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Red revival: why communism is alive and well in crisis-hit Portugal

Carlos Humberto de Carvalho, the mayor of Barreiro, is a straightforward and frank 62-year-old who has just won the Portuguese city’s municipal elections for the third time in a row — and with an absolute majority. Dressed without a tie, he has been a communist since he came of age in 1968, since the tough, tricky and far-off days of the underground era. He belongs to the hardcore — to the Central Committee ...

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Taking on Capitalism, U.S. Torture & Dictatorships, Costa-Gavras on Decades of Political Filmmaking

Costa-Gavras joins us for the hour to discuss a nearly 50-year career that has earned him the reputation as one of the world’s greatest living political filmmakers. Born in Greece in 1933, the 80-year-old has won two Academy Awards for his films "Z" and "Missing." Other acclaimed films include "State of Siege," "Amen.," "Music Box," "The Confession," "Hanna K." and "Betrayed." For nearly five decades, Costa ...

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Austerity will bring the number of people at risk of poverty in Europe up to 146 million by 2025

It could take up to 25 years to regain living standards prior to the economic crisis  If left unchecked, austerity policies could put between 15 and 25 million more Europeans at risk of poverty by 2025 – nearing the population of the Netherlands and Austria combined. This would bring the number of people at risk of poverty in Europe up to 146 million, over a quarter of the population, warns international ag ...

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Europe’s public health disaster: How austerity kills

(CNN) -- If austerity had been a clinical trial, it would have been stopped. As public health experts, we have watched aghast as a slow motion disaster arose from austerity policies in Europe, while politicians continue to ignore the evidence of their disastrous effects. Austerity was designed to shrink debts. Now, three years after Europe's budget-cutting began, the evidence is in: severe, indiscriminate a ...

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Impossible Biographies

Many years before the first clouds of the crisis would hover over the greek skies, amidst greek society's most glorious of moments and its most mundane of days, the lives and labour of migrants would be faced with their meticulous devaluation. Impossible Biographies from Ross Domoney on Vimeo.   For them, the crisis has by now come of age. Yet despite and against shallow journalistic interpretations, t ...

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Debt of Sisyphus: Greek economy’s coma is a misguided political experiment

Austerity is destroying the free part of the Greek economy, leaving government more dysfunctional than ever. Worse news: it will need yet another bailout... Seasoned economic observers remain shocked by recent events. Greece will soon need another bailout. That’s not remotely surprising. What shocks is that there remains some semblance of an economy to bail out after 6 years of depression. Greece is bust, t ...

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Greece: here come the vulture funds

Financial 'investors' have already made a killing on Greek debt, but this activity isn't inevitable – such vultures can be challenged 'Vulture funds honed their skills against developing countries.' Photograph: Craig Fujii/Associated Press Not everyone is unhappy about the desperate straits of the Greek economy. A group of financial "investors" made a killing on Greek debt on Tuesday – purely by being the m ...

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Student’s death touches nerve in austerity-hit Greece

(Reuters) - A 19-year old Greek student who died after an argument with a bus ticket inspector has come to symbolize the plight of a population ground down by worsening poverty and unemployment. Thanassis Kanaoutis suffered a fatal head injury when he fell or jumped from a moving bus as it passed through a middle-class neighborhood of Athens late on Tuesday. Prosecutors have not yet established how Kanaouti ...

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Profiteering: Crisis Has Saved Germany 40 Billion Euros

Germany has profited from the euro crisis to the tune of 41 billion euros in reduced interest payments. Strong demand for its debt has cut yields and made it cheaper for Germany to borrow. Meanwhile, the crisis has only cost Germany a mere 599 million euros thus far. Germany is profiting from the debt crisis by saving billions of euros in interest on its government debt, which has enjoyed a steep drop in yi ...

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