Friday, December 14, 2012

The insufferable human drama of evictions in Spain

Click here to access article by Jerome Roos from Reflections on a Revolution

Roos describes the horrifying reality in graphic detail facing many of Spain's 99 Percent.

Apparently not everyone is unhappy. As the NY Times reports, European capitalist elites are enjoying signs of "healing" of the European economy.
In its twice-a-year report on financial stability, the E.C.B. noted a number of indications that the euro zone is starting to heal. For example, borrowing costs for troubled countries have dropped substantially, and banks in Portugal and Ireland have regained access to money markets.
Countries including Spain and Italy have been able to increase their exports because labor costs have fallen, improving their competitiveness, the E.C.B. said.