Puerto Rico’s Catastrophic Fiscal Adjustments
Imperialism seeks to prevent another Greek scenario. In Congress, Obama requested legislative reforms to clear the way for Puerto Rico to undergo bankruptcy processes. The republicans, who currently have the majority, are staunchly opposed to the proposed package. However, both parties on Capitol Hill want the island’s people and workers to pay the costs of the crisis.
Bárbara FunesNovember 7, 2015
Ford Workers from Brazil on Strike Against Mass Layoffs
Ford Workers in Brazil go on strike against mass layoffs amidst Brazil's economic crisis. The government-led union accepts that workers pay for the crisis, negotiating only how much the workers will be forced to pay.
Esquerda DiárioSeptember 14, 2015
Are we facing a new turning point?
One of the three most important credit rating agencies, the Anglo-Saxon agency Moody’s, has threatened to reduce the rating of 87 banks from 15 countries of the European Union (EU). Yesterday, in order to get credit in the market, the public bonds of the Italian debt paid an interest rate that is above those that […]
Paula BachDecember 9, 2011