The insurance that taxpayers provide to banks has the effect of making it seem to bankers that it is much cheaper for them to take on debt to fund their assets than to raise cash from shareholders, for example by issuing new shares.Lire la suite
Cyprus’s banking sector did not grow so recklessly and to an unsustainable size in order to best serve Cypriots’s social and economic needs.Lire la suite
What is being witnessed in Greece is a full blown example of being trapped in the debtor’s prison of current sovereign debt resolution mechanisms, where creditors are both judge and juryLire la suite
The meeting "Living in debtocracy: Debt in the North: learning from the South" will seek to provide keys to understand and tackle debt and the current economic crisis we are suffering.
IES Lope de Vega - Calle San Bernardoo 70 (esquina calle Daoíz 4)
On 3 September the European Parliament Development Committee discussed the effects of the economic crisis on developing countries.Lire la suite
The President of United Nations General Assembly, Miguel D’Escoto, criticized European countries for rejecting without justification the draft for a declaration of the world leaders Conference on the World Financial and Economic Crisis (G-192) to be hold in New York from June 1 to 3 to debate and propose alternatives to the international crisis.Lire la suite
The EU "27" leaders extraordinary Summit concluded with questions on whether statements about unity and solidarity in dealing with the world financial crisis were true or an alibi for the implementation of side policies.Lire la suite