financial crisis

The Nerve: The Cuts Don't Work

Submitted by Rain on Sat, 09/08/2012 - 09:04

Published on Sep 6, 2012 by

A musical history of Britain's ConDemolition.
Select HD. Please like, comment and subscribe.
Based on The Verve's classic number one single, "The Drugs Don't Work"
http://www.youtube.com/watch?v=ToQ0n3itoII
Backing track: the Ameritz Karaoke band
Video editing and vocals: Jack Morgan
www.jackmorganmusic.com
Take action against austerity:
www.falseeconomy.org.uk
www.ukuncut.org.uk
March in London, October 20:
www.afuturethatworks.org

Source: YouTube.com

'Greece is bankrupt. Full stop. Game over'

Submitted by Rain on Sun, 08/26/2012 - 09:58

Published on Aug 23, 2012 by
 

It's 'crunch time' for Greece right now - the German leader and French president are working out whether to grant Athens the 'breathing space' it says it needs to sort its finances out.

The country's been relying on international loans for over two years, but is struggling to meet its bailout conditions.

Meanwhile, Chancellor Merkel's allies in Berlin say 'a Greek exit wouldn't have a 'great impact' on the Eurozone'.

Investment advisor Patrick Young says, whether on not Greece is provided with more time, there's no chance it'll manage to get its economy back on track within the Eurozone.

 

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