austerity measures Videos

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The basics on what austerity is, whether Europe's taking austerity measures, and why it's coming .

Tags: May 22 

Youth unemployment is on the rise in the debt-ridden Spain, forcing young people to seek work opportunities abroad. Beatriz, a postgraduate student from capital Madrid, like many, will be graduating this summer. She could earn 1000 euros each month writing for local newspapers in her spare time, that is before the euro zone's debt crisis. But now she feels a sense of hopelessness about finding a job in the media industry in Spain. Beatriz says she wants to go to France or Algeria to continue her study in the hope of finding a stable job. "Some young people, who become self-employed under the incentives provided by the government, can better cope with the crisis. But they are in the minority as setting up businesses requires both good ideas and funds.Migrating to other countries has become an option among us. I went and lived overseas a few years ago, and now, maybe I will go abroad again in the near future. It makes people feel sad as many young people do not want to leave their...

Tags: May  22  2012  Spain  Graduate  unemployment  high  in 

Youth unemployment is on the rise in the debt-ridden Spain, forcing young people to seek work opportunities abroad. Beatriz, a postgraduate student from capital Madrid, like many, will be graduating this summer. She could earn 1000 euros each month writing for local newspapers in her spare time, that is before the euro zone's debt crisis. But now she feels a sense of hopelessness about finding a job in the media industry in Spain. Beatriz says she wants to go to France or Algeria to continue her study in the hope of finding a stable job. "Some young people, who become self-employed under the incentives provided by the government, can better cope with the crisis. But they are in the minority as setting up businesses requires both good ideas and funds.Migrating to other countries has become an option among us. I went and lived overseas a few years ago, and now, maybe I will go abroad again in the near future. It makes people feel sad as many young people do not want to leave their...

Tags: EUR''  ''GBP''  ''  Forex'' 

Phil Mchugh is head of Corporate Dealers at Currencies Direct UK, lends us his expertise on a daily basis. Foreign Exchange (FX) Market analysis is a daily market overview and commentary. Market Looks To EU Summit The markets have fallen ahead of today's key meeting of European leaders in Brussels indicating that hopes are fading on new measures to help Greece. The FTSE, CAC and DAX are all down and the Euro has slumped lower on a lack of optimism. Today's summit will be a first for new French President Francoise Hollande and the key issues will be extra measures to support liquidity such as Eurobonds and future plans for growth in context with austerity plans. We are not expecting anything concrete from today but at the very least the market needs some semblance of a plan. Spain will also be in the headlines today as it sets outs its plans for ailing Bankia the struggling Spanish lender. Yesterday the markets seemed to be holding up well before confidence started to wane and the...

Tags: EU  summit  growth  austerity  Greece  eurobonds  euro  crisis  zone  Barroso  Hollande  Merkel  Monti  Syriza  elections  Europe  Brussels  European  Commission  Union  Council  Athens  Berlin  paris  News 

EU leaders are gathering in Brussels on Wednesday to discuss how to kick-start growth in Europe while keeping deficits down. New French President Francois Hollande has increasingly been putting pressure on German Chancellor Angela Merkel to reconsider her negative views on Euro bonds, bonds jointly underwritten by all eurozone member states. Hollande warned on Saturday during a G8 Summit in Camp David that he is not alone in supporting the proposal. Italy's Monti, Spain's Rajoy and the EC are expected to back the idea. As the biggest economy in Europe, mutualizing common European debt would mean Germany having to finance sovereign debt from other countries. Merkel has already said she does not rule out euro bonds as a long-term prospect, but under one condition: a more integrated political and fiscal European Union. Cube Spin Greece and the unofficial talk of a Greek euro exit are also set to be discussed. After the elections earlier this month, the Greek political parties failed to...

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Election results in France, Greece and Germany put citizens' choice on a collision course with the economic prescription for austerity. In Canada, the massive strike by Quebec students suggests some Canadians might also flex their democratic muscles and challenge austerity measures. What does it mean for democracy and economics when societies can't live beyond their means, but don't like the proposals on offer?

