• What are The European Union Austerity Measures/Policies? - Greece Austerity

    Video infographic explaining the European Austerity Measures/Policies implemented by the EU government. Austerity measures are attempts to significantly curtail government spending in an effort to control public-sector debt, particularly when a nation is in jeopardy of defaulting on its bonds. The global economic downturn that began in 2008 left many governments with reduced tax revenues and exposed what some believed were unsustainable spending levels. Several European countries, including the United Kingdom, Greece and Spain, have turned to austerity as a way to alleviate budget concerns. As a result, their budget deficits skyrocketed. Austerity became almost imperative in Europe, where eurozone members don't have the ability to address mounting debts by printing their own currency. As...

    published: 30 Jun 2015
  • "Austerity Programs" - Richard D Wolff

    "Capitalism Hits the Fan" - Special Comments In these short video clips, Professor Wolff offers quick commentary on topics relating to capitalism, the economic crisis, strategies for social change and current events. Professor Wolff's Website: http://www.rdwolff.com Professor Wolff's RSS Feed: http://rdwolff.blip.tv/rss/flash

    published: 25 Feb 2011
  • Collignon Says Europe Austerity Programs Slowing Growth

    Sept. 6 (Bloomberg) -- Stefan Collignon, international chief economist at the Center of European Research, discusses the euro-area economy and the Swiss central bank's decision to impose a ceiling on the franc's exchange rate. Collignon speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."

    published: 06 Sep 2011
  • Explainer: Why Austerity Won't Save Greece

    Feb. 19 -- Austerity programs demanded by Greece's debtors are pinching the country's economy. And history shows very few countries have been able to meet the Troika's demands. Bloomberg's Brendan Greeley explains how to measure austerity and how it is unlikely to help Greece get out of debt. --Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies...

    published: 19 Feb 2015
  • Mark Blyth: "Austerity - The History of a Dangerous Idea" | Talks at Google

    Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form o...

    published: 03 Jun 2013
  • On Contact: The Cost of Austerity with Mark Blyth

    On this week’s episode of On Contact, Chris Hedges sits down with economist Mark Blyth to discuss the detrimental ramifications of austerity programs following the 2008 financial crisis. Professor Blyth, author of “Austerity: The History of a Dangerous Idea” addresses the political effects of the spending cuts and considers why the elites will not take responsibility for the fallout. RT Correspondent Anya Parampil examines the impact austerity measures have had on the American working class and the poor since 2008. Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America

    published: 10 Sep 2016
  • The Meaning of "Austerity"

    TRANSCRIPT AND SOURCES: http://ur1.ca/0balr ..."Austerity" is one of those Orwellian terms that has been injected into our political discourse precisely because it is a nice-sounding word for a very painful reality. "Austerity" implies discipline, self-restraint, even nobility. "Austerity" is prudent. "Austerity" is modest. "Austerity" is a virtue. It is an end in itself. If the IMF or the European Central Bank come to the people of a collapsing European nation and tell them to sacrifice their pensions and their savings and their very standard of living all for a debt that their government has fraudulently racked up in their name, no one would go for it, and rightly so. But tell those same people that they need to implement "austerity measures" in order to "get back on their feet"...

    published: 22 Jun 2010
  • European austerity programs based on an excel error?

    http://www.euronews.com/ The economic theory underpinning austerity policies being followed by governments world wide may be flawed. That is the allegation made in a study by the University of Massachusetts. It claims to have found coding errors on the Excel spreadsheet used by the academics who produced the theory which could invalidate their conclusions. It was economists Kenneth Rogoff and Carmen Reinhart who found that economic growth normally slows when a government's debt exceeds 90 per cent of the country's annual economic output. The observation and the subsequent conclusion that countries must cut public spending has meant hardship for millions. Policy makers around the world have imposed austerity measures in a desperate bid to ensure a growing economy. However analysts do ...

    published: 18 Apr 2013
  • Interview with Noam Chomsky about the Euro Zone, Austerity and Free Trade

