It is the same old story. While Keynesian economists and leftists are hailing the success of a centre-left coalition in Portugal purportedly defying austerity, in reality it is the same old Social Democrat sleaze and corruption (Yes , Portugal’s “Socialists” are members of the Party of European Socialists). And the comrade lefties ignore the wildcat strikes by the working class against their own unions, not to mention the financial tricks being used by the centre-left government to make their financial policy appear more progressive than it is. Europe’s political class is venal and discredited, thus it is no wonder people turn to populists and neo-fascists.
Related Articles

Climate Crisis
Bill McGuire : Why climate change means more earthquakes and volcanoes
Linked from the New Weather Institute There is much more to climate Change than the sea-level rising and an increase in weather disasters. Read here

Economics
DeStatis: German Workers growing poorer – Real earnings in 1st quarter of 2022: -1.8% on the same quarter of the previous year
The high inflation in Germany led to a decrease in real earnings in the first quarter of 2022. Read Here

Economics
Bloomberg: Germany’s Economy Runs on Low Wages
The European giant can rely on an army of poorly paid workers to weather a downturn. Read here
Be the first to comment