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| World economy
The bursting of the American housing bubbleA speculative bubble can relate to assets that are real (property, land, etc.) or financial (shares, etc.) ; it manifests itself by an increasingly rapid rise in the prices of these assets. They end up by reaching such levels as appear excessive, even making an optimistic evaluation of the future profits which can be expected. The bursting of the bubble manifests itself by an opposite process, by a continuous and often brutal fall in these prices. -> read article... |
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| Italy
A New Period for the Italian Left The end of the Rifondazione era
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As ex-Communists prepare to merge with ex-Christian Democrats, Rifondazione Comunista opts for a ’Left Party’ based on ’social compromise’ - and a new Critical Left begins its fight. -> read article... |
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| France
Preparing for the presidential elections - a minority report ,
Report of the minority in the LCR, given at the meeting of the FI’s International Committee, in February 2007. -> read article... |
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