Submitted by sitekeeper on Thu, 01/31/2013 - 16:23
By Tony Moriarty, Research Officer, Unite Trade Union
The Eurozone crisis has abated. As Mario Draghi pointed out at his last press conference: CDS rates are lower, stock markets are higher, volatility rates are at recent lows, the deposits in periphery banks are up and bond yields are converging. The Euro is saved – for now. It will become more secure as the Fiscal Compact Treaty takes hold and as the European Banking regulatory regime starts to function, followed by a full banking union.
Submitted by sitekeeper on Thu, 05/10/2012 - 15:22
The Greek people choose
The clean lines of the Parthenon, high up on the Acropolis, stood out clearly in the early March sunshine. Down below, outside the Greek Parliament, a man pushed his supermarket shopping trolley down the hill towards Syntagma Square, where much of the public drama of Greece’s contemporary tragedy has played out prior to the recent general election. Balanced across the trolley was a discarded metal bath, on its way to be sold for a few euros. So it is that some residents of Athens eke out their existence in 2012.