    "The future of the Euro zone looks pretty dim unless primarily Germany changes its stance", says Noam Chomsky. Germany was forgiven its huge debt by European countries after World War II so it could grow its way out of the crisis and became the major industrial center of Europe. Now Germany is in the lead in trying to prevent similar policies. "Austerity is no way to get out of a crisis, it just makes it worse". Even the International Monetary Fund has pulled back from it. Meanwhile the famous article of the Harvard economists Reinhart and Rogoff which was used as the intellectual foundation of the austerity programs turned out to be flawed. "Deficits do in fact provide and stimulate demand. (...) Overcoming deficit is not a problem. It´s a problem for the banks and therefore it´s the cent...

    published: 10 Jun 2013
  • IMF Global Austerity Programs = Global Governance - YouTube.flv

    Suppor this channel Canuckism101.

    published: 09 Aug 2011
  • Austerity Programs Are Rejected by Greek Voters, U.S. Stocks Open Lower

    U.S. stocks opened lower Monday as Greece ventures into an uncertain future when voters overwhelmingly rejected austerity plans aimed at relieving the nation's crushing debt. Sales of computer and mobile chips climbed 5% in May, according to the Semiconductor Industry Association. Tesla Motors (TSLA) shares are less than 4% from their all time high set on September 4th. Shares rallied 4% after the electric car maker reported record sales. Securities regulators have launched a broad investigation into whether hedge funds and other investors are improperly selling hot private technology stocks amid a boom in the trading of such shares, according to the Wall Street Journal. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet...

    published: 06 Jul 2015
  • Professor Richard D. Wolff "Austerity Programs".mov

    published: 14 Jan 2011
  • The UK Doubles Down on Austerity

    John Weeks: The UK announces tens of billions of dollars of cuts to social programs despite a poor economic recovery See more videos: http://therealnews.com

    published: 26 Jan 2014
  • Austerity Programs and Rates: What It Means To You - July 7, 2010

    Real Estate Education - Mortgage Information Video Blog

    published: 07 Jul 2010
  • Europe Suffers from too much Austerity

    Zakaria: Europe suffers from too much austerity By Fareed Zakaria, CNN A new poll in the United States shows that Americans are still deeply frustrated at the slow pace of the economic recovery. That's understandable. Unemployment stays stubbornly high. But I was just in Europe, and they think America is booming. Consider this: the U.S. economy is on track to grow between 2 and 3 percent this year. In Europe, by contrast, half the eurozone economies are going to actually shrink this year - and not one major European country will grow over 1%. Last Thursday, Christine Lagarde, the head of the International Monetary Fund, and former French Finanace Minister of France, said there were "dark clouds" hanging over the global recovery and that the eurozone was at the "epicenter of potential r...

    published: 22 Apr 2012
  • Violent protests outside Brazil Congress over austerity measures

    Police used tear gas and pepper spray to disperse thousands of demonstrators protesting against cutbacks to social programs outside Brazil's Congress on Tuesday as Senators prepared to vote for a 20-year cap on federal spending. Protesters burned three cars, smashed windows on government buildings and threw rocks at police on the ministry-lined central esplanade of Brasilia, according to a Reuters photographer at the scene. Around 10,000 protesters - ranging from students and landless peasants to supporters of the leftist Workers Party and labor union activists - descended on Congress ahead of the decision, a police spokeswoman said. The protests turned violent when some demonstrators overturned a car and knocked over plastic toilet booths, forcing the police to act against them to prot...

    published: 29 Nov 2016
What are The European Union Austerity Measures/Policies? - Greece Austerity

