World News
Dania Suarez, the prostitute at the center of the Secret Service scandal spoke to NBC’s Today Show. Suarez calls the agents “stupid brutes” who put partying ahead of President Obama’s security.
Golden Dawn, the neo-Nazi party that just won 7% in Greece’s parliamentary elections, are already showing their extremism. In the video below, a Golden Dawn stooge berates a journalist for not standing as the Golden Dawn’s leader enters a press conference. When the journalist protests, explaining that she is not a member but a reporter, the goon gets even more irate.
President Obama has placed a phone call of congratulation to new French president-elect Francois Hollande. The White House sent out the following release:
Statement by the Press Secretary on the President’s Call to President-elect Hollande of France
President Obama called President-elect Francois Hollande of France to congratulate him after the results of the French election were announced today.
President Obama indicated that he looks forward to working closely with Mr. Hollande and his government on a range of shared economic and security challenges. President Obama noted that he will welcome President-elect Hollande to Camp David for the G-8 Summit and to Chicago for the NATO Summit later this month, and proposed that they meet beforehand at the White House.
President Obama and President-elect Hollande each reaffirmed the important and enduring alliance between the people of the United States and France.
Voters in France and Greece have rejected austerity measures as citizens around the world begin to turn to growth.
The biggest slap in the face of the austerity philosophy occured in France, where Socialist candidate Francois Hollande defeated incumbent French president Nicolas Sarkozy. Sarkozy was the face of the austerity movement in France, working with Germany’s Angela Merkel to push programs favored by many of the big banks that caused the international crisis.
In comments after his victory, Hollande said “Austerity can no longer be inevitable!”
Austerity was also rebuked in Greece where fringe parties on both the left and right made gains against the mainstream left and right parties who had agreed to austerity programs in exchange for a bailout. The anti-austerity vote means trouble for the fragile coalition that has led the country.
Many blame austerity measures for the recent double-dip of the United Kingdom economy, as well as the downgrade of the Spanish economy.
In contrast to Europe, the American stimulus program passed by President Obama and congressional Democrats leaned more towards growth than austerity — resulting in growth in America’s GDP. Many believe austerity measures — cutting government jobs, is slowing down American recovery.
Republican presidential candidate Mitt Romney has promoted austerity measures similar to those that have failed to rescue economies in the Euro zone.
Austerity policies are strangling the European jobs market, according to a blockbuster report.
The International Labour Organization’s “World Of Work Report 2012″ finds that 50 million jobs are missing in Europe since the global economic crisis began. They cite the fact that many European governments “shifted their priority to a combination of fiscal austerity and tough labour market reforms.”
The report says these measures are having “devastating” consequences on labor markets and job creation.
Raymond Torres, Director of the ILO Institute for International Labour Studies and lead author of the report said that, “The narrow focus of many Eurozone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe.”
Fiscal austerity programs have recently contributed to double-dip recessions in the United Kingdom and Spain, while other countries like Greece have begun pushing back on bank-imposed austerity programs.
In the United States a recovery package weighted more in favor of growth economics in the form of the economic stimulus has helped America’s economy to grow while Europe stagnates. But observers have found that the austerity elements in the stimulus package passed by President Obama and congressional Democrats have restrained a more robust recovery.
Republican presidential candidate Mitt Romney has advocated policies that resemble the austerity programs passed in Europe, despite the negative impact those policies have had.
Mihai Razvan, Prime Minister Of Romania
Romania’s ruling party suffered a massive defeat with the passage of a no-confidence vote, rejecting an austerity program that would cut government spending.
235 members of Romania’s government voted against pro-austerity Prime Minister Mihai Razvan Ungureanu. Romania’s president will now have to appoint a new prime minister.
Austerity programs have failed to assist the UK’s economy as their economy has just recently fallen back into recession. Austerity has also been faulted in Spain, who recently had their credit rating downgraded.
Republican presidential candidate Mitt Romney has advocated for austerity-style programs in the United States.
President Barack Obama has rejected the most severe austerity initiatives, choosing instead to pass the stimulus program that has helped return America to positive GDP growth. Some economists say that if Obama had not cut back on government spending, the ongoing U.S. recovery would be wider and stronger.
Greece is suffering a suicide epidemic, brought on by the global economic crisis and the fiscal austerity forced on the nation.
Before the global economic downturn, Greece had one of the lowest rates of suicide in Europe. Now a 40 percent jump in suicides in the first half of 2010 is alarming residents.
Recently a 77 year old pharmacist left a note indicating “I see no other solution than this dignified end of my life so I don’t find myself fishing through garbage cans for sustenance.”
Current Greek prime minister Lucas Papademos was brought in largely to manage the austerity measures being forced on the country as a condition of a bailout by the European Union.
Unions and other civic groups have staged numerous mass protests in opposition to the forced austerity measures.
Austerity based economic policies have resulted in a doule-dip recession in the United Kingdom and a recent credit downgrade in Spain. Mitt Romney and the Republican Party have promoted fiscal austerity policies in the United States.
National Confidential is breaking news, as it happens. Click here to contact us.
© National Confidential 2012 | Contact Us
