Look at how all over the world people are coming to the streets and protesting -----and in some cases winning------this privatization of all our public assets and stolen wealth.
WHY ARE WE NOT SHOUTING LOUDLY AND STRONGLY AGAINST THESE SAME POLICIES IN THE US? HAVE YOU NOTICED THE US MEDIA NEVER TALKS ABOUT ALL OF THIS?
Thousands of Spaniards protest health privatization
(PHOTOS) Published time: January 08, 2013 01:24
Edited time: January 08, 2013
Health workers and supporters take part in a protest against the local government's plans to cut spending on public health care in Madrid January 7, 2013. (Reuters / Juan Medina)
Download video (32.08 MB)
Thousands of Spanish health workers have marched through the streets of Madrid protesting the privatization of healthcare system. But financial analyst Patrick Young believes the government has no better option given its dire economic situation.
The demonstrators protested against the privatization of six hospitals and 27 health centers in the Spanish capital. This comes after a new law was passed last month allowing Madrid’s regional government to transfer the management of hospitals and health centers to private companies. Spain’s heath care and education are administered by regional authorities rather than the central government.
Monica Garcia, spokeswoman for the Association of Medical Specialists of Madrid, which initiated the march, told AP that her organization would continue to protest "the loss of our public health care, a national heritage that belongs to us and not to the government." She added that the regional government was trying "to obtain economic benefit" from a system it had not invested in.
Agustin Reverte, a 31-year-old doctor, said, "Private companies will want to get profit out of this, so fewer diagnostic tests will be made for patients, they will hire fewer staff and patients will be looked after worse."
The privatization proposal comes as Madrid’s government insists that austerity measures are needed to save the health care system.
Spain's 17 semi-autonomous regions are struggling with a combined debt of 145 billion euros.
Health workers and supporters take part in a protest against the local government′s plans to cut spending on public health care in Madrid January 7, 2013. (Reuters / Juan Medina)
Financial analyst Patrick Young argues that there is nothing that can be done about the current Spanish situation. “Spain has the tenth biggest deficit on the planet and effectively is haemorrhaging money at the moment because the budgets were made in the good old days when property markets were going through the roof. Nowadays nobody can sell a property, nobody can get a job and obviously the government simply doesn’t have the money even for essential facilities like healthcare.”
“The truth is that ultimately governments are hideously inefficient when they do large-scale health provision,” he told RT.
Young insists that the government has no other choice but to privatize the health sector. “Ultimately privately deployed capital tends to be deployed in a way that is more efficient both for the user and indeed the provider of that capital.”
“What we are looking at here is the idea that the cradle to the grave – socialist methodology that has been popular in post war Western Europe, particularly in Mediterranean nations, simply is unaffordable. And therefore now we have to go private, we have to have that better provision and government is going to do its best to safeguard that the services are actually as good as they were before and probably better.”
Portuguese Protest Privatization
by Piling Trash at Bankster Doors (Video)
Portuguese Protest Privatization by Piling Trash at Bankster Doors (Video) Posted by: Nick Goroff January 2, 2014
Portuguese banks in the city of Lisbon are starting 2014 off on something of a trashy note, as garbage piled up by area residents in protest of proposed privatization of municipal garbage collection, is beginning to accumulate at the bank’s front doors.
The dumping of the garbage at area banks comes as an act of solidarity and frustration with the local garbage collectors ongoing strike in protest of the banking sector backed move to privatize the public service.
The strike, which is slated to end January 5th, enjoys wide support from both within and outside of the trash collectors union, with 85% of union members expressing support for the move and unions outside of their own converging to help present a unified front in this, the latest battle against neoliberal privatizing of public goods and services.
This latest strike by public sector workers in Portugal comes on the heels on a four-day protest strike by customs, immigration police and security services in the country which took place in November in opposition to austerity driven budget cuts which threatened the workers pay, benefits and job security.
Portugal is the latest Eurozone nation to experience widespread protests and strikes in the face of a growing austerity movement, stemming from the global financial crisis.
As is common throughout the United States, numerous vulture capitalist companies and investment banks are looking to exploit the fiscal worries of the nation by proposing the continual deconstruction and selling off of public assets and services to the private sector.
