Tag Archives: austerity scam

Icelanders egg PM as global protests condemn corruption, banksters

By Rady Ananda

As proceedings begin against Iceland’s former Prime Minister, Geir Haarde, for the banking crisis of 2008, at least two thousand Icelanders took to the streets in two days of protest this weekend.  Iceland joins over a dozen other nations protesting economic measures taken out on the public while banks and large corporations receive bailouts. Class war is on, and it’s gone global.

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Banksters blackmail Irish in ‘too big to fail’ fraud

By ABC/AU
Blacklisted News

Ireland reveals full horror of banking crisis

Taxpayers are being left with the bill and deeper austerity measures, but the government says the banks are too big to fail. Overnight taxpayers learnt they will be shouldering an even bigger burden to bail out the Anglo Irish Bank – to the tune of $41 billion.

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G-20 Nations: Race to the Bottom will Continue

A critical analysis of the G-20’s Toronto Declaration

By Dawn Paley
Vancouver Media Co-op

As the G-20 summit winds down behind the fences surrounding fortress Toronto, there are at least 560 folks in jail, and anyone left out on the streets is facing detentions, beatings, searches and arrests.

This is the context in which the Group of 20 gathered to write the Toronto Summit Declaration, a 27 page document released earlier this evening. An early critical reading of this text makes it evident that those who have taken great risk to mobilize against the G20 have done so on behalf of the health of communities, and the planet.

Because though the Toronto Declaration begins with a populist appeal to sustainability, job creation and financial regulation, it enshrines a commitment to force the poor and working class around the world to tighten their belts yet again as states implement strict new austerity programmes.

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