The elections on 4 October 2015 ushered in a changed parliamentary scenario which seems to herald a major political shift. After four years of austerity, which have affected every aspect of Portuguese life but particularly labour, the election outcome proved contradictory right from the start. The victory of the right-wing alliance between the Social Democratic Party, the PSD, and the Social Democratic Centre, the CDS, opened up the possibility for an alliance of the left.
Gross it up, don’t net it out We are on the cusp of a new wave of understanding how cross-border capital flows work. It follows (at least) two earlier waves. The first is the basic story every undergraduate economics student learns, in which cross-bo
The Greek parliament has narrowly approved a controversial economic reform package allowing creditors to disburse more funds from a €86bn third international bailout. Legislators endorsed the measures early on Saturday by 154 votes for to 140
Every economic program imposed on Greece since the financial crisis struck in 2009 has assumed that structural reforms, boldly conceived and implemented, would bring about rapid economic recovery. But any serious assessment of the results produced by structural reforms around the world would have poured cold water on such expectations.
Portugal’s centre-right government alliance emerged as the biggest political force in Sunday’s general election, but failed in its bid to win a second absolute majority of parliamentary seats. The Forward Portugal (PAF) coalition led by Pedro Passos
(Press release- 8 September 2015) Another milestone for the Human Right to Water. With today’s vote the EP demands that the EC make concrete legislative proposals to recognize the human right to water and sanitation as defined by the UN.
Portugal’s president has appointed António Costa, the leader of the country’s Socialist party (PS), as prime minister with a mandate to form an “anti-austerity” government supported by the radical left and hardline communists. The decision ends
The new Greek government that took office in January 2015 made a commitment during the election campaign that Greece would stay in the Eurozone. At the same time, it also declared that Greece’s relations with its European partners would be put on a new footing. This did not materialize. The Greek government accepted the continuation of the existing agreement with its lenders, the International Monetary Fund, the European Commission, and the European Central Bank. This was the only way of ensurin
The radical restructuring of Greek collective bargaining was right from the beginning one of the core demands of the Troika of the European Commission, the European Central Bank and the International Monetary Fund (Schulten, 2015). Under the first two Memoranda, Greece was forced to agree to far-reaching changes in the legal framework of collective bargaining which led to a radical decentralisation and a large-scale elimination of multi-employer agreements. According to the third Memorandum from August 2015 the development of Greek collective bargaining should now be evaluated by an international commission composed of independent experts as well as representatives from international organisations – including the institutions of the Troika, but also the International Labour Organisation (ILO). Based on this, further reforms of the Greek bargaining system should be decided in light of “best practices” in Europe.
Portugal’s opposition Socialist Party has increased pressure for an anti-austerity government backed by the hard left, calling it the only viable solution for resolving the deadlock resulting from an inconclusive general election three weeks ago.
We have become used in recent decades to a particular vision of the world economy, which comprises accelerating interconnections that drive globalisation and international business. Bigger and bigger container ships carry the load of expanding
Portugal faces a period of political uncertainty and potential instability after the centre-right coalition that steered the country through a painful bailout emerged from Sunday’s general election as the largest political force but lost its
Between May 2012 and September 2013, close to 1.9 million signatures were collected throughout the European Union (EU) and formally submitted to the Commission for the European Citizens’ Initiative (ECI) on‘Water and Sanitation are a Human Right’. While impressive in itself, it is not only the large number of signatures, which is a sign of success. The ECI, based on a broad alliance of trade unions and social movements, was successful at a time, when austerity policies were enforced across the EU. It, therefore, went completely against the grain and in opposition to dominant forces pushing for further neo-liberal restructuring. In this blog post, I will discuss the main factors underlying this success: (1) the long history of water struggles; (2) the unique quality of water; and (3) the broad alliance of participating actors.
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