europeus

The results of Sweden’s general election, though revolutionary wasn’t much of surprise. In the days leading to election, it was increasingly getting clear that incumbent Social Democrats party will be ousted from government. The party, led by Prime Minister Goran Persson has been in power continuously for past 12 years. It was overthrown yesterday, by the centre-right alliance under the leadership of Fredrik Reinfeldt, who is set to become the new prime minister.

(By GEORGE IRVIN / Source: EU Observer) President Bush's ‘Yo Tony'off-the-record humiliation of Blair elicited much mirth in the UK press where the incident was widely interpreted as emblematic of the British prime minister's subservience to Washington's neo-conservative agenda. How far that agenda encompasses the distribution of income is illustrated in a recent book by Jared Bernstein, a Washington based economist, who documents the growing inequalities of wealth and income in the US. Bernstein has coined the phrase ‘Yo-Yo economy' to describe conservative America's attitude towards its growing army of poor people: Today, ‘Yo-Yo' means ‘you're on your own'.