Daily Archives: October 3, 2011

Gideon Rachman America’s indignados

October 3, 2011 1:30 pm by Gideon Rachman

At the end of August, I wrote a column headlined – “2011, the year of global indignation“. I suggested that there was a global mood of anti-elite anger, linking outbreaks of popular protest in countries as different as Egypt, India, Chile, China, Israel, Greece and Spain. It is Spain and France that gave birth to the movement, known as the indignados (the indignant).  I also wrote, however, that there was “one striking exception to the this pattern – the US.” Perhaps I spoke too soon. The arrest of more than 700 anti Wall Street protesters in New York - and the possibility that similar protests could spread to other cities in the US - means that the wave of global unrest has now arrived on America’s shores. The whole thing has a whiff of 1968 about it. Read more

Posted in Financial crisis, US politics |

Eurozone crisis: Live coverage

October 3, 2011 9:54 am by FT

Welcome to our continuing coverage of the eurozone crisis. All times are London time. Curated by Esther Bintliff and John Aglionby on the world news desk in London, with contributions from FT correspondents around the world. This post should update automatically every few minutes, although it may take longer on mobile devices.

01.11: As we close the blog this evening, here are some highlights from the latest FT story written after the close of the meeting:

  • Jean-Claude Juncker, the Luxembourg prime minister who heads the group of eurozone finance ministers, said officials remained steadfast in preventing a Greek default and signalled a new €109bn bail-out for Greece.
  • A deal was reached to accommodate Finland’s demand that it get Greek collateral in exchange for participating in the new bail-out.
  • For the first time, eurozone finance ministers discussed increasing the firepower of the €440bn bail-out fund.

 Read more

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Posted in Europe, Financial crisis |