With strong allies in the Portuguese parliament, the moneyed private sector seeking privatization faces stiff opposition from a strong organized labor movement, as well as highly active and politically involved public who have both demonstrated that the Portuguese people do not intend to sit idly by while their nation is parted off to the highest bidders.
- See more at: http://aattp.org/portuguese-protest-privatization-by-piling-trash-at-bankster-doors-video/#sthash.EntpYeEV.dpuf
Portuguese shipyard workers protest privatization
Updated: 2013-12-19 11:12 (Agencies) China Daily
A demonstrator shouts slogans during a march towards the official residence of the Prime Minister at Sao Bento Palace in Lisbon December 18, 2013. Workers of northern Portugal's Viana do Castelo shipyard protested against the government's plans to privatize the company, according to rally organisers. [Photo/Agencies]
Portuguese postal workers protest privatization
November 29, 2013 6:05 AM Associated Press
Commuters cast long shadows as they walk along Lisbon's Comercio square during a partial strike by Lisbon's subway workers, Thursday, Nov. 28, 3013. The strike is against salary cuts and other austerity measures linked to the 2014 national budget. (AP Photo/Francisco Seco) LISBON, Portugal (AP) — Striking Portuguese postal workers have scuffled with police during a protest against the national mail company's privatization.
Some pickets tried to stop mail trucks leaving a major Lisbon distribution center late Thursday, and police moved in to clear the way. Some trade union leaders and lawmakers were caught up in the commotion, prompting an emergency debate Friday in Parliament after the Communist Party accused police of using excessive force.
Portugal is privatizing companies to reduce its debt as part of a 78 billion-euro ($106 billion) bailout it received in 2011.
The government hopes to raise more than 400 million euros from the sale of a 70 percent stake in postal service CTT - Correios de Portugal SA. Results of the sale are due to be announced next week.
- Protests from French unions threaten EDF's privatization
PARIS, FRANCE THE long-awaited privatization of Electricit de France faces fresh delays and could be cancelled altogether after heated protests from trade unions and reports of doubts at the French Treasury.
France's nuclear energy giant was due to be sold this autumn, cutting the state's holding to around 85 per cent.
Analysts had expected the sale to fetch 9 billion euros (6.2 billion Pounds), valuing EDF at more than 60 billion euros.
But France's prime minister, Dominique de Villepin, has warned the deal could be in jeopardy over recent days.
"No decision has been taken," he told French TV channel France-2. "There are two things I want to see before I can envisage this recapitalization: that public service is guaranteed across the whole country on an equal basis. Secondly, I want a commitment that EDF will make the necessary investments."
His remarks followed a nationwide strike protesting against the government's privatisation drive, decried as a fire-sale of France's crown jewels to asset-strippers and foreign predators.
Mr de Villepin said he had "heard the message of the people".
The CGT union confederation said it was heartened by the apparent retreat. "The government is hesitating. It is now possible that it could abandon the privatisation altogether.
"The sale of EDF to private investors, even if only partial, is contrary to the interests of the nation and very dangerous for the future."
Critics have seized on a French finance ministry study warning that Europe could face "a California-style'' crisis if energy supply is left in private hands.
California suffered blackouts and a tenfold jump in electricity prices in early 2000. The debacle followed a botched deregulation of the sector in 1996, allowing Enron and other energy speculators to hold the state to ransom.
The study warned that big energy groups would try to limit over- capacity through mergers.
"This reinforces the risk that they could, in certain circumstances, orchestrate a shortage in order to force up prices," it said.
EDF has been counting on the sale to provide euros8billion for modernisation and to plug holes in its the balance sheet after rapid expansion across Europe.
The French state - already in breach of EU spending limits - lacks the funds to inject fresh capital, and is constrained by EU competition law.
What is happening in the WEST is the same as happened in USSR when Gorbachev and Yeltsin used Perestroika to privatize all of the public assets the citizens had worked to accumulate into the hands of a few----the RUSSIAN OLIGARCHS. That is what is happening in Europe, US, and Latin America.....only in the US -----
- NO ONE IS PROTESTING THE DISMANTLING OF ALL PUBLIC ASSETS!
