The untold story of the Greece coup: Another democratically elected leader tossed overboard for not submitting to economic orthodoxy
The Greek people said no to austerity, knowing the path would be hard. They learned bittersweet, painful lessons. A scant week ago it looked as if Greeks were about to teach all of us something of great value. With their…
Europe’s Deal with Greece Nearly Splits the Eurozone
Leaders of the eurozone nations put Greeks and other Europeans on urgent notice at a hastily called summit in Brussels late Sunday evening: The group worked through the night and agreed to a new $100 billion bailout with serious reforms…
Radical austerity’s brutal lies: How Krugman and Chomsky saw through dehumanizing neoliberal spin
The battle in Greece is identical to the one we need to be waging right here for fairness over markets and banks. The referendum in Greece refuting the European Union’s unbending insistence on radical austerity as the medicine Greeks must…
Greece’s Surprise “No” Vote a Big Defeat for Europe
Two points to grasp about the Greek electorate’s rejection of Europe’s bailout terms in Sunday’s referendum: • Greeks scored a victory for themselves and all Europeans who think the democratic process must stand as the European Union’s paramount principle. •…
To the Brink: Why It’s Time for Greece to Call the Euro Quits
The wind whistling past Alexis Tsipras’s ears must be a deafening howl. The crisis facing the Greek prime minister now mutates by the hour—deteriorating markedly over the past several days. As of Sunday evening Greek time: After emergency meetings with…
Why the E.U. Will Cut a Deal With Greece This Week
You have to be a horseplayer now that the Greek crisis is about to pop: Like any savvy handicapper you hold your main bet in your hand but keep a saver in your pocket. When a European Union summit gathers…
Markets Fear the End Game for Greece as IMF Gives Ukraine a Free Pass
Until a few days ago, the Greek and Ukrainian debt crises looked like twins: Two sovereigns with immense debts, creditors at their throats, looming deadlines, and deep fiscal and economic problems. One of the biggest guns among the creditors is…
Greece, Britain, and the EU: A Tale of Two Exits?
A step at a time over the past seven years, the true victim of financial, economic, social, and now political crisis has emerged. No, it’s not the Greeks, or the Spanish or Portuguese, not the Irish or the Italians: It’s…
Big banks run everything: Austerity, the IMF and the real story about world economy that the media won’t tell you
If you want to understand what’s really happening in Greece and Ukraine, just follow the money. Fascinating to watch the International Monetary Fund as it fronts for the U.S. Treasury and international lenders in the Greek and Ukrainian debt crises….
Why Greece Should Consider a Eurozone ‘Grexit’
Slower than a roller coaster but faster than a glacier, Europe advances toward a denouement on the Greek questions—and there are several at this point. Fearful of the answers, Europeans are doing what they seem to do best, which is…
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