Euro – DEMAGAGA

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United Kingdom Brexit Referendum Succeeds: Britain to Leave European Union

Brexit Vote – Shares and the Australian Dollar Plunge In a historic vote yesterday on June 23, 2016 the United Kingdom voted 52%-48% in favor of the referendum for the nation to leave the European Union, abandoning the common borders, market, and foreign policy that the multistate organization provides its members in Europe. Tory leader […]

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Madrid‘s Shantytown – Cañada Real Galiana – Europe‘s Largest Slum.

A haven for the drug trade (drogas), Cañada Real Galiana is Europe’s largest slum and a center a of urban poverty on a scale long thought eliminated in Western Europe. Only 15-minutes from the posh center of the Spanish capital Madrid, Cañada Real Galiana is a stretch of urban deprivation that is Europe‘s largest agglomeration of […]

Sisa: A Poor Man’s Cocaine with Athens in Its Grip

In the wake of the financial crisis that paralyzed the world economy in 2008 and which wrought financial chaos on the euro zone, no European nation is featured in the news as much as Greece, the beleaguered and heavily-indebted Mediterranean state that has watched its society collapse as the state’s ability to combat social ills […]

Greece’s Golden Dawn Offers Greek Youth a Far-Right Alternative

Austerity and its effects on Greek society have caused many disaffected youth to seek political solutions to their social ills, a trend that Greece’s far-right Golden Dawn party is exploiting to the worry of many progressive Greeks. Armed with a nationalistic and anti-immigrant message, the Golden Dawn promises unemployed youth an outlet for their […]

Netherlands Bank SNS Reaal Nationalized

After receiving a bailout of €750 million in 2008, SNS Reaal was thought to be profitable but its capital limits left it below legal solvency amounts, forcing the Dutch state to take a stake in the troubled financial concern. The Netherlands’ Finance Minister Jeroen Dijsselbloem said the move was to insure financial stability, especially after […]

British Prime Minister David Cameron Warns of Possible UK Exit from the European Union

A speech that was to be delivered by United Kingdom Prime Minister David Cameron but was canceled due to a hostage crisis in Algeria warns that Britain could leave the European Union if reforms to the EU’s present form of governance are not pursued according to excerpts released on Friday, January 18. His speech, which was to be […]

Three-Party Coalition Greek Parliament Passes Law to Boost Tax Revenues by $3 Billion Annually

The move comes from the coalition government in Greece’s parliament in order to appease creditors to the debt-ridden state as part of its bailout agreements. The law raises taxes on top earners, simplifies tax brackets, and extends income taxes to farmers. As part of its $45.5 billion bailout, Greece has to pass such laws even […]

Europe’s Economic Woes Forestall Worldwide Recovery

The issue of European economic troubles will be addressed at the upcoming G20 summit in Mexico City, Mexico. The crisis with the euro and the implosion of sovereign debts in Greece and elsewhere present strong impediments to the growth of the world economy. Additional issues to be addressed at the meeting include China’s unwillingness to […]

The European Financial Crisis Has Left Greek Society in Chaos

Doctors going unpaid for months. Legions of unemployed swamping benefits offices across the country and a situation in which even the employed are not receiving money. Such is the state of Greece, a society in ‘free fall’ ever since the financial crisis began. [Yahoo News]

Kostas Vaxevanis Freed, Publisher of the Lagarde List Accusing Greece’s Richest of Avoiding Taxes

Recently released from Greek prison, Kostas Vaxevanis, the infamous editor that published the ‘Lagarde List’ that named Greece’s richest who allegedly had not paid taxes, calls the Greek government nothing more than a corrupt clique ‘in the thrall of businessmen.’ [The Guardian]