Economic crisis news


Boss and worker, cartoon

At the start of this year, a number of local town and district councillors in Germany began revealing the catastrophic state of their communities’ finances: here.

Iceland’s Social Democrat-Left Green coalition has confirmed that a referendum on whether to honour the agreement to repay Britain and the Netherlands a total of €3.9 billion by 2024 will be held on March 6: here.

USA: Nearly 100 tenants at the Casamira Apartments in Detroit have been without electricity since Thursday, after their landlord refused to repair the electrical system after a power failure: here.

The California Public Employees’ Retirement System revealed last Thursday that $125 million was paid out to intermediary investors known as placement agents, several of whom turned out to be former board members: here.

Stiglitz calls out US ‘capitalism’: here.

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