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Cyprus eurozone bailout prompts anger as savers hand over possible 10% levy

Angry Cypriots try in vain to withdraw savings as eurozone bailout terms break taboo of hitting bank depositors. European finance ministers have agreed an £8.7bn bailout for Cypruswhich includes all Cypriot bank customers handing over up to 10% of their savings. Cyprus becomes the fifth country after Greece, Ireland, Portugal and Spain to turn to the eurozone for financial help amid the region's debt crisis ...

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Once Again, Lenders Ask Greece for Additional Cuts

ATHENS — It has been so elaborately repeated that it almost borders on ritual: Greece’s troika of lenders leaves Athens with disagreement over whether the country should receive billions of euros in fresh financial aid. Greek officials scramble to tackle demands for more austerity to obtain the money, even as social distress deepens. The cycle was staged again Thursday as the Greek government tried to figur ...

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Salary cuts in CapGemini: ReINFORM’s letter to employees and trade unions.

Beste vrienden, Nadat we het bericht zagen dat het bestuur van CapGemini de salarissen van ongeveer 300 werknemer wil matigen tot en met 30% besloten we deze brief aan jullie te sturen. Dit bericht is voor ons heel belangrijk want verschillende mensen die in onze groep actief zijn, hebben vergelijkbare ervaringen in Griekenland gehad als werknemers en vakbondsactivisten. ...

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Correspondence from Bulgaria

Translated by ReINFORM Correspondence from Bulgaria: “The events and developments of the Bulgarian Winter” Up to this time, protesting has been taking place daily (from February, 12 until today, March, 3). Every afternoon people gather at the city centers and protest. This happens in over 40 cities and villages, even in areas where no protests had ever happened before. The protests initially targeted the re ...

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Mass protests in Portugal over austerity cuts

Many thousands of demonstrators have held marches in more than 20 cities in Portugal to protest against government-imposed austerity measures aimed at lifting the ailing country out of recession. Tens of thousands of people filled a Lisbon boulevard during Saturday's protests and headed to the finance ministry carrying placards saying "Screw the troika, we want our lives back". The troika is a reference to ...

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Greek Doctors in despair

Local committee of the Association of Hospital Doctors of Athens and Piraeus General Hospital of Nikaia-Pireus 27-3-2013 The doctors of the hospital have demanded their names to be removed from the schedule of the on-call duties of March as they are unpaid for 5 consecutive months. According to the decision of a massive general assembly, the doctors of the General Hospital of Nikaia-Piraeus “A. Panteleimon” ...

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If You Thought The European Crisis Was Over…

Via Mint Partners' Bill Blain, Today’s big event was Italy's 10% auction. Buyers can’t ignore yield, and I suspect many were “encouraged” to participate. But a decent Italy auction doesn't change the brutal facts. Electoral fall-out blankets the Euro battlefield, but it was decisions made years ago that have brought us to this blasted heath. Markets are caught in... Stalemate. On one side you have the disbe ...

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Liverpool TUC supports the fight of people in Greece

"Liverpool TUC condemns the use by the Greek Government of authoritarian, undemocratic methods of conscription/civil mobilisation against striking workers in the transport sector (metro and ferries) in an escalation of the attack against the fighting people in Greece. Liverpool TUC notes: The continuing attack by the Greek government, urged on by the Troika (IMF, European Bank European Commission), against ...

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Vio.Metal. factory under workers’ management

In this video, the representatives of the workers of Viomihaniki Metalleftiki (Greece) talk about their attempt to take over the factory and run it as a cooperative of workers. Viomihaniki Metalleftiki (BIO.ME.) is a company producing building material. Last year, the management decided to abandon the company. In a unique (for Greece) move, the workers launched a project of taking over the factory and runni ...

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