On October 1, 2017, the police of the Spanish State (known as the National Police) endeavored to take the polling boxes where Catalan people were voting in a referendum with two choices: for or against Catalonian independence from the Spanish State. The voting took place in barricaded buildings (most of them state schools) to protect […]
Is The Nation-State And Its Welfare State Dead? A Critique Of Varoufakis
I always read the writings of Mr. Varoufakis with great interest, and I frequently find myself in agreement, particularly in his criticism of the Troika (the International Monetary Fund, European Commission, and European Central Bank) and of the Eurogroup (the Ministers of Economy and Finances of the European Union). I also concur with his call […]
Why The Universal Basic Income Is Not The Best Public Intervention To Reduce Poverty or Income Inequality
There is no uniform interpretation of Universal Basic Income (UBI). The simplest definition may be that UBI is a public program in which the state (at any level—national, regional, or local) transfers to everyone the same amount of money (usually similar to the level of income that defines a country’s poverty line). Among the earliest […]
Why Podemos Poses A Major Threat To The Spanish Political Establishment
Following Syriza’s victory in the Greek elections on 25 January, a number of commentators have turned their attention toward Spain, where the left-wing Podemos, which originally emerged from the Indignados protest movement, has been receiving strong polling numbers since the end of 2014. Vicente Navarro writes on the growth of Podemos and his role in shaping the […]
The Disastrous Labor And Social Reforms In Spain
Spain, under pressure from the Troika (International Monetary Fund, European Commission and European Central Bank) has gone through three major labor market reforms, presented to the public as necessary in order to reduce the scandalous high level of unemployment: 25% in general and 52% among the young. Spain (and Greece) are on the top of […]
Why The European Commission Is Wrong: The Case Of Spain
The Vice President of the European Commission, Olli Rehn, in charge of Economic and Monetary Affairs is becoming the most unpopular EU Commissioner in Spain. He emphasizes over and over again that labor market rigidities are causing the high unemployment in Spain. “Labor rigidities” is a polite way of accusing the Spanish trade unions for […]
Spain is experiencing a Period of intense Social Crisis
The eurozone crisis has badly affected the Spanish economy, leading to rising unemployment and large cuts in public spending. Vicente Navarro writes that the crisis has now progressed into a frontal attack against the Spanish welfare state: already the smallest (in terms of spending as a percentage of GDP) among the EU-15 countries. The underfunded and under-resourced […]
The Euro is not in Trouble. People are!
One of the phrases frequently written in economic circles in the United States (and to a lesser degree in Europe) is “the Euro is going to collapse.” Those who repeat that phrase over and over again do not seem to know how the Euro was established, by whom, and for whose benefit. If they knew […]
There is an Alternative! How Spain could pursue expansionary Policies: by Vicente Navarro
A widely held belief in political circles of the left is that a country, like Spain, cannot follow expansionist policies on its own. It is said over and over again that unless the entire EU or, at least, the Eurozone expands, one country cannot do it alone. This was indeed the position of the Zapatero […]
The Crisis and Fiscal Policies in the Peripheral Countries of the Eurozone
Introduction: The political context To understand the situation in the countries at the periphery of the European Union, four countries within the Eurozone, Portugal, Ireland, Greece and Spain, we have to understand the political context they have in common. All of them were governed by fascist or fascist-like dictatorships (Spain, Portugal, and Greece) or by […]
All Content