Some 120,000 desperate Venezuelans poured into Colombia over the weekend to buy food and medicine that are in short supply in socialist Venezeula.
Under the 21st century socialist, or “chavismo”, movement started by Hugo Chavez and continued by his hand-picked successor Nicolas Maduro, 70 percent of Venezuelans live in poverty amid triple-digit inflation, mortality rates are skyrocketing, public services are collapsing, crime is out of control, and hospitals do not have basic, inexpensive medicines. Continue reading
The controversial TTIP and CETA trade deals could leave people’s access to basic rights such as water and energy at the mercy of large multinational corporations as part of a wholesale takeover of public services, a new report has warned.
The ‘Public Services Under Attack’ report, released by a group of international NGOs and trade unions, claims that the CETA and TTIP trade deals, being negotiated between the EU, and Canada and the US respectively, would expose public services to highly damaging “commercialization” from multinational corporations.
While the UK government has previously stated that “TTIP will not change the way that the NHS, or other public services, is run,” the report has raised questions over the legitimacy of such claims, pointing out the ‘negative list’ approach to public services in the CETA deal. Continue reading
‘We are a Left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer,’ says senior Greek official
Greece is drawing up drastic plans to nationalise the country’s banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands.
Sources close to the ruling Syriza party said the government is determined to keep public services running and pay pensions as funds run critically low. It may be forced to take the unprecedented step of missing a payment to the International Monetary Fund next week.