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Austerity

Armenia Suspends Power Hike In A Bid To End Protests

By Agencies in Al Jazeera - Armenia's president has suspended an increase in household electricity rates in an effort to end the protests that have blocked the capital Yerevan's main avenue for six straight days. President Serzh Sargsyan told a meeting of senior officials on Saturday that the tariff rise would go into force, but the government would cover the extra "burden" instead of the public until an independent audit of the decision was completed. Sargsyan said that the 17-percent electricity hike was necessary to support the power grid and therefore he was ordering the government to cover the cost. The protesters refused to go home and said they would not respond to the offer until 6pm (1400 GMT) on Sunday.

Greek Referendum: Euro Crisis Explodes Into Dramatic Climax

By Jerome Roos in Roarmag - Tsipras’ spectacular decision late on Friday to fly back to Athens and put the Eurogroup’s final bailout offer to a referendum — with the government advising voters to reject the deal — has stunned friends and foes alike. Now, with depositors lining up at ATMs to withdraw cash, the Eurogroup refusing to extend the current bailout program, the ECB capping its emergency liquidity assistance for Greek banks, and Greece set to miss a €1.5 billion IMF payment on Tuesday, the long-awaited endgame is finally upon us. After five long and exhausting years, the euro crisis has exploded into its dramatic climax. Those who now lambast the Greek government for its supposed “recklessness” in calling the referendum are profoundly mistaken. Yes, as I have argued many times before, Tsipras’ and Varoufakis’ belief that they could somehow extract an “honorable compromise” from the creditors was always extremely naive.

Steal From Taxpayers, Blame The Poor

By Paul Buchheit in Inequality - It’s a vicious circle of hypocrisy: Americans dependent on the safety net are urged to “get a job” by the same free-market system that pays them too little to avoid being dependent on the safety net. According to the Economic Policy Institute, $45 billion per year in federal, state, and other safety net support is paid to workers in the bottom 20 percent of wage earners. Thus the average U.S. household is paying almost $400 to employees in low-wage industries such as food service, retail, and personal care. A Demos study found that raising wages to $25,000 per year (about $12.50 per hour) for full-time retail workers would lift 734,075 people out of poverty. It would probably help a lot more.

Irish Burn Water Bills, Fly Greek Flag In Solidarity At Mass Dublin Protest

A LARGE CROWD has marched to the GPO in Dublin today as water charge protests return to the capital. Having taken a backseat to campaigning for the same-sex marriage referendum, is once again at the forefront of the political agenda. Today in Dublin, thousands marched to the GPO, where they heard a speech from independent TD Catherine Murphy and proceeded to burn their Irish Water bills. There were a number of Greek flags on display, as protesters used the event to show solidarity with the country, which is teetering on the edge of default. Union officials and leaders from the Right2Water campaign also addressed the crowds. While there was a small Garda presence, no incidents have been reported.

Athens Protesters Call For Greece To Defy Troika & Leave Euro

By Ruadhán Mac Cormaic in Irish Times - From the steps of the imposing parliament building, Katherina Sergidou gestures at the swelling crowd that stretches out across Syntagma Square, filling the night sky with defiant chants. “We’re here to show there are a lot of us,” she says proudly. “A big window has opened – a window of change.” On the eve of an emergency EU summit aimed at striking an 11th-hour deal to end the stand-off between Greece and its lenders, thousands took to the streets of Athens last night to keep up the pressure on Greece’s government, led by the left-radical Syriza, and to show defiance in the face of pressure from the EU and the IMF. The protest, organised by left-wing parties and trade unions, was also designed as a response to a right-wing protest held in the city at the weekend.

Hundreds Of Thousands Protest Austerity In London

By Rose Troup Buchanan in The Independent. London, UK - Hundreds of thousands of people have marched through London protesting against the Conservative government’s austerity measures. Charlotte Church branded austerity "unethical, unfair and unnecessary" as she joined the quarter of a million demonstrators. Comedian Russell Brand and singer Church both received loud cheers as they spoke at a rally at the end of the protest - the biggest in Britain for several years. The Welsh singer, 29, described the idea that Britain needs austerity as "the big lie" and said: "What this country needs is economic stimulation - most economists around the world would say the same. We need to get the blood pumping." She called for the country to rally and "save ourselves from decades of yuppie rule".

‘Moral Monday’ Activists Arrested, Protesting Proposed Budget Cuts

By Ellyn Fortino in Progress Illinois - Seven Illinois activists were arrested and more than 20 were issued citations after staging a downtown Chicago protest late Monday morning against Republican Gov. Bruce Rauner's proposed budget cuts. As part of their "Moral Monday" demonstration, approximately 150 clergy and grassroots activists with Fair Economy Illinois marched from the Thompson Center to 2 N. Riverside Plaza, the downtown office building of billionaire investor and Rauner ally Sam Zell. There, 21 activists were issued citations by Chicago police after sitting down in the street and blocking traffic at the intersection of Canal and Madison streets. Another seven activists were arrested for criminal trespassing after protesting inside the skyway connecting Ogilvie Transportation Center to the Riverside Plaza building.

Newsletter: Billionaires Fear Revolt As People Power Grows

By Kevin Zeese and Margaret Flowers. Last week there was a populist revolt from across the political spectrum. Congress received tens of thousands of phone calls every day from people who are clear which side they are on: they want people and planet before profits; they want an open, transparent democracy not a secretive oligarchy. The campaign to stop Fast Track for corporate trade agreements like the TPP is a clarifying moment. It is democracy vs. oligarchs making decisions for us. It is transparency vs. secret law. It is the people vs. big business. It is a mobilized people vs. big money. These are the issues that unite people into a movement of movements. These are conflicts that let us know who is on the side of the people.