What are The European Union Austerity Measures/Policies? - Greece Austerity

  • Order:
  • Duration: 2:29
  • Updated: 30 Jun 2015
  • views: 1070
videos
Video infographic explaining the European Austerity Measures/Policies implemented by the EU government. Austerity measures are attempts to significantly curtail government spending in an effort to control public-sector debt, particularly when a nation is in jeopardy of defaulting on its bonds. The global economic downturn that began in 2008 left many governments with reduced tax revenues and exposed what some believed were unsustainable spending levels. Several European countries, including the United Kingdom, Greece and Spain, have turned to austerity as a way to alleviate budget concerns. As a result, their budget deficits skyrocketed. Austerity became almost imperative in Europe, where eurozone members don't have the ability to address mounting debts by printing their own currency. As their default risk increased, creditors put pressure on these countries to aggressively tackle spending. While the goal of austerity measures is to reduce government debt, their effectiveness remains a matter of sharp debate. Supporters argue that massive deficits can suffocate the broader economy, thereby limiting tax revenue. However, opponents believe that government programs are the only way to make up for reduced personal consumption during a recession. Robust public sector spending, they suggest, reduces unemployment and therefore increases the number of income-tax payers. Austerity can be contentious for political, as well as economic, reasons. Popular targets for spending cuts include pensions for government workers, welfare and government-sponsored healthcare, programs that disproportionately affect low-income earners at a time when they're financially vulnerable. More: http://www.investopedia.com/ask/answers/12/austerity-measures.asp
https://wn.com/What_Are_The_European_Union_Austerity_Measures_Policies_Greece_Austerity
"Austerity Programs" - Richard D Wolff

"Austerity Programs" - Richard D Wolff

  • Order:
  • Duration: 4:32
  • Updated: 25 Feb 2011
  • views: 3879
videos
"Capitalism Hits the Fan" - Special Comments In these short video clips, Professor Wolff offers quick commentary on topics relating to capitalism, the economic crisis, strategies for social change and current events. Professor Wolff's Website: http://www.rdwolff.com Professor Wolff's RSS Feed: http://rdwolff.blip.tv/rss/flash
https://wn.com/Austerity_Programs_Richard_D_Wolff
Collignon Says Europe Austerity Programs Slowing Growth

Collignon Says Europe Austerity Programs Slowing Growth

  • Order:
  • Duration: 2:39
  • Updated: 06 Sep 2011
  • views: 139
videos
Sept. 6 (Bloomberg) -- Stefan Collignon, international chief economist at the Center of European Research, discusses the euro-area economy and the Swiss central bank's decision to impose a ceiling on the franc's exchange rate. Collignon speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."
https://wn.com/Collignon_Says_Europe_Austerity_Programs_Slowing_Growth
Explainer: Why Austerity Won't Save Greece

Explainer: Why Austerity Won't Save Greece

  • Order:
  • Duration: 2:11
  • Updated: 19 Feb 2015
  • views: 4423
videos
Feb. 19 -- Austerity programs demanded by Greece's debtors are pinching the country's economy. And history shows very few countries have been able to meet the Troika's demands. Bloomberg's Brendan Greeley explains how to measure austerity and how it is unlikely to help Greece get out of debt. --Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
https://wn.com/Explainer_Why_Austerity_Won't_Save_Greece
Mark Blyth: "Austerity - The History of a Dangerous Idea" | Talks at Google

Mark Blyth: "Austerity - The History of a Dangerous Idea" | Talks at Google

  • Order:
  • Duration: 1:07:30
  • Updated: 03 Jun 2013
  • views: 199238
videos
Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us. About the Author: Mark Blyth is a faculty fellow at the Watson Institute, professor of international political economy in Brown's Political Science Department, and director of the University's undergraduate programs in development studies and international relations. He is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century; editor of The Routledge Handbook of International Political Economy: IPE as a Global Conversation, which surveys different schools of IPE around the globe; and co-editor of a volume on constructivist theory and political economy titled Constructing the International Economy. He is working on a new book that questions the political and economic sustainability of liberal democracies, called The End of the Liberal World? Blyth is a member of the Warwick Commission on International Financial Reform. He is a member of the editorial board of the Review of International Political Economy, and his articles have appeared in journals such as the American Political Science Review, Perspectives on Politics, Comparative Politics, and World Politics. He has a PhD in political science from Columbia University and taught at Johns Hopkins University from 1997 to 2009. This talk was hosted by Boris Debic on behalf of Authors@Google.
https://wn.com/Mark_Blyth_Austerity_The_History_Of_A_Dangerous_Idea_|_Talks_At_Google
On Contact: The Cost of Austerity with Mark Blyth

