The Czech Republic has so far fared well in containing the pandemic. However, the economic consequences of the lockdown and the rapidly worsening situation in the world economy are yet to come. This article deals with economic measures implemented to mitigate the economic consequences of the pandemic through the eyes of political economy.
Manon Aubry, together with Martin Schirdewan Co-President of the GUE/NGL group, was the guest in the sixth edition of transform! europe's webinar series Meeting the Left. She is former spokesperson for Oxfam, and since 2019 a Member of the European Parliament for France Insoumise.
On 5 May, the German Constitutional Court’s ruling questioned the legality of the European Central Bank (ECB)’s purchases of sovereign bonds, which play a key role in preventing an implosion of the Eurozone. Where is this judgement coming from and what are its political, legal and macroeconomic potential consequences?
DEMOS Institute of Critical Thought, supported by transform! europe, has launched the first issue of its magazine Lūžis (Fracture). Lūžis is one of the rare left-wing magazines in Lithuania edited by progressive academics, political activists and trade unionists from Vilnius and Kaunas.
Otegi: "Today's minimum revolutionary programme is the redistribution of wealth, the self-determination of peoples, a feminist agenda, a joint action against climate change, decisive resistance against authoritarianism, a pro-peace attitude and the launch of a civic and anti-oligarchic political-economic project”.
Catarina Martins, National Coordinator of the Portuguese party Bloco de Esquerda (Left Bloc) proposes the 'creation of a Recovery Fund of 1.5 billion euros, directly funded by the ECB and makes the case for the building alliances between peripheral economies, such as the Portuguese one, for example around the demand for public debt restructuring.'
The Ruling of the Second Senate
(7 yes votes, 1 no)
The securities purchase programme of the European Central Bank to support the European Monetary System with an emphasis on the purchase of government bonds (Stand 2,1 Bio. Euro), known as the Public Sector Purchase Programme (PSPP), is...
In times of the coronavirus – just as in the 2008 financial crisis – the national state is again a central actor in Europe. Financial policy remains tied to the economic pecking order, with Germany at the very top. ‘Eurobonds’ are the key area of contention.
The pandemic crisis hit Slovakia in its most vulnerable period – just after the parliamentary elections in which the opposition defeated the coalition. Despite the fact that Bratislava had to manage a transition to a new government, Slovakia is one of the least affected countries. But for how long?
The Corona-virus has hit the EU unprepared, but in different ways and with different effects depending on the countries. Most tragic were the effects on those countries whose healthcare and social systems have been emaciated by decades of austerity policies. Thus, the pandemic has increased...