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Politicians and oligarchs empty their Cyprus accounts before the introduction of banking restrictions

The Cypriot opposition is demanding to have the identity of depositors who emptied their accounts before the bank restrictions revealed. The controversy is served.  In the early hours, a week last Saturday, when the Cyprus Government agreed the controversial tax on the country’s savers with the Eurogroup, the authorities in Nicosia decreed the freezing of bank transfers, thereby starting a system of strict ...

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Spain: 6 million empty properties, 400,000 families on the streets

The spokesperson for the Mortgage Holders Platform, Chema Ruiz, criticised the Spanish economic model that, in his opinion, defends the banks and leaves people with an enormous debt, and losing their homes when it becomes impossible to repay. This situation has resulted in six million empty residences in Spain while 400,000 families have no home to return to at the end of the day. Ruiz reiterated the need f ...

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Demonstrations across Spain to demand the right to housing and the end of evictions

Following the report in Pressenza yesterday about the elderly couple in Majorca who committed suicide under pressure from their debts we report on social demonstrations taking part in Spain tomorrow.  The Platform of Mortgage Holders and groups of 15M (The Occupy movement in Spain) have called for protests across Spain on the 16th of February to demand the right to housing, access to social housing and the ...

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UK workers earn lowest in a decade

The real value of British workers’ wages has fallen back to 2003 levels in 2012, raising fresh concerns at the time of the country’s ailing economy, a new report suggests. According to figures released by the Office for National Statistics (ONS), British workers are earning no more than they were 10 years ago because of the current inflation rate. The ONS has blamed the fall on a number of causes, saying, “ ...

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Elderly Spanish couple commits suicide over debts

A retired Spanish couple has committed suicide after receiving an order to evict their home on the Mediterranean island of Mallorca due to unpaid debts. Authorities said the 68-year-old man and the 67-year-old woman, who took an overdose of prescription drugs on Tuesday in their home, stated in a suicide note that they have killed themselves because they were unable to pay their debts and were soon going to ...

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Imagine a Hedge Fund Manager as U.S. President

In the late summer of 1998, in the wake of the Asian financial crisis, a group of German and French professors of economics organised at the University of Bremen in Germany a seminar to discuss ways to re-regulate the international financial markets. The theme could not have been timelier: The disaster of the Mexican crisis in late 1994 had already shaken the foundations of neoliberalism in Latin America, t ...

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