- Protests in France against Privatization of Rail Transport
- Protests in France against Privatization of Rail Transport Escrito ... That project envisages the division of the National Society of French Railways ...
- French postal workers strike against privatisation
- Five French workers unions are calling for a national strike Tuesday to protest the looming privatisation of La Poste, the state postal-services company ...
- Portuguese postal workers protest privatization -
- The ...www.washingtonpost.com/world/europe/portuguese-postal...
- Portuguese postal workers have scuffled with police during a protest against the national mail company’s privatization.
Do you know that the US is privatizing its water and sewage with corporations like VEOLA ENVIRONMENT. Baltimore and several other cities connected with VEOLA are doing this now.
France: Protests in Marseille against the Privatisation of Water
Posted 21 March 2012 9:08 GMT
Babalobi wrote on eWash:
“Accompanied by unarmed policemen, protesters marched through the streets of central Marseille singing, dancing and chanting slogans against ‘privatisation’ and ‘commodification’ of urban water supply.” The protests were organised by global civil society movements that include Public Service International, Africa Water Network, European Federation of Public Service Unions, Transnational Institute, WASH United, Greenpeace and Food and Water Watch.
S. Koreans Protest against Railway Privatization
2013-12-29 09:35:47 Xinhua Web Editor: Sun Wanming
Click to see the next picture
A protestor holds a candle during a rally against railway privatization in Seoul, South Korea, Dec. 28, 2013. South Korea Saturday approved private license for KTX (Korea Train Express) as thousands of protestors gather to protest against railway privatization in Seoul. Negotiations collapsed on Friday between South Korea's state-run rail operator Korea Railroad Corp. (KORAIL) and its labor union as both sides failed to narrow differences over KORAIL's plan to operate the Suseo-dong High Speed Railway. [Photo: Xinhua/Yao Qilin]
This privatization of student loan process in the US is what created this massive student loan debt as private student loans were allowed to go into tens/hundreds of thousands of dollars, knowing people would not be able to pay it back. For the US it was that public private partnership with the Department of Education that now ties these students to a Federal government run by credit collectors
Students protest against loan privatisation
Students demonstrate outside the Clarendon Building over government loan sell-off
James Walsh on Friday 22nd November 2013
Oxford students joined their colleagues across the UK earlier this week to protest against the sale of student debt to private companies, announced by the government in in June.
At noon this Wednesday, a small group of students and former students assembled outside the Clarendon Building on Broad Street to participate in an “open-air meeting” and demonstrate their discontent over the loan sell-off. Balliol JCR also passed a motion on Sunday condemning the government's plan to privatise student loans and offering their support to the protesters.
The events were scheduled as part of a wider ‘National Day of Action’, organised by the Student Assembly Against Austerity (SAAA). Over twenty six campuses from across the UK, including Oxford, LSE and Sheffield, were involved in the protest. The privatisation of student loan debt was announced as part of the government’s attempts to raise £15 billion from the sale of public assets to private companies by 2020.
Xavier Cohen, who proposed the anti-privatisation motion at Balliol told Cherwell, “For me, it’s quite clear that the government's plans to privatise our student loans are ideological. But what I think really convinced Balliol JCR students is the threat that privatisation will entail removing the cap on the interest rates we pay back on our loans. Even if such a policy was legally covered in the small print, realistically, this would mean retroactively increasing the interest rates that students were led to believe were capped.”
David Willetts MP, the Universities Minister, swiftly defended the plans. In a public statement issued by the Department for Business, Innovation and Skills he said, “There will be no change to the terms of repayment so students shouldn’t be affected by the privatisation of their loans.”
Many students, however, remain sceptical about the Minister's promises. Olivia Arigho-Stiles from Somerville said, “This is yet another attack on the accessibility of higher education to less well-off students in this country.” Wednesday’s protest-meeting passed off without incident. One student who attended the meeting said, “The programme of debt-privatisation is wholly ideological. It is being operated entirely at the expense of all students. Either we speak out or be bled dry.”
Other students, however, disagree with the protesters and the SAAA. One Keble second-year said, “The notion that there is still a clear-cut dichotomy between public and private debt is erroneous. All public debt held in US dollars and sterling becomes private debt at some point down the line by virtue of being constituted in private reserve currency... Objections raised over the ideological nature of privatisation are misplaced.”
