 25 years of age – nearly 90 per cent of them in developing countries, according to UN figures. However, half of those employed from the group are either unemployed or in UN secretary general Ban Ki-moon’s words, “stuck in low-wage, dead-end jobs.” With 1.8 billion young people around the world – the largest generation of youth in history – senior United Nations officials marked World ...

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Problems Inspire Ingenious Solutions in Peruvian Amazon Town

By Milagros Salazar JEPELACIO, Peru, Jul 2 2014 (IPS) - He may look like a rapper, but 33-year-old José Antonio Bardález is the mayor of Jepelacio, in the Peruvian Amazon. His ingenious innovations in the municipality include transforming waste management into a source of income and making spring water a source of drinking water. “I’m a civil engineer, but people think I’m an environmental engineer,” the ma ...

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Telefonica-Movistar: a united fight against exploitation

The tentacles of Spain’s Telefonica Movistar spread far and wide. I refer not only to the interests of their shareholders, such as banks BBVA and La Caixa, or close links with political power, and their “representatives” on the board, but its “army” of workers. In Spain, the company claims to have 20,000 people on contract. The reality is that 100,000 more work for the company, in the shadows, through subco ...

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Equatorial Guinea: African Union Discusses Creation of African Monetary Fund

Malabo, Jun 27 (Prensa Latina) A project to create an African Monetary Fund is among the proposals being presented by regional leaders attending the 23rd Summit of the African Union (AU), which concludes its sessions in Equatorial Guinea''s capital today. The list of legal initiatives under discussion at the meeting also include AU Convention projects on cyber-security and another having to do with trans-bo ...

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Argentina Government Highlights World Support against Vulture Funds

Buenos Aires, Jun 26 (Prensa Latina) The head of the Argentinian Cabinet, Jorge Capitanich, today thanked the international community for its increasing clear, strong, and longstanding support in his country´s fight against vulture funds. Capitanich highlighted the recent support given by the Group 77 plus China which unanimously expressed its solidarity with Argentina in the judicial process it is enduring ...

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Argentina Alleges Extortion After Supreme Court Sides with Vulture Funds Preying on Sovereign Debt

We look at a case that is being called the "trial of the century" in how poor countries repay sovereign debt. This week, the U.S. Supreme Court rejected an appeal from Argentina over its $1.5 billion debt in a ruling critics say validates predatory behavior by so-called "vulture funds." The case involves hedge funds that bought up Argentina’s debt at bargain rates after its financial crisis more than a deca ...

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