Why the Greek Bailout Won’t Work in the Long Run
For the second time in a little over 3 years, Athens is burning. In December of 2008, police shot and killed a teenage student, igniting an explosive reaction by young people throughout the country and beyond. Back then, the riots…
Eurozone to Greece: Cut a Deal or No Bailout
After the historic, defend-the-euro deal cut among European Union members last month, the question now seems to be who, if anyone, will blink first—political leaders in Greece as they impose more austerity, international lenders, or the bondholders now negotiating what…
In Greek Streets, Austerity Leads to Violence
Maybe it had to come to this in Greece, given what the nation’s people are being asked to accept. On Wednesday, just days before a critical summit of European Union leaders intended to resolve the Eurozone crisis, two large unions…
Britain Reels from Brutal Austerity–GDP, Jobs Disappoint
This summer has seen Greeks rioting in the streets over austerity measures and now Italians having a bad case of agita as their economy teeters. But if Europe’s nerves are frayed, so are Britain’s. Although not part of the 12-nation…
The Greek Tragedy Is All about Politics Now
Greeks in the streets, as they have been in the tens of thousands almost daily, have brought Europe’s debt crisis to a new and highly volatile stage. Austerity plans are political now, and there’s no stepping back from this truth….
Why London Is Burning (Hint: It’s Not Just Thugs)
London is starting to look at lot like Athens did a few weeks ago—and so are Birmingham, Manchester, Liverpool, and other British cities with large populations of underprivileged urbanites, white and minority alike. And it is no coincidence. These are…
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