Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

Economic blackouts of the coronavirus

  • The global coronavirus health crisis has led to very significant indirect economic and financial consequences that will intensify insofar as effective measures are not found to increase uncertainty and eliminate this virus. Production, consumption, tourism, reducing leisure time, strong stock market declines, slowing down -- these are some of the consequences.

12 March 2020 - 10:46
Zarata mediatikoz beteriko garai nahasiotan, merkatu logiketatik urrun eta irakurleengandik gertu dagoen kazetaritza beharrezkoa dela uste baduzu, ARGIA bultzatzera animatu nahi zaitugu. Geroz eta gehiago gara, jarrai dezagun txikitik eragiten.

In this context, we are already seeing the movements in companies, at political and international level, to blackmail and prevent governments from taking any social or labour measures that benefit workers and harm their interests. We are seeing this with the attitude of pp in the Spanish State, and also with that of the International Monetary Fund (IMF). Steps are also being taken to ensure that Governments are responsible for the economic and business consequences of this crisis. In the Spanish state, the banks were rescued with EUR 60 billion in the economic crisis we have just experienced, but they have never returned that public money.

Now the Capital is again trying to condition the policies of the Government of Spain. They want to take advantage of this situation in order, among other things, not to repeal the labour reform; to activate the pension reform; to avoid new taxes planned, such as that of the Tobin tax or that of major technological operators, or not to increase corporation tax.

Social movements, trade unions and parties should be very vigilant because the Capital, as always, has launched the blackmail machine. They want to do the same thing with the public banking rescue with the coronavirus crisis: another public rescue. The socialisation of losses and the privatisation of its multi-million dollar profits is once again translated into a new socialisation. The most crude capitalism.


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