Local Green Party City Councillor and recent Oxford graduate Sam Hollick attended the the protest outside the Clarendon Building. He told Cherwell, “If you’re going to privatise student loans, you open them up to companies who want to make profit out of them, and the only way to make profit is to put up the interest rates on our debts. So results of this could be a hike in fees for students, even for people who’ve already graduated.”
Asked whether he was disappointed by the very low turnout at the event – only a dozen students attended – Hollick replied, “I always think that it doesn’t take a huge number of people to change the world."
WAKE UP!!!!!!! THIS IS HAPPENING NOW IN THE US WITHOUT MASSIVE PROTESTS! PERESTROIKA IN USSR WAS WITH A THIRD WORLD COUNTRY-----WE ARE DEVELOPED WORLD DEMOCRACIES FOR GOODNESS SAKE!
UK Students Fight Back Against Protest Bans, Privatization
Posted on December 12, 2013 by Red Nick The video above was posted on its original website on December 8th, and provides good context for this brief article.
On Wednesday, December 11th students on campuses across Britain protested as part of a day of action against the repression of student dissent. The hashtag #copsoffcampus was used to rally supporters through social media.
Yesterday’s protest at the University of London is especially significant because it took place in violation of a court order which bans protests for the next six months. The police were not reported to have intervened in the London protest to any significant degree.
University of London students are outraged not just about the acts of police brutality committed against them, but also the closing of the student union and the privatization of universities throughout the United Kingdom.
A university in Birmingham has threatened its students with fines of up to 25,000 pounds ($41,000) for protesting. Students at the City University of New York and Cooper Union are facing a similar situation as their counterparts in Britain.
This blatant vulture capitalism, this drive for higher profits at the expense of people’s education, homes, jobs, and health is always accompanied by an attack on the rights of regular people like these students. The human right under attack in this instance happens to be free speech and assembly; the very essence of the right to dissent. The “invisible hand of the market” is, and always has been, the prominent iron fist of corporate and state power.
This privatization is caused by the TPP and the US requiring that public health all over the world stop subsidizing as health becomes a market!!! Did you know that these state health systems are being built so that Medicare and Medicaid can be sent to the states and ended as Federal programs?
10,000 Korean Doctors Protest Hospital Privatization
by Commander Kim on Thursday, December 19, 2013 Korea BAng
On Decmber 15th, a crowd of ten thousand Korean doctors filled a park in central Seoul to protest the government’s new plan for hospitals and pharmacies. One of the nation’s largest medical unions threatened to strike over the proposal to deregulate the medical sector, allowing hospitals to open for-profit businesses and the creation of franchise pharmacies. Protesters claimed the plan would corrupt the medical industry and destroy small pharmacies.
Comments were generally supportive of the protesters, and in particular criticized Naver for appearing to hide the story by manipulating its popularity ranking.
Doctors and Pharmacists Fiercely Protest Government’s Push to Privatize Medical Industry, Prospect of Doctors’ Strike. President of Korean Medical Association (KMA), Roh Hwan-kyu, gave a speech during a rally against the government’s policy on December 15. During his address, he used a knife to cut his own neck to demonstrate the strength of his opposition.
On December 15, at 2:00 p.m.the roads around Yeouido Park in Seoul were teeming with 160 buses carrying doctors from regions across the nation. In the sub-zero wind chill temperature, about 20,000 doctors-police estimated 10,000-sat on the cold ground and chanted, “Stop introducing telemedicine,” “Scrap the separation of the prescribing and dispensing of drugs that creates trouble for the public.”
[Note: Korea started to enforce separation of prescription and dispensation of drugs in 1999 in a bid to prevent overuse of drugs. Under the system, doctors only give prescriptions to patients who in turn have them filled at pharmacies.
Roh Hwan-kyu, President of the Korean Medical Association (KMA) and its emergency task force, stood on a makeshift podium to give an address to the assembled crowd, calling for medical reforms, and even interrupted the middle of his speech when he used a knife to make a cut on his own neck in demonstration of his opposition. Similarly, directors of the KMA shaved their heads to display their firm resolve to oppose the government's latest move.
