

Debt and austerity in Northern countries


By the same author
Eric Toussaint
21 June 2011 by Eric Toussaint
Economists Demand Independent Audit / Great Britain: Mass Protests Against Social Cuts And Tax Dodgers
In order to assess the legitemacy of the Greek Debt economists, politicians, intellectuals and activists around the world are demanding an independent debt audit like the one in Ecuador. At the same time half a million people protested in March against the austerity measures of the British government. These measures represent the deepest cuts in Great Britain since World War II. The protests ignited when the government anounced to lay off 300.000 civil servants while at the same time reducing corporate taxes. Some companies like Vodafone pay only minimal or no taxes at all in Great Britain.