On Contact: The Cost of Austerity with Mark Blyth

  • Order:
  • Duration: 26:23
  • Updated: 10 Sep 2016
  • views: 29311
videos
On this week’s episode of On Contact, Chris Hedges sits down with economist Mark Blyth to discuss the detrimental ramifications of austerity programs following the 2008 financial crisis. Professor Blyth, author of “Austerity: The History of a Dangerous Idea” addresses the political effects of the spending cuts and considers why the elites will not take responsibility for the fallout. RT Correspondent Anya Parampil examines the impact austerity measures have had on the American working class and the poor since 2008. Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America
https://wn.com/On_Contact_The_Cost_Of_Austerity_With_Mark_Blyth
The Meaning of "Austerity"

The Meaning of "Austerity"

  • Order:
  • Duration: 8:00
  • Updated: 22 Jun 2010
  • views: 77350
videos
TRANSCRIPT AND SOURCES: http://ur1.ca/0balr ..."Austerity" is one of those Orwellian terms that has been injected into our political discourse precisely because it is a nice-sounding word for a very painful reality. "Austerity" implies discipline, self-restraint, even nobility. "Austerity" is prudent. "Austerity" is modest. "Austerity" is a virtue. It is an end in itself. If the IMF or the European Central Bank come to the people of a collapsing European nation and tell them to sacrifice their pensions and their savings and their very standard of living all for a debt that their government has fraudulently racked up in their name, no one would go for it, and rightly so. But tell those same people that they need to implement "austerity measures" in order to "get back on their feet" economically, and many will be willing to live in the harshest of conditions, content to put up with the dismantling of their nation itself in the vain hope that by giving more power to the international financial institutions they can somehow avoid economic collapse...
https://wn.com/The_Meaning_Of_Austerity
European austerity programs based on an excel error?

European austerity programs based on an excel error?

  • Order:
  • Duration: 1:02
  • Updated: 18 Apr 2013
  • views: 593
videos
http://www.euronews.com/ The economic theory underpinning austerity policies being followed by governments world wide may be flawed. That is the allegation made in a study by the University of Massachusetts. It claims to have found coding errors on the Excel spreadsheet used by the academics who produced the theory which could invalidate their conclusions. It was economists Kenneth Rogoff and Carmen Reinhart who found that economic growth normally slows when a government's debt exceeds 90 per cent of the country's annual economic output. The observation and the subsequent conclusion that countries must cut public spending has meant hardship for millions. Policy makers around the world have imposed austerity measures in a desperate bid to ensure a growing economy. However analysts do not expect government to the discard the theory as the saying 'you should not spend more than you earn' rings true. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/European_Austerity_Programs_Based_On_An_Excel_Error
Interview with Noam Chomsky about the Euro Zone, Austerity and Free Trade

