Tag: Euro crisis

  • Statement for a Standing Plan B in Europe

    Plan B Summit – 19-20 November 2016, Copenhagen

    We, the undersigned, elected representatives, academics, trade unionists, social movements, party organisations, commit ourselves to a standing Plan B for Europe as a force of opposition and alternative to the European institutions. We refuse a Europe of permanent austerity, attacks on social and labour rights and devaluation of labour ...

  • ECB justifies including Deutsche Bank China sale in stress tests

    Financial Times reported about the Deutsche Bank stress test

    After the Financial Times reported in October that Deutsche Bank had received the concession in the tests, Fabio De Masi, a leftwing German politician and member of the European Parliament, asked the central bank to explain its decision. Financial Times, 10.11.2016 In a letter to Mr De ...

  • Press review: Petitions to Barroso and ex-Commissioners’ links to businesses

    A press review about the Petition with more than 200.000 signatures

    EUreporter.co, 12.10.2016 "[...] German MEP, Fabio De Masi, member of the ITCO intergroup who has called for Barroso’s resignation from Goldman Sachs, said: “Barroso walks through the revolving-door into Goldman Sachs whilst EU citizens are living through the financial crisis and austerity policies ...

  • GUE/NGL requests statement by the European Commission on Deutsche Bank

    A press release of Fabio De Masi

    GUE/NGL has requested the European Commission to comment on the dangers Deutsche Bank poses to the stability of the financial system during the next plenary session in Strasbourg (24.-27.10.2016). MEP Fabio De Masi (Die Linke) - member of the committee for Economic and Monetary Affairs as well as the ...

  • Press review: Greece’s reform policy

    A press review

    The online newspaper "New Europe" reported about the reform policy in Greece and the debate about this topic in the European Parliament. Here you can watch the Speech of Fabio De Masi in the ebate about Greece. New Europe, 06.10.2016 "[...] In a similar vein, German MEP Fabio de Masi called for an immediate end to the destructive policies that have allowed, with impunity, the exploitation of Greek´s national wealth by banks and businesses ...

  • Press review: Deutsche Bank in crisis

    Politico about the problems of the dangerous bank of the world

    Politico, 03.10.2016 "[...] Then, on Friday, Deutsche Bank’s share price touched its lowest level in 30 years. Also pulled into the turmoil was Commerzbank, Germany’s second-largest lender, which had already announced a €1.1 billion restructuring plan. Watching the fast-moving drama unfold, some incredulous EU politicians were shaking their heads at the Commission’s move to soften up global capital rules in these volatile times ...

  • The EU is destroying Europe

    Fabio De Masi wrote an article on the future of the EU that was first published in German by the newspaper neues deutschland

    There’s a crisis in the EU. First Brexit, now stress with Italy’s banks. Meanwhile, former EU Commission President José Manuel Barroso sets off to work at Goldman Sachs, while his country buckles under the penalties resulting from its budget deficit, despite Portugal’s obedient implementation of the Troika’s reforms ...

  • Democracy and Popular Sovereignty instead of Neoliberal Integration and a failed Euro-System

    Appeal of the Lexit-Network

    With the implementation of the European single market and the Maastricht Treaty, European integration was established as a neoliberal project for the long run. The Stability- and Growth Pact, the fundamental freedoms of the single market and the European monetary union, among other elements, constituted a framework that has fueled austerity policies, the dismantling of workers’ rights and the welfare state and imposed privatization throughout the EU member states ...

  • ECB urged to lavish ‘helicopter money’ on consumers

    The Financial Times reported about the debate of helicopter money

    Financial Times, 16.06.2016 "[...] Fabio De Masi, a German lawmaker from the Die Linke party, who has been pushing the ECB for months to consider alternative policy options, said that quantitative easing combined with austerity “will only inflate asset bubbles as nobody invests despite ultra-low interest rates ...

  • Press review: One year EFSI

    A press review about the Juncker-Plan

    Euractiv 09.06.2016 "[...] German MEP Fabio Masi (GUE/NGL) labelled the fund as “Juncker voodoo”, adding that the instrument is just an “unnecessary, expensive return guarantee for banks and insurers”. [...]" The article "Berlin finds talk of Juncker Plan extension ‘irritating’" by Nicole Sagener is available at Euractiv ...

  • Der Einfluss der EZB bei den G30

    Der Wirtschaftsjournalist Norbert Häring vom Handelsblatt im Interview mit dem irischen Radiosender Newstalk

    Der Journalist Norbert Häring, Wirtschaftskorrespondent im Handelsblatt spricht im Interview mit dem irischen Radiosender Newstalk über den Einfluss der EZB auf die Group of Thirty  vom Handelsblatt. Am Ende des Interviews findet auch die Arbeit von Fabio De Masi Erwähnung. Zum Interview ...

  • ECB should finance public investment not financial bubbles

    A press release of Fabio De Masi

    GUE/NGL MEPs were adamant that the ECB needed to support more public investment during a debate in the European Parliament this evening in the presence of ECB President Mario Draghi and Commissioner Valdis Dombrovskis. MEPs were discussing the European Central Bank annual report for 2014. GUE/NGL MEP Fabio De Masi said: "The euro crisis drags on ...

  • 5 Presidents: Heading for crash

    Fabio De Masi on plans to reform the Euro

    Prior to the referendum on the Troika dictate, President of the European Commission, Jean-Claude Juncker, and President of the European Parliament, Martin Schulz, threatened the Greek people that an oxi (no) vote would be incompatible with Euro membership. Even the Portuguese president, Anibal Cavaco Silva, wanted to abolish democracy ...

  • What Europe wants for 2016?

    Politico asked Fabio De Masi for his New Year’s resolutions.

    Fabio de Masi, MEP, Germany, European United Left-Nordic Green Left “2015 was euro crisis, migration and terror. 2016 smells like more trouble. Bombs on Syria and dirty deals with Turkey will fail to combat terror, austerity will continue depression. The shortage of jobs, housing and schooling amid migration crisis may boost the Le Pens ...

  • Economic and Monetary Union proposal fails to address unemployment and poverty

    During this morning's debate in the European Parliament on the Economic and Monetary Union, GUE/NGL MEPs criticised the Commission's proposal for failing to present solutions that would reduce unemployment and poverty.   German MEP, Fabio De Masi, commented: "The leading French economist, Piketty, calls the architecture of the euro a monster ...

  • Economic and Monetary Union proposal fails to address unemployment and poverty

    During this morning's debate in the European Parliament on the Economic and Monetary Union, GUE/NGL MEPs criticised the Commission's proposal for failing to present solutions that would reduce unemployment and poverty.   German MEP, Fabio De Masi, commented: "The leading French economist, Piketty, calls the architecture of the euro a monster ...

  • Presseschau: TAXE II - Die Aufklärung geht weiter

    Die Süddeutsche Zeitung und The Parliament Magazine berichten über die Erneuerung des Mandats des Sonderausschuss "Steueroasen"

    Nach einigem Hin und Her in den letzten Wochen, wurde das Mandat des Sonderausschusses Steueroasen erneuert. Die Süddeutsche Zeitung berichtet über die Auseinandersetzungen über die Erneuerung des Mandats und die kommenden Herausforderungen für den Sonderausschuss. Süddeutsche Zeitung, 02.12.2015 "Nach wochenlangem Hin und Her haben sich die Fraktionsvorsitzenden im Europaparlament geeinigt: Der Lux-Leaks-Ausschuss geht in die Verlängerung ...
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