" That we live above our means is simply a lie "

A simple and brief, economics lesson about the due from S. George, president of the Planning Committee of the Transnational Institute of Amsterdam, philosopher and political analyst, vice president of ATTAC France between 1999-2006. Spanish Revolution.

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Vulture funds lose a major legal battle in Belgium

The verdict, dated May 31, 2018, underpins one of the main weapons available to States to curb the voracity of these investment funds that began to become infamous for the purchase of sovereign debts such as Argentina or Greece and that in recent years are launching to the plunder of…

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The consequences of the rise of oil

The worst could come later, as Spanish banks are still highly vulnerable and debt remains high, especially in the public sector. If the worst expectations are met and high oil prices, global economic slowdown and rising rates are joined, the recession will be assured. Unless the ECB takes quick action,…

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Carmena will leave the EMT debt to zero

The EMT will have a new capital increase for this 2018. The City of Madrid will dedicate 200 million euros to the transport company, of which 74 million will be used for the total amortization of the financial debt of the municipal company. In this way, Manuela Carmena will leave…

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The true magnitude of sovereign debt

The Great Recession has supposed to end with many economic theories assumed as indisputable truths, when they were simply conjectures of character not only ideological, strictly conservative, but, above all, of defense of class interests. It is in this great farce, worthy of the patriotic Baroque Theater, where perhaps one…

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The true magnitude of sovereign debt

The Great Recession has supposed to end with many economic theories assumed as indisputable truths, when they were simply conjectures of character not only ideological, strictly conservative, but, above all, of defense of class interests. It is in this great farce, worthy of the patriotic Baroque Theater, where perhaps one…

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The gigantic ball of global debt that should worry us

The global debt is at historic highs, reaching a total of 164 billion dollars in 2016, equivalent to 225% of world GDP. The world is now 12 percentage points more indebted than the previous peak in 2009, with China as a catalyst for this debt. We are faced with several…

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The debt of families rises to reach 702.804 million euros

Household debt rose 0.2% in February, to 702,804 million euros, which is 1,479 million euros more than the previous month, although it remains at its lowest level since 2006, according to the data published this Thursday by the Bank of Spain. In interannual rate, the indebtedness of Spanish households fell…

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