Eurozone
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GREECE’D: We Voted ‘No’ to Slavery, but ‘Yes’ to Our Chains By Yves Smith
As this article describes, the cheerleaders over the Greek referendum last weekend has badly misread the game in play. Tsipras is now working on a coalition basis with all parties save Golden Dawn, which means firmly pro-Eurozone parties such as To Potami and New Democracy. And as he and other party leaders promised in the… Continue reading
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The Real Causes of the Catastrophic Crisis in Greece and the “Left” By Takis Fotopoulos
The almost complete destruction of the lower classes in Greece is not due to the causes usually attributed to it by the “Left”.[1] In fact, contrary to the misleading “explanations” provided by this Left and the Right alike, the actual cause is the full integration of the Greek economy into neoliberal globalization, through its accession… Continue reading
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The European Union and Greece: the Murder of a Nation By Anna FILIMONOVA
At the end of July, eurozone deputy finance ministers approved another transfer of money to Greece to the tune of EUR 6.8 billion (it had previously been thought that Athens would be allocated EUR 8.1 billion). Several days earlier, meanwhile, the Greek parliament approved the latest in a series of legislative acts, the adoption of… Continue reading
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Video: Portugal’s Architect of Austerity Resigns After Nationwide Protests
President Silva’s austerity policies made Portugal a darling of the troika, but highly unpopular at home (inc. transcript) Continue reading
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Video: Portugal's Architect of Austerity Resigns After Nationwide Protests
President Silva’s austerity policies made Portugal a darling of the troika, but highly unpopular at home (inc. transcript) Continue reading
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It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors By Ellen Brown
Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the… Continue reading
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‘Pentagon’s hand behind French intervention in Mali’ By William Engdahl
As French soldiers pour into Mali in the fight to push back the advancing Islamist militants, questions have been raised as to the motives behind the intervention. Author William Engdahl told RT the US was using France as a scapegoat to save face. Continue reading
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Video: Eurozone Austerity Policies Will Spark New Crisis in 2013
Costas Lapavitsas: There is an impression that the crisis has been handled by ECB but economies are deteriorating quickly Continue reading
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HOUSMANS RADICAL BOOKS NEWSLETTER MARCH 2012
24 February 2012 — NEWS 1. Housmans