GLW issue number 1007


Italy: Greater unity, optimism as left backs Tsipras

The project is called “The Different Europe with Alexis Tsipras”. It name is written on a red background. Predictions indicate it could surpass, maybe easily, the 4% electoral threshold needed to win seats in the coming European elections. In 2009, this threshold prevented both left lists, the Communist Refoundation Party (PRC) and the Left Ecology Freedom (SEL), both of which received only a little more than 3%, from winning seats. This new project, however, is not a mere electoral coalition set up to clear this hurdle. In its foundation and structure it is something very different.

Europe’s financial transactions tax sparks big fight

During the six years of economic crisis in Europe, its elites have not just attacked the living standards of workers, unemployed and poor. They’ve also been engaged in a three-and-a-half year scrap among themselves. Their fight is over a financial transactions tax (FTT), first mooted by the European Commission (EC) in October 2010 for all 28 members states of the European Union. It was finally agreed to in January last year by 11 Eurozone members ― Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia (the “EU11”). Aims

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