Europe faces the worst #CostOfLiving crisis with falling wages & record breaking inflation.
Yet not everybody is losing out: big multinationals operating in the food, tech, pharma & luxury sectors have been raking in billions of euros.
Find out more 👇https://left.eu/issues/explainers/cost-of-living-crisis-an-explainer/
🐦🔗: https://n.respublicae.eu/Left_EU/status/1602999434232692736
How is the @EU_Commission tackling the #CostOfLiving crisis?
“A micro tax on superprofits and unfulfilled promises of price freezes.
This choice has consequences: whatever you don't take from the rich and the multinationals, you take from the poorest"
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603004074189807616
@EU_Commission @ManonAubryFr @DFIeurope "I will never be able to reconcile myself to the coldness of the economic figures.
We should not say that real wages fell by 2.4% in the 1st half of the year in the EU
We should rather list the long list of children who do not have enough to eat" says @ManonAubryFr #EPlenary
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603004440008691713
@EU_Commission @ManonAubryFr @DFIeurope “There are solutions to the #CostofLiving crisis:
👉Targeted price controls
👉Remove certain public goods from the grip of the market
👉 Tax the rich
Instead, the @EU_Commission and its allies are planning austerity’s big comeback”
#EPlenary @ManonAubryFr
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603004701838303234
"The #CostofLiving crisis is the fault of multinationals & the financial sector,” says @sirarego.
“Companies have made the most out of this crisis to speculate and loot the pockets of families.
“But plunging people into recession is not inevitable."
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603010789358583809
Over the past year the @EU_Commission has been telling us to cut back, while the rich get richer.
What is your solution? Shift the economic burden to citizens!
We have the resources, let’s protect the most vulnerable.
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603013352606818307
@EU_Commission @Konecna_K @czKSCM "We’re seeing wages and pensions being frozen while offering tax breaks on capital gains.
We need to steer monetary policy correctly if we don’t want to turn to citizens and explain to them how we intentionally brought a new financial crisis to our continent."
#EPlenary
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603016478025981954
"Governments must act to end #CostofLiving crisis, says @meugeniarpalop
"Rent caps, support for mortgage holders, a raise in pensions, the Spanish solution to the gas cap - these measures are an example in Europe and should be followed by those who oppose a gas cap."
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603019481588047873
For over a year we have been asking to block energy prices, and this winter up to 125,000 people could die of cold.
People are freezing in their homes because the @EU_Commission cannot make a decision. People are up to their necks, but nothing has been done!
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603021704233734144
"While working people are expected to tighten their belts, the super rich and shareholders are expanding their power and influence,” says @oezlemademirel.
“In every crisis they make even more money out of their money.”
#EPlenary #CostofLiving
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603025314707394563
"Increased costs for goods and services, lower wages.
While big capital, banks, and the energy sectors hit profit records
The rising #CostofLiving is an emergency."
🐦🔗: https://n.respublicae.eu/Left_EU/status/1603023887620530178