The government dropped two regulatory requirements on December 13th to galvanize investment in the healthcare and medical industry; hospitals are now allowed to go into lodging, cosmetics and hot spring business for profit while pharmacists are permitted to set up large pharmacy franchises.
Instead of welcoming the apparent 'carrot' that the government offers, the healthcare and medical industry is united in protest, claiming that the latest move is a step toward the privatization of the industry.
The KMA asserted, "If the government continues to disregard the proper view from our 1.1 million doctors, and keeps its intrusive policy, the nation's healthcare will be halted," hinting at a possible strike by doctors in a display of their firm opposition. The Korean Pharmaceutical Association (KPA) also made clear its objection against the government's decision, claiming, "The government is biased in its attempt to privatize the healthcare and medical industry without consulting medical professionals."
The vehement opposition from the two major interests does not bode well for the future of the government's plan to increase investment in the medical sector: permitting for-profit businesses within hospitals and allowing the creation of chain drug stores for pharmacists. The two policy proposals both pave the way for a battle over medical privatization between the government and the medical profession.
Opposition from KMA Doctors and Pharmacists
Neighborhood clinics and drug stores have voiced unexpectedly strong opposition, seeing the suggestion of for-profit business for hospitals as a step toward the privatization of the medical industry. The KMA official said, "It appears that the government is telling hospitals with financial troubles to move into other profitable ventures." He added, "The influx of outside money into hospitals makes them put a bigger focus on making money than practicing medicine. Ultimately, medical service will decline in quality, taking a toll on patients."
The plan to introduce telemedicine drew similar opposition: critics say the changes will only benefit large hospitals to the exclusion of small neighborhood clinics. The privatization of the medical industry would create the survival of the fittest, where capital-flush big hospitals would become winners and cash-strapped small clinics would be buried for good.
The same criticism was leveled at the proposed drug store franchises. The KPA claims, "Privatization would cause the concentration of capital and patients in big pharmacies, weakening the public good pharmacists offer for people. Big drug store franchises could threaten the survival of small neighborhood pharmacists."
Government: "The medical sector needs greater development"
In the face of the vigorous opposition from the healthcare and medical industry, the government sees the new policies as a critical stepping stone toward privatization and as a way to make the industry competitive.
Under the current law, only doctors and non-profit organizations can set up medical institutions. In the government's viewpoint, however, small independent clinics can't compete with world-class hospitals on an equal footing.
The government forecasts that privatization will drive more companies into the medical service market and promote competition, eventually leading to higher quality medical services at lower prices.
In the United States and Britain, for-profit hospitals make up 10 percent of all hospitals, and 20 percent in France.
The government also pointed out that non-profit hospitals are restricted in attracting foreign patients and setting up medical firms overseas. As things stand, it is impossible for local hospitals to make an overseas investment or bring in foreign investment.
A representative from a large hospital stated, "Whether big or small, I think hospitals seek to make a profit. With that in mind, the opposition to the medical privatization makes no sense." The official emphatically said, "To say that hospitals and clinics compete for the same type of patient is ridiculous. It's about time that both of them develop the medical sector instead of balking at reform measures."
MORENA-MN protests privatization of Mexican national oil company
Pemex By Brad Sigal | August 25, 2013
MORENA-MN protests privatization of Mexican national oil company (Fight Back! News / Staff) Saint Paul, MN -
More than 75 people came together to say "Pemex is not for sale!" at a protest outside the Mexican consulate here on Aug. 24. They denounced Mexican President Enrique Peña Nieto’s scheme to privatize the Mexican state-owned oil company, Pemex (Petróleos Mexicanos).
The protest was organized by the Minnesota chapter of the Mexico-based organization MORENA, the Movement for National Regeneration. MORENA is leading a movement in Mexico and internationally to try to stop the privatization of Pemex.
The demonstration included several speakers and a performance by the Aztec dance group Kalpulli Ketzalcoatlicue. Protesters demanded that someone from the consulate come out to receive their petition and signatures against the privatization of Pemex. Unable to ignore the protest, a consulate official came out and spoke to the protesters, promising to share their demands with his superiors.