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Samsung has admitted to concerns over "worrying" weakness in Chinese consumer spending as customer sentiment, damped by government austerity measures, turns against spending on technology products. Kim Young-ha, chief executive of Samsung Electronics China, said the overall market for technology goods in China will probably grow by only about 7 per cent this year, down from 10 per cent in 2011. He pointed to disappointing sales of televisions during the "Golden Week" holiday at the beginning of May -- traditionally a strong sales period -- as evidence of lacklustre demand. A Chinese slowdown would have grave implications for a global economy already hit by the eurozone crisis. The comments highlight anxiety about one of the key growth engines in the world's second-biggest economy: consumer demand. "It is a concern. The situation is not ideal," said Mr Kim. His comments come amid signs of slowing growth in China, home to the world's biggest internet, smartphone and flat-panel TV...

Tags: Italy  earthquake  prime minister  Mario Monti  aftermath  emilia-romagna 

Italian Prime Minister Mario Monti on Tuesday (May 22) toured areas in the Emilia-Romagna region of Italy that was hit by a strong earthquake. Thousands of people have been sleeping in tents and cars as more than 100 aftershocks continue to rock the area hit by a magnitude 6.0 earthquake that killed seven people and inflicted heavy damage to centuries-old cultural sites. Monti viewed damage to the town hall in Sant' Agostino, miraculously still standing despite collapsed walls. As he viewed the damage several women shouted at Monti. The women said they were against Monti's austerity package and were not convinced that wealthy people were paying sufficient taxes and said they felt the weight of the austerity measures were falling on the shoulders of those least able to pay for them. Upon his return to Rome later on Tuesday, Monti promised more help for the northern regions stricken by the tremors, saying it was vital to restore what are some of the most productive parts of the...

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www.profitableinvestingtips.com Weak Chinese Manufacturing Report A weak Chinese manufacturing report helped drive stocks lower recently. Although the problem of decreased industrial output may be in China much of the cause lies in Europe. As the Euro Zone increases it lending limit again, it has become apparent that the European debt crisis is far from over. The Euro zone put in place strict austerity measures during the run up to settling, for now, the Greek debt crisis. Although these measures are likely to reduce the costs of governing across the Euro Zone they are also likely to send the overall European economy back into recession for 2012. Europe is China's biggest customer so it is no surprise that the cause of a weak Chinese manufacturing report is the lingering debt crisis in Europe. Proposed Solutions The head of the US Federal Reserve, Mr. Bernanke, is an acknowledged expert on the causes of the Great Depression. According to current thinking, a bad recession was turned...

Tags: jn1  g8  summit  nations  leaders  austerity  angela merkel  stimulus  eurozone  economies  barack obama  president  germany  uk  greece  iran 

A summit of the G8 leading industrialized nations has ended in compromise with leaders striving to balance European austerity - an approach long driven by German Chancellor Angela Merkel - with a dose of US-style stimulus seen as vital to healing ailing eurozone economies. Before the summit, US President Barack Obama had made clear he was aligning himself with the new French president's drive for more economic stimulus. However the belt-tightening programs spearheaded by Germany and the UK also had significant political support. All leaders, including Russia's Dmitry Medvedev who was standing in for President Putin, agreed that Greece should remain in the Eurozone. But, while the eurozone debt crisis topped the agenda over the weekend, President Obama also used the opportunity to refocus on efforts to resolve the on-going crisis with Iran. The issue will be the focus of attention again next week, as a second round of Iran talks take place in in Baghdad. German Chancelor Angela...

Tags: Greece  Election  Analysis  CCTV 

7 May 2012 CCTV "The peoples of Europe cannot compromise with the barbaric bailouts. The european leadership especially Mrs Merkel needs to understand that a policy of austerity has suffered a huge defeat. We will honour the mandate, the country will cancel austerity measures". Greeks want dramatic changes in the political landscape of Greece. They want to see Growth and a different political system.

Tags: mcguinness  Northern  Ireland 

5 May 2012 Al Jazeera [What about the EU? Are you glad, is it good for Northern Ireland?] I am a very committed European but I am also sharing the anger of many people, North and South, about the domination of the European Union by Germany and France. There are huge austerity measures taking place particularly south of the border. Unemployment is at 15 per cent. [Sinn Fein Election Results] I came ahead of the major parties. It was a very interesting experience for me. [Peace in Ireland] I am glad those days are behind us. There was nothing glorious or romantic or glamarous about the conflict from those days. I have dedicated the last 20 years of my life to the incredible peace in Ireland. The island is now at peace. I like to think I played my part.

