Tag: Euro crisis

  • De Masi/Varoufakis vs. European Central Bank

    De Masi and Varoufakis submit legal challenge to the ruling of the General Court of the European Union

    De Masi and Varoufakis submit legal challenge to the ruling of the General Court of the European Union

  • 60th anniversary of the Treaties of Rome: restart the EU

    A press release of Fabio De Masi

    Commenting on the celebrations of the heads of state and government on the 60th anniversary of the Treaties of Rome, German-Italian MEP Fabio De Masi (DIE LINKE.) declares:  “The EU needs to reinvent itself, or else it might shatter. A Europe of banks and corporations or of an unfettered single market has no future ...

  • Press review: Open the blackbox ECB

    The press reported about the campain of Fabio De Masi and Yanis Varoufakis to open the blackbox ECB

    The European Central Bank blackmailed Greece into a 3rd bailout and more defeating austerity by shutting Greek banks off from the euro. Fabio De Masi launched a campaign with the former Greek minister of finance Yanis Varoufakis and eminent US economists such as James Galbraith and Jeffrey Sachs to force Mr ...
  • Video

    ‘Open the ECB’s Black Box’ say Varoufakis and De Masi

    Yanis Varoufakis and Fabio De Masi in Interview with Brian Maguire from Euractiv

    Greece’s economy suffered a new blow, contracting by 1.2% at the end of 2016, according to revised figures released earlier this week. The figures, published by the Greek statistics agency, Elstat, show it was the worst quarter since the summer of 2015, when the European Central Bank closed the Greek banks ...

  • Yanis Varoufakis & Fabio De Masi: Open the ECB black box

    A press release of Fabio De Masi

    In June 2015, the European Central Bank (ECB) closed the Greek banks as part of the Troika campaign to force a 3rd ‘bailout’ on Greece, with new austerity measures and significant losses of national sovereignty. Was this legal and within the ECB’s charter and mandate? Or was there a conflict of interest ...

  • Time to open the ECB black box!

    Was it illegal that the ECB cut of the access to liquidity for the Greek banks when the Greek government initially resisted further austerity measures ?  Yanis Varoufakis (former Minister of Finance Greece, Diem25) and Fabio De Masi (Member of European Parliament, DIE LINKE.) try to shed light via  a mass freedom of information request to the ECB ...

  • Yanis Varoufakis/Fabio De Masi: Time to open the ECB black box

    A press release of Fabio De Masi

    Yanis Varoufakis (former Greek Minister of Finance and co-founder of DiEM25) & Fabio De Masi (Member of European Parliament, DIE LINKE –GUE/NGL), supported by citizens from across Europe, Members of national parliaments and European Parliament as well as prominent academics to launch mass freedom of information request to the European Central Bank (ECB) ...

  • Proposals to reform the EU ignore core issues

    A press release of Fabio De Masi

    A trio of reports which aimed at reforming the EU and the Eurozone economy have been given the thumbs down by GUE/NGL MEPs at Tuesday morning’s plenary session in Strasbourg.  Commenting on the Verhofstadt and Bresso, Brok proposals which examined the workings of the Lisbon Treaty, GUE/NGL group ...
  • Video

    What should be Europe’s post-Brexit plan?

    Debating Europe ask Fabio De Masi about the EU-Post-Brexit plan

    The internet magazin Debating Europe ask Fabio De Masi about the EU-Post-Brexit plan. Here is his answer:  You can find the whole debate here
  • Video

    France and Europe after Brexit - Reconstituting Europe: strategic issues

    Fabio De Masi discuss the strategic issues for the left after the brexit

    International Conference organised by EReNSEP Paris, 2-3 December 2016 ----------------- Speakers: Fabio De Masi (English), Éric Toussaint (French), Josep Maria Antentas (English), Miguel Urbán (Spanish) You can see Fabio De Masi from minute 3:11 and at the end of the discussion from minute  1:27 ...

  • Press review: Brexit has more impact for the Continent

    Politico reported about the U-turn by the head of the Bank of England, Mark Caney

    The head of the Bank of England makes a major U-turn on economic impact of the Brexit vote to the glee of Brexiteers. Politico reported about this U-turn and quote Fabio De Masi Politico.eu, 12.01.2017 "For someone who doesn’t lack self-confidence, it was an embarrassing mea culpa. Brexit is no longer the biggest risk to the U ...

  • Euro Bomb? European Investment Bank to be turned into armament bank

    The Finnish vice president of the European Commission, Jyrki Katainen, is not known for his generosity. The Commissioner for employment, growth, investment and competition is an ardent defender of the EU’s stability and growth pact, which demands rigorous household discipline from Member States. Only when it comes to military spending, does Katainen look the other way ...

  • Money market funds: systemic risk of shadow banks remains

    A press release of Fabio De Masi

    The Committee on Economic and Monetary Affairs (ECON) adopted today the result of the trilog negotiations on the regulation of money market funds (MMF). Fabio De Masi, member on the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and GUE/NGL shadow rapporteur, comments on the final text:   “Almost a decade has passed since the outbreak of the global financial crisis, yet nothing has happened in the EU to regulate shadow banking ...

  • Speech: Alternatives to the Europe of austerity

    Speech of Fabio De Masi at the Euro PlanB conference in Copenhagen

    This speech was made at the Euro PlanB conference "Alternatives to the Europe of austerity" 19-20. November 2016, Copenhagen, Denmark.  The conference was a pan-european conference for the European Left, progressive social movements and trade unions. On the agenda was a open debate on alternatives and strategies for the left-wing in relation to economic austerity policies, currently imposed in the EU ...

  • All is not well in the eurozone Mr. Draghi

    A press release of Fabio De Masi

    GUE/NGL MEPs gave the President of the European Central Bank a tough time in Strasbourg during a debate on the euro zone’s unbalanced and meagre growth. In addition, low inflation rates and a lack of investment in the real economy were also discussed at the plenary with Mario Draghi. Fabio De Masi, ...
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