Whether through intention or ignorance, lower wages or another unsustainable bout of speculation are the logical consequence of the bi-partisan commitment to austerity that now rules Washington.
Matteo Renzi, the new young leader of the Democratic Party, has pledged a sweeping turnaround in the political landscape, but the unresolved problem for the Italian left is the relationship with the eurozone's dreadful policies.
An European research shows that the restrictive measures of each country impact, not only on himself, but also on the others, and bounces on the country itself. The conclusion is that the entire line of the fiscal compact that must be changed.
The strong opposition of Russia, the common sense of the American President, effectively avoided a conflict that Saudi Arabia and France had decided to start.
The burden of adjustment is being disproportionately placed on peripheral European countries, exacerbating extremely high unemployment. What is extraordinary is that the criticism should come from the US government before it is raised by the European Commission.
The only electoral promise Fidesz has fulfilled has been the “restoration of order”, through a myriad of laws, decrees and regulations, a particularly harsh new Penal Code and several new organizations.
The minimum wage is one of the few areas of bipartisan consensus. Yet the corporate lobbies have been fierce, and largely successful, in their opposition to any increase in the minimum wage.