Citizens Take Power In Spain’s Largest Cities

By Staff for Euro News. “We are servants of the people of Madrid”, said Carmena. “We are here because they have chosen us to represent them. We cannot forget it.We are at their service. Therefore I would insist and remember that we want to listen as well as govern”. Pablo Iglesias, the leader of the anti-austerity anti-corruption Podemos party was there to the witness the event. He can claim much of the credit for the changes taking place across the country. The victory for the left wing citizens’ alliance in the Spanish capital is the fall out from the dismal ruling right-wing Partido Popular results in the local and regional elections last month. Similar citizen-driven left-wing alliances are now also in power in Barcelona and Valencia. What amounts to a political revolution in Spain can be traced back to the ‘indignados’ protests against austerity measures introduced by the PP Prime Minister Mariano Rajoy in 2011.

Destroying This Nation: Magical Tour Of American Austerity Politics

By Laura Gottesdiener, Eduardo García in Common Dreams - Something is rotten in the state of Michigan. One city neglected to inform its residents that its water supply was laced with cancerous chemicals. Another dissolved its public school district and replaced it with a charter school system, only to witness the for-profit management company it hired flee the scene after determining it couldn’t turn a profit. Numerous cities and school districts in the state are now run by single, state-appointed technocrats, as permitted under an emergency financial manager law pushed through by Rick Snyder, Michigan’s austerity-promoting governor.

20,000+ Police Deployed Against G7 Protests In Germany

By Jon Queally for Common Dreams. Though outnumbered by police by approximately two-to-one, thousands of people took to the streets of the Alpine resort town of Garmisch-Partenkirchen in Germany on Saturday to express their opposition to the hegemonic and neoliberal policies of the G7 nations as they gathered in a nearby luxury hotel ahead their annual summit which begins Sunday. Speaking out against the destructive policies of the world's leading industrialized nations—which includes the U.S., U.K., Canada, France, Japan, Italy, and Germany—organized groups and individuals who participated in the protest carried signs and banners decrying inaction on climate change, the pending TransAtlantic Trade in Partnership (TTIP) agreement, ongoing wars and militarization, and the overarching assault on global democracy that has seen the power of corporations rise alongside nearly unprecedented levels of economic inequality.

Greek Leader: Cannot Consent To ‘Irrational’ Proposals

Greece cannot accept the "irrational" proposal made this week by its bailout creditors, Prime Minister Alexis Tsipras told an emergency Parliament session Friday, adding that any deal must also include some lightening of the country's crushing debt load. "There is no question of our accepting an agreement that does not contain the prospect of debt restructuring" that would help Greece regain the market access lost five years ago, Tsipras said. Despite a significant writedown in 2012, Greece's debt remains huge, at nearly 180 percent of annual output. Bailout creditors had initially promised further respite, but details on their latest proposal leaked by Athens made no mention of debt lightening. Tsipras' speech came the morning after a surprise announcement that Greece would defer an IMF payment due Friday, and would instead bundle all four installments due in June — a total of 1.6 billion euros — into one payment at the end of the month.

Arrests In London As Thousands Protest Austerity

Thousands of anti-Tory protesters have taken to the streets to show their fury withthe most right-wing Queen's Speech in a generation. At least five were arrested as pockets of trouble flared in London today, where union leaders, students and left-wing MPs blocked streets and chanted slogans. Although most of the demonstration was peaceful, there were scuffles between police and some protesters. Some were knocked or held to the floor as tensions flared, with those around them shouting: "F*** the police". One crowd of protesters was seen blocking the part of a police van with its sirens on as they shouted: "You killed Mark Duggan." And a group mobbed UKIP's only MP Douglas Carswell calling him 'racist' and 'fascist' - an experience he said was 'terrifying'. He was led by a large group of officers to safety in a police van after the incident outside St James' Park tube station. He said it was "out of nowhere, a mob over 100 strong, and it got incredibly nasty. I mean this was a lynch mob on the streets of London.

1000s Expected At Anti-Tory Protests As Queen Opens Parliament

Thousands of people are expected to join anti-government demonstrations during the state opening of parliament on Wednesday, just over a fortnight after an anti-Tory protest in Whitehall led to clashes with police. Organisers expect a crowd of around 5,000, including a large student bloc, to gather at Trafalgar Square in opposition to Conservative plans for five more years of spending cuts. About 2,000 are expected for a separate march from Downing Street through Westminster. Militant anarchists have organised a protest on Parliament Square earlier the same day, around the time the Queen is expected to arrive at Westminster. They intend to use the slogan: “Five more years of this shit? No fucking way!” The rallies are part of a wave of protests that have followed the Conservatives’ election victory on 7 May. Fifteen people were arrested a day after the resultswhen scuffles broke out between police and protesters outside Downing Street.

Five More Years of Tory Government

United Kingdom - It’s been an astonishing election, one that stumped the betting markets, gave victory to the Tories and left almost everyone else reeling and wondering, in the words of Dorothy Parker, “What fresh hell is this?” Amid the highest voter turnout since 1997, Prime Minister David Cameron and his Conservative Party trounced the opposition to return with a majority 331 seats (out of 650). Ed Miliband (Labour) and Nick Clegg (Liberal Democrats) have now resigned as leaders of their parties. Unencumbered by the centrist Lib Dem coalition, the Tories will have free rein to advance their brutal politics of inequality. Cameron, an almost Monty Python-esque upper-class caricature, will lead Britain further down the murky path of austerity, privatization, increased surveillance and jingoism. The Tory electoral victory has, for now, annihilated multiparty politics and emboldened British nationalism to a dangerous degree.
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