Pemex was formed in 1938 when Mexican President Lázaro Cárdenas sided with oil workers striking against foreign-owned oil companies demanding an increase in pay and social services. On March 18, 1938, citing the 27th article of the 1917 constitution, President Cárdenas embarked on the state expropriation of all resources and facilities, nationalizing the U.S. and Anglo–Dutch oil companies to create Pemex. Pemex now has a total asset worth of $415.75 billion, and is the world's second largest non-publicly listed company by total market value, and Latin America's second largest enterprise by annual revenue as of 2009, surpassed only by Petrobras (the Brazilian National Oil Company).
Under the guise of ‘modernization,’ Mexican President Enrique Peña Nieto of the Institutional Revolutionary Party (PRI), is pushing a scheme to privatize Pemex, which would allow it to be sold off to multinational corporations. This would be a bonanza for the multinationals and would deprive the Mexican budget of huge amounts of resources, leading to inevitable cuts to social programs and services.
A similar energy ‘reform’ passed in 2008, legalizing the sale of national territory to private corporations. Peña Nieto is pushing to unite all Mexican parties into the privatization scheme with the neoliberal Pact for Mexico, which includes the Institutional Revolutionary Party (PRI), National Action Party (PAN) and the Revolutionary Democratic Party (PRD). MORENA rejects this as nothing more than a pact for privatization of national resources in order to sell them off to multinational corporations.
According to Francisco Chavez, a member of MORENA-Minnesota, “MORENA-Minnesota protested today at the consulate in defense of Mexico's petroleum and Mexican families' economic well being. Enrique Peña Nieto's PRI government wants to open Pemex up to the large multinationals, many of which were expelled from Mexico in 1938 by the nationalist government of Lazaro Cardenas del Rio. We feel that the protest was a complete success, which had a big political impact on the Mexican government's diplomats in Minnesota."
Unions protest against planned privatisation
Image: Reuters 13/12/2013 By NAN
Workers in the oil industry on Thursday in Abuja protested against the planned privatisation of the country's four refineries.
The workers, numbering about 200, under the aegis of Petroleum and Natural Gas Workers Senior Staff Association (PENGASSAN) and National Union of Petroleum and Natural Gas Workers (NUPENG), vowed to resist the privatisation.
The workers were led by the NNPC Group PENGASSAN chairman, Mr Sanusi Abdulkareem and NUPENG Group chairman, Mr Richard Otovwievwiere.
The protesters, who dressed in red shirts and caps, gathered on the premises of the NNPC singing solidarity songs and carrying placards with various inscriptions.
Otovwievwiere said the protest was symbolic because the workers had reviewed the intention of government officials and faulted the decision to privatise the refineries.
"Today, we want to report the Nigerian officials to the Nigerian people. We call on the government and members of the National Assembly to ask questions about the wisdom of privatising our national wealth.
"Workers at NNPC believe in the government of President Goodluck Jonathan and his development programmes.
"We are to develop the refineries and not to sell them. Anybody who is interested in buying the refineries won't have refineries to buy. Nigerians say no," Otovwievwiere said.
On his part, Abdulkareem called on the government to rescind the decision, stressing that it would not be in the best interest of the nation.
"We are going to move round other NNPC stations to give them words of solidarity," he said.
Efforts by the News Agency of Nigeria (NAN), to get the views of management of NNPC proved abortive.
Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, recently said the process for privatisation of the refineries would be completed before the first quarter of 2014.
Greek bank employees protest government privatization plans
Hellenic Postbank employees gather in front of the bank headquarters in the center of Greece’s capital Athens to protest against the planned privatization of the state-owned institution,
January 11, 2013.Fri Jan 11, 2013 5:30PM GMT27 2 Related Interviews:
On Friday, HPB employees gathered near the bank headquarters to express discontent with plans by the government of Prime Minister Antonis Samaras for the privatization of the bank, saying the government should change its austerity plans.
The Greek government has announced plans to sell off national banks such as HPB.
In December 2012, a similar protest was held near the country’s Finance Ministry in the capital where employees called on officials to change their decisions on the sale.
HPB bank employees are likely to lose their jobs if the government sticks to the harsh strategy it has adopted to manage the economic crisis. The bank has over 2,000 employees.
