Over the past year, Russia has cut gas exports to the EU by 75%, violating long-standing supply contracts. Yet the EU is paying as much for Russian gas as it did before prices rose last autumn, shows new research from the Centre for Research on Energy and Clean Air (CREA), which has been tracking EU gas payments and flows.
Austerity
El País: Brussels urges Spain to reform pensions and jobs in return for EU funds
The European Commission is asking countries to commit to structural changes to address deep-seated problems such as soaring debt and an over-reliance on temporary contracts. That did not take long. They have not even disbursed […]
Economics
Bill Mitchell – Britain: The Autumn Statement – an exercise in absurdity and public harm
Besides in the mainstream media and the political class, Britain’s newest budget is acknowledged as a disaster for not only the poor, but most of the middle class. Read Here
Economics
Richard D. Wolff: Socialists Need To Fight For Economic Change — Not Just Another Version Of Capitalism
Dissatisfaction with capitalism has reignited a debate about socialism, but people cannot agree on what “socialism” means. Read here
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