Archive for October, 2010

The SNP’s upcoming proposed Scottish budget for 2011/2012 should be an opportunity to put a radical alternative to the austerity which the Coalition is trying to impose on us. Instead the SNP will themselves exert further austerity on the Scottish people. They will bundle all the budget cuts announced at department level by the Coalition’s [...]

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As it currently exists the Euro as the single European currency is highly unstable. Ultimately it can only succeed if backed by a single European state power and the unification of existing national currency reserves. The latter is not the case but the former is only partially true. A single European state can only be [...]

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Lord Hutton’s report last week recommending changes to the public pension system is part of an assault on all our pensions – private, public and state. This is an element of the generalised assault on all our living standards as result of the billions of pounds that have been spent on bailing out the financial [...]

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  • @TheLeftBanker

    • RBS £2 billion loss not as BBC reports £776 million. Twice as big as forecast. 3 hours ago

    • @BharatKAzad I think so with Portugal 6 months behind and Spain another year 21 hours ago

    • Greece mark II: Portuguese opposition demands €30 billion more of a bailout to keep country afloat 21 hours ago

    • @aidanskinner hedge funds been putting this trade in droves spreading risk over several banks. They now hold about 30% of Greek debt 21 hours ago

    • Greek debt swap deal may fail as hedge funds & other investors would be better off with default and collecting insurance it would trigger 22 hours ago

    • Euro crisis goes global: Preliminary Chinese manufacturing figures for February shoes a contraction. 23 hours ago

    • Euro area manufacturing & services output drops in February. Recession on the way. 23 hours ago