Interview with Noam Chomsky about the Euro Zone, Austerity and Free Trade

  • Order:
  • Duration: 13:48
  • Updated: 10 Jun 2013
  • views: 16986
videos
"The future of the Euro zone looks pretty dim unless primarily Germany changes its stance", says Noam Chomsky. Germany was forgiven its huge debt by European countries after World War II so it could grow its way out of the crisis and became the major industrial center of Europe. Now Germany is in the lead in trying to prevent similar policies. "Austerity is no way to get out of a crisis, it just makes it worse". Even the International Monetary Fund has pulled back from it. Meanwhile the famous article of the Harvard economists Reinhart and Rogoff which was used as the intellectual foundation of the austerity programs turned out to be flawed. "Deficits do in fact provide and stimulate demand. (...) Overcoming deficit is not a problem. It´s a problem for the banks and therefore it´s the center of the political debate because of their political power." But for the population polls show the problem is jobs. "The lack of jobs is destroying a whole generation with all kinds of consequences for the future. In Europe it is even worse. And it is also harming the economy. A huge amount of potential growth is being destroyed because we have to worry about the non-existent threat of inflation." The public just has less and less say when it comes to neoliberal policies, social cuts and free trade. "It´s not irreversible and there is plenty of protests. It might crystallize into popular movements which will compel serious changes. But it´s a long way to go and Germany is in the center of it because of its power."
https://wn.com/Interview_With_Noam_Chomsky_About_The_Euro_Zone,_Austerity_And_Free_Trade
IMF Global Austerity Programs = Global Governance   - YouTube.flv

IMF Global Austerity Programs = Global Governance - YouTube.flv

  • Order:
  • Duration: 7:12
  • Updated: 09 Aug 2011
  • views: 213
videos
Suppor this channel Canuckism101.
https://wn.com/Imf_Global_Austerity_Programs_Global_Governance_Youtube.Flv
Austerity Programs Are Rejected by Greek Voters, U.S. Stocks Open Lower

Austerity Programs Are Rejected by Greek Voters, U.S. Stocks Open Lower

  • Order:
  • Duration: 1:30
  • Updated: 06 Jul 2015
  • views: 72
videos
U.S. stocks opened lower Monday as Greece ventures into an uncertain future when voters overwhelmingly rejected austerity plans aimed at relieving the nation's crushing debt. Sales of computer and mobile chips climbed 5% in May, according to the Semiconductor Industry Association. Tesla Motors (TSLA) shares are less than 4% from their all time high set on September 4th. Shares rallied 4% after the electric car maker reported record sales. Securities regulators have launched a broad investigation into whether hedge funds and other investors are improperly selling hot private technology stocks amid a boom in the trading of such shares, according to the Wall Street Journal. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
https://wn.com/Austerity_Programs_Are_Rejected_By_Greek_Voters,_U.S._Stocks_Open_Lower
Professor Richard D. Wolff "Austerity Programs".mov

Professor Richard D. Wolff "Austerity Programs".mov

  • Order:
  • Duration: 4:11
  • Updated: 14 Jan 2011
  • views: 960
videos
https://wn.com/Professor_Richard_D._Wolff_Austerity_Programs_.Mov
The UK Doubles Down on Austerity

The UK Doubles Down on Austerity

  • Order:
  • Duration: 8:06
  • Updated: 26 Jan 2014
  • views: 3322
videos
John Weeks: The UK announces tens of billions of dollars of cuts to social programs despite a poor economic recovery See more videos: http://therealnews.com
https://wn.com/The_UK_Doubles_Down_On_Austerity
Austerity Programs and Rates: What It Means To You - July 7, 2010

Austerity Programs and Rates: What It Means To You - July 7, 2010

  • Order:
  • Duration: 2:35
  • Updated: 07 Jul 2010
  • views: 92
videos https://wn.com/Austerity_Programs_And_Rates_What_It_Means_To_You_July_7,_2010
Europe Suffers from too much Austerity

