POLAND: EUROPE'S NEW ENFANT TERRIBLE?

Poland's new government is copying some of Viktor Orbán's worst policies. Hungary got away with defiance, but Poland may not.

Poland’s Law and Justice (PiS) party has never hidden its admiration for the Fidesz government in neighbouring Hungary. "I am convinced that one day we will have Budapest in Warsaw," said Jarosław Kaczyński, the party’s leader in 2011, when PiS lost the parliamentary elections.

Greece is the latest battleground in the financial elite’s war on democracy

Greece may be financially bankrupt, but the troika is politically bankrupt. Those who persecute this nation wield illegitimate, undemocratic powers, powers of the kind now afflicting us all. Consider the International Monetary Fund. The distribution of power here was perfectly stitched up: IMF decisions require an 85% majority, and the US holds 17% of the votes.

 Starving people clamour at the gates of a workhouse during the Irish famine,'One eighth of the population was killed – one could almost say murdered – by the British refusal [to set] policies that offended the holy doctrine of laissez-faire economics.' Photograph: Hulton

The IMF is controlled by the rich, and governs the poor on their behalf. It’s now doing to Greece what it has done to one poor nation after another, from Argentina to Zambia. Its structural adjustment programmes have forced scores of elected governments to dismantle public spending, destroying health, education and all the means by which the wretched of the earth might improve their lives.

Berlin Warns Italians against Berlusconi

REUTERS

Berlin is afraid that Berlusconi might return to the helm in Rome.

Top politicians tend to remain silent on elections being held abroad. But German Foreign Minister Guido Westerwelle this week has issued a barely concealed warning to Italians against voting for Silvio Berlusconi. And he isn't the only one in Berlin who is nervous about a possible return of "Il Cavaliere."

For the first time in the history of the EU Citizens’ Initiative against the deregulation of water utilities was approved

For the first time in EU history, an European Citizen's Initiative (ECI) has been registered by the European Commission after one million people from seven EU countries signed a petition.

"For the first time in the history of the EU" a European Citizen's Initiative (ECI) has been registered by the European Commission, says Spanish business daily Cinco Días. A petition of one million signatures from people in at least seven EU countries, was deposited on February 11 by Right2Water a non-governmental organisation.

Fareed's Take: Is democracy part of Europe's economic problems?

Everyone is looking at Europe these days as economic and political protests mount across the continent.

The downward spiral has produced a great debate about the virtues of "austerity," the idea that governments with large budget deficits must reduce these deficits -– mainly by cutting spending. If they don't get their budgets in order, so the idea goes, they won't be able to borrow money and will face a fiscal nightmare of ever-rising interest rates.

The problem is that as these governments cut spending in very depressed economies, it has caused growth to slow even further -– you see government workers who have been fired tend to buy fewer goods and services, for example -– and all this means falling tax receipts and thus even bigger deficits.