Tags: Athens  Austerity Measures  Bailout  Bank Run  Default  Economic Crisis  EU  Euro Zone  Euro Zone Crisis  Euros  Financial Crisis  Global Economic Contagion  Global Economy  Greece  IMF  Italy  Riots  Suicides 

Greece's former finance minister has told Sky News that if Greece reneges on its bailout deal with the EU and the IMF it will "open the door to hell". Sky News last interviewed George Papaconstantinou two-and-a-half years ago. In December 2009 he told how Greece could survive independently and Greece's creditors had nothing to fear - they would get back every euro they were owed. A lot has changed since then. Greece is in the process of borrowing 240bn euros of emergency loans from the EU and the IMF (in return for pledges to raise taxes, cut spending and balance the books) and investors holding Greek debt have been forced write off up to 50% of their money. Even now Greece remains heavily in debt, deep in recession (now in its fifth year) and without a functioning elected government. Mr Papaconstantinou lost his position as finance minister last summer, shortly after the second bailout package was agreed. In the general election, two weeks ago, he also lost his seat as an MP. He...

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The state of California has been in a downward spiral when it comes to it's financial situation. Governor Jerry Brown is now proposing implementing austerity measures to pull the Golden State out of the red. Social programs such as welfare and healthcare for the poor are the first to be slashed and Dr. Caroline Heldman, politics professor at Occidental College, joins us with her take on the situation. Like us and/or followus: twitter.com www.facebook.com

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Ireland will go the polls next week to decide whether to sign up to the EU treaty which will strengthen austerity measures. With Europe's leaders split on how far to extend austerity, this referendum is seen as key. Peter Lovegrove brings you this report.

Tags: GGI  Manife Noctornal  Student Strikes  Police brutality  Loi  78 

19th May, Montreal. As fire rages on the intersection of Saint Denis and Ontario, Firefighters are ordered out of the scene by the SPVM. Lame-stream media and SPVM again claimed that projectiles were thrown at the Firefighters as a justification for that. Our cameras and footage again prove media collusion in propagating lies on behalf of the ruling PLQ and the failing SPVM leadership. It is also interesting to note that Montreal Firefighters have come out with a statement earlier in the 3 months strike supporting the students and speaking against austerity measures.

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**Views Expressed Here May or May Not Be The Views Of You Tube And/Or Affiliates. Please Be Advised Upon Viewership.** It's about to go down folks. President Obama just announced that the G8 Summit Commission have ALREADY decided the FATE of the Western Civilization regarding war, austerity measures, and perhaps a military style police force. This is going to be interesting to see how things unfold so watch as well as pray as this world as we know it today changes SWIFTLY! ***Breaking News! China just bought out AMC-LOEWS Theatre to the tune of $2 billion dollars reported on May 20, 2012! I contend America's for sale!***

Tags: #nonato  Occupy  Police  Police Brutality  Chicago  Indymedia  Nato Protest  Otan Protest Cops 

Thousands of marchers gathered in Chicago today to continue a week of criticism directed at the arms industry, NATO, and the austerity measures carried out against social service providers on the local level. The first of three marches on Saturday focused attention on the closures of half of the city of Chicago's neighborhood mental health clinics as 2-3 thousand people congregated in front of Mayor Rahm Emanuel's home at 4228 N. Hermitage. Around 3:30pm, Saturday, approximately 1000 marchers gathered at Daley Plaza to protest the raid of a Bridgeport home and terrorism charges levied against three anti-NATO activists -- a group dubbed the NATO 3, inspiring a currently trending campaign on twitter with the keyword #NATO3. A third march, the Anti-Capitalist march, had been called to meet at the statue commemorating the international labor movement in Haymarket Square at Randolph and Desplaines on the Near West Side. Several hundred people from the #NATO3 group marched to the South...

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Police beat corralled protesters at State and Washington: 19 May 2012 #NATO. Thousands of marchers gathered in Chicago today to continue a week of criticism directed at the arms industry, NATO, and the austerity measures carried out against social service providers on the local level. The first of three marches on Saturday focused attention on the closures of half of the city of Chicago's neighborhood mental health clinics as 2-3 thousand people congregated in front of Mayor Rahm Emanuel's home at 4228 N. Hermitage. Around 3:30pm, Saturday, approximately 1000 marchers gathered at Daley Plaza to protest the raid of a Bridgeport home and terrorism charges levied against three anti-NATO activists -- a group dubbed the NATO 3, inspiring a currently trending campaign on twitter with the keyword #NATO3. A third march, the Anti-Capitalist march, had been called to meet at the statue commemorating the international labor movement in Haymarket Square at Randolph and Desplaines on the Near...