austerity

Robin Hood campaigners outside the German Finance Ministry handing in the Million Strong petition. Credit: DGB/Steinle, 7 May 2015

Blog: The most popular tax in history? The ‘Million Strong’ campaign for a Robin Hood Tax

From Rome to Berlin, Robin Hood Tax campaigners are coming together this week to present a ‘Million Strong’ petition to European leaders. Since the campaign launched, supporters in Europe have taken over a million actions in support of the Financial Transaction Tax (FTT), making it one of the most popular taxes in history.

Greek protest against austerity, 2011.

Blog: Why Greece rejected the austerity that increased poverty and inequality

Greece’s rejection of austerity policies may raise eyebrows across Europe, but it should not come as a surprise. Civil society has been warning about the possibility of a continental ‘lost decade’ for several years, with Oxfam predicting that damaging austerity policies could force up to 25 million Europeans into poverty by 2025.

Tax inequality at the heart of European public discontent

Blog: Tax inequality at the heart of European public discontent

It is a shocking indictment of the system that the 85 richest people on the planet own as much money as the world’s bottom half, and in Europe the top 10 richest people have a combined wealth of €217bn – reveals Natalia Alonso.

Working for the Few: Inequality and the threat to democracy

Blog: Working for the Few: Inequality and the threat to democracy

Emerging from the financial crisis, the global economy is strengthening. Yet around the world most people are still being excluded from opportunities to better themselves and achieve prosperity. Increasingly the biggest benefits of growth are being captured instead by a tiny elite. We live in a world where the 85 richest people own the wealth of half of the world’s population.

A cautionary tale: Europe's bitter crisis of austerity and inequality

Blog: A cautionary tale: Europe's bitter crisis of austerity and inequality

By Winnie Byanyima and Sharan Burrow

Because of austerity, Europeans may have to live through the type of disastrous period experienced by Latin Americans, Asians and Africans in the 1980s and 1990s.

Europe's aggressive plans to balance the books by slashing public spending are proving to be a disaster. By ignoring mistakes from history, Europe risks repeating them. The most vulnerable people in Europe are facing an ‘austerity winter' that could last a generation.

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