Ireland is to receive €85 billion from the European Financial Stabilization Facility, a large part of which will be passed on through to the country’s banks. Altogether, this credit line has been stocked up to the tune of €400 billion; on top of that comes €60 billion from the European Commission’s Financial Consolidation Mechanism. The Commission was particularly proud of the latter instrument, since it thought it was getting a tool that might move the Brussels bureaucracy a tiny step towards greater financial autonomy. But their hope that of some day becoming a player on the financial field was soon dashed: Merkel and Sarkozy made it clear that this mechanism will expire in 2013.
Archive for March, 2011
Euro-Crisis: in Ireland, the worst is yet to come
Monday, March 7th, 2011
Dilemmas of Contemporary Environmentalism
Friday, March 4th, 2011Joan Martínez Alier analyses in his paper the negative tendencies of the impacts of the economy on the environment and the rising conflicts of ecological distribution. The text is in Spanish.
From Dakar to Egypt and back again. The 2011 World Social Forum in Dakar
Tuesday, March 1st, 2011
These days, world history is being written in Cairo and other North-African cities and countries. But the ten-year old World Social Forum, which took place in mid-February in Dakar, Senegal, has proven itself to be an indispensible transnational space of encounters, for the development of strategy, or for launching campaigns. For many activists, the Forum began already one week before the official opening, with a migration caravan from Bamako, Mali, to Dakar, which sought to both inform people, and learn from and network with them, about the complex interrelationships surrounding the issue of migration. Beyond this one, a number other caravans towards the Senegalese capital had been organised as ways for their participants to highlight their respective issues, and to learn about other conditions and situations.
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