financial crisis

By Ellen Brown First published on Truthdig, Oct. 02, 2018.   Wall Street owns the country. That was the opening line of a fiery speech that populist leader Mary Ellen Lease delivered around 1890. Franklin Roosevelt said it again in a letter to Colonel House…

In the heart of Neukölln-Berlin, in B-Lage, DiEM25 Berlin presented the film “Who is Saving Whom? – Crisis as a business model at the expense of democracy and social security”. Although the screening room was crowded and crammed with 80…

Human Wrongs Watch By Fernando J. Cardim de Carvalho* RIO DE JANEIRO, 30 December 2015 (IPS) – As 2015 approaches its end, Brazilians live a period of extraordinary uncertainty. The recession seems to get worse by the day. Inflation is…

Banks and corporations are being liberated from the rule of law, and are ripping the world apart. What have governments learnt from the financial crisis? I could write a column spelling it out. Or I could do the same job…

In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison. The majority of those convicted have been sentenced…

The recent rise to power of the left wing party Syriza with Tsipras as Prime Minister has renewed expectations about the paths that the country can take to resolve her crisis. Tsipras’s promise to put an end to the extreme…

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…

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…

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…

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…