Athens has introduced austerity measures and other debt cutting methods to meet the conditions set by the European Union for receiving a 34.3-billion-euro aid package.
With the rest of the package of almost 50 billion euros in financial assistance coming in March 2013, the government is pushing even harder to cut back its debt in order to satisfy the eurozone's requirements.
Greece has been at the epicenter of a debt crisis in the eurozone and is experiencing its sixth year of recession, while harsh austerity measures have left about half a million people without jobs.
One in every five Greek workers is currently unemployed, banks are in a shaky position, and pensions and salaries have been slashed by up to 40 percent. Greek youths have also been badly affected, and more than half of them are unemployed.
Do you know that the unemployment rate in the US is the highest in the developed world at over 20% and with it poverty levels? When the US uses poverty numbers based on $10,000 a year rather than the Living Wage of a first world country, they are saying poverty in the US is less than 20% when it is actually above 60%. THE US DELIBERATELY USES STATS THAT HAVE US BACK IN THE 1960s with cost of living of today. THIS IS HOW A FIRST WORLD NATION MOVES TO THIRD WORLD.
THIRD WAY = NEO-LIBERAL = THIRD WORLD
EU wrong policies fuel poverty at alarming rates:
Robert OuldsFri Dec 21, 2012 6:2PM
Interview with Mr. Robert Oulds, international finance expert, London.
The policy of the European Union driven by Brussels and the European Central Bank, when it comes to countries like Italy and also other nations like Spain and Greece, their policy is to support the Euro instead of allowing for currency devaluation and have countries managing their own economies again; the European Union has forced austerity on those nations."
A financial analyst says the EUs policy of protecting the Euro by imposing austerity is driving Europeans into poverty and unemployment at an alarming rate.
In the background of this, European countries increasingly suffer in their ability to cope with huge debt pressures. Standard and Poors has downgraded Cyprus to CCC+ saying the country is facing increased financial pressure, which means in this case the country is unable to pay its debts and or to negotiate better repayment deals. In Italy, protests have erupted over spending cuts to national healthcare. This, protesters believe, could even close down some hospitals. The economic crisis across Europe and particular the PIGS countries is severely distressing their populations as they see poverty increasing and jobs being cut through austerity.
Press TV has interviewed Mr. Robert Oulds, international finance expert, London about this issue. The following is an approximate transcription of the interview.
Press TV: Starting with Cyprus, Standard and Poor’s downgrading of the country to CCC+. First of all, tell us what that means in terms of a possible debt default as well is says it is now in junk territory?
Oulds: Yes, the debts in Cyprus are enormous. The problems with the Euro Zone now caught up with the island nation of Cyprus and really it’s in need of a bailout, which would be approaching its total economic output for one year - the debts are that severe.
But of course it has been unable to reach an agreement with those it owes money to, the financial institutions that have leant it money, to whom now it cannot afford to repay and as a result of not reaching this agreement the debts will continue to grow and the economy will continue to suffer.
What it means is that the debts will continue to grow in Cyprus and of course they just can’t affords to pay back the money and the economic outlook will continue to be very dark for Cyprus.
Press TV: The way the governments are tackling this issue - moving to Italy now - we’ve got cuts in the healthcare budget - protesters have come out - How do you think the problem can be resolved if the government is not going to bring about these austerity cuts? For instance, in the health care budget and the other services that the people see for themselves as vital.
Oulds: The policy of the European Union driven by Brussels and the European Central Bank, when it comes to countries like Italy and also other nations like Spain and Greece, their policy is to support the Euro instead of allowing for currency devaluation and have countries managing their own economies again; the European Union has forced austerity on those nations.
There has been budget cuts in areas of health and pensions and also education. And also there’s been a distinct strategy of actually trying to drive down wages to try and reintroduce competitiveness by reducing people’s pay in the public sector and it has also had an impact on the private sector.
But all that has done is of course meant there is less money to spend in the economy, less consumption, growing unemployment to very alarming levels and just more economic problems. It has turned a recession into a depression.
So the European Union’s economic policies have lowered wages and put people into poverty, made people unemployed and cut back essential services leaving many people to become deeply alarmed in those nations about their country’s future.