Europe Suffers from too much Austerity

  • Order:
  • Duration: 3:22
  • Updated: 22 Apr 2012
  • views: 748
videos
Zakaria: Europe suffers from too much austerity By Fareed Zakaria, CNN A new poll in the United States shows that Americans are still deeply frustrated at the slow pace of the economic recovery. That's understandable. Unemployment stays stubbornly high. But I was just in Europe, and they think America is booming. Consider this: the U.S. economy is on track to grow between 2 and 3 percent this year. In Europe, by contrast, half the eurozone economies are going to actually shrink this year - and not one major European country will grow over 1%. Last Thursday, Christine Lagarde, the head of the International Monetary Fund, and former French Finanace Minister of France, said there were "dark clouds" hanging over the global recovery and that the eurozone was at the "epicenter of potential risk." Borrowing costs for countries like Spain, Italy and Greece are rising again. What is going on? Didn't it look like the Europeans had managed to avert a crisis only a few weeks ago? Yes it did. Mario Draghi, Europe's new Central banker, had adopted a version of Ben Bernanke's policies and injected money into the European financial system and economy. But his efforts are now being undercut by the German Bundesbank, which reflects Germany's obsession about inflation even at the cost of growth. The larger failure, shared across Europe, has been too much austerity. Consider that data we started with. The U.S. economy, which received monetary and fiscal stimulus, will grow at well over 2% this year. European economies that have followed the path of cutting spending and raising taxes to reduce deficits are finding themselves in a downward spiral: cutting spending means laying off people, which means less demand for good and services, which means the economy shrinks, which - ironically - means lower tax revenues and thus larger budget deficits. Take a look at Britain. Britain has followed a brave austerity plan, cutting government spending across the board and raising taxes. The result, British growth has stalled; the economy will grow barely 0.8% this year. And while its budget deficit was predicted to be under 13 billion dollars in February, it was in fact 24 billion dollars for that month alone. After its austerity programs, Spain has hit 20% unemployment - 50% youth unemployment - and now has a much larger budget deficit than projected. Europe needs structural reforms that will cut spending over the long term - by raising retirement ages and cutting benefits. But it also needs pro-growth reforms that open up its labor market. But most importantly for now it needs to stop imposing austerity in a depressed economy and learn from something from the example across the Atlantic. Two or 2.5 percent growth might not look so great in America, but it a lot better than negative 0.3 percent, which is the current estimate for the Eurozone's economic growth. For more of my thoughts throughout the week, I invite you to follow me on Facebook and Twitter and to visit the Global Public Square every day. Be sure to catch GPS every Sunday at 10a.m. and 1p.m. EST. If you miss it, you can buy the show on iTunes. http://globalpublicsquare.blogs.cnn.com/2012/04/22/zakaria-europe-suffers-from-too-much-austerity/
https://wn.com/Europe_Suffers_From_Too_Much_Austerity
Violent protests outside Brazil Congress over austerity measures

Violent protests outside Brazil Congress over austerity measures

  • Order:
  • Duration: 2:21
  • Updated: 29 Nov 2016
  • views: 418
videos
Police used tear gas and pepper spray to disperse thousands of demonstrators protesting against cutbacks to social programs outside Brazil's Congress on Tuesday as Senators prepared to vote for a 20-year cap on federal spending. Protesters burned three cars, smashed windows on government buildings and threw rocks at police on the ministry-lined central esplanade of Brasilia, according to a Reuters photographer at the scene. Around 10,000 protesters - ranging from students and landless peasants to supporters of the leftist Workers Party and labor union activists - descended on Congress ahead of the decision, a police spokeswoman said. The protests turned violent when some demonstrators overturned a car and knocked over plastic toilet booths, forcing the police to act against them to protect Congress, she said. An undisclosed number of protesters were arrested for vandalism and spraying graffiti on government buildings. Brazil's leftist opposition say the spending cap proposed by President Michel Temer would cripple public education and health services in Brazil. To make the bill more palatable, Temer proposed delaying cuts in education and health for a year. Many of the demonstrators carried the red flags of the Workers Party, which has called for protests against Temer's belt-tightening measures which are meant to restore fiscal discipline and control a widening budget deficit. The protests also targeted lawmakers seeking an amnesty from prosecution for taking kickbacks in the massive corruption scandal surrounding state-controlled oil company Petrobras. The Senate is expected to vote for a drastic public spending ceiling in a first-round vote later on Tuesday. The measure, if it clears a final vote on Dec. 13, would limit spending to the rate of inflation for up to 20 years.
https://wn.com/Violent_Protests_Outside_Brazil_Congress_Over_Austerity_Measures