Europe is facing political earthquakes. European Union, a project of big capital of Europe, is facing existential crisis. The existing framework of EU is being threatened by conflicting claims of different economies of Europe which are facing downturn and even frank recession. Economies of the some of the European countries have shrunk. Unemployment is on high level. World financial economic crisis which exploded in 2008 continues to shake the European countries though different European countries are being affected to different levels and in different ways.
Victory of Pedemos in recent local body elections in Spain, fifth largest economy of European Union, in major metropolitan centres has shaken the ruling establishment of that country. Pedemos supported candidates have won in Barcelona and capital Madrid. Powerful showing of Pedemos came five months after victory of Syriza in Greece. Syriza is embroiled in bitter struggle with German controlled European Central Bank (ECB) and US controlled IMF who are demanding further implementation of austerity measures. Greek people’s opposition to these measures had propelled Syriza to power but powers of Europe are refusing to recognize this mandate of Syriza. Towards the end of May 2015 local body elections were held in Italy where again anti-austerity parties gained in elections.… Read More