New feel-good website aims to cheer up crisis-hit Greeks

In Search of AusterityIn spite of the fact there has been little-to-no austerity to speak of in Europe, or anywhere else in the world for that matter, (rising government debt proves that claim), France moans about austerity, Spain moans about austerity, Italy moans about austerity, and economists like Krugman moan about austerity.There is certainly no austerity in Belgium either. Nonetheless, the BBC reports 100,000 Protest Austerity in Brussels.

Athens (AFP) - Alexis Tsipras was sworn in Monday as Greek prime minister at the helm of an anti-austerity coalition after an election win that has sent shockwaves through Europe.

Seven of the country’s major alternative funders today launch a web portal – alternativebusinessfunding.co.uk – designed to signpost SMEs to the most appropriate source of non-bank funding, providing a short-cut to finance options that business owners may not be fully aware of. In addition, each organisation will “recycle” their rejected applicants to the site to access other potential non-bank funding sources.

Yesterday the European Parliament announced a turnaround in its fiscal policy. Eurozone misters took a sudden reverse on their approach to the financial crises, reported Financial Times.   

ATHENS/MADRID — Trains and ferries were cancelled and hospital staff walked off the job in Greece on Wednesday and thousands were due to demonstrate across Spain as May Day triggered protests against harsh government spending cuts. Separately, Turkish riot police fired water cannon and tear gas to disperse crowds gathering in central Istanbul for a rally on what has become a traditional labour holiday.

Here's a dead on arrival proposal: IMF Proposes Trillion Dollar Lending Expansion Most European stocks rose, erasing earlier losses, as the International Monetary Fund was said to propose a $1 trillion expansion of its lending resources. Asian shares and U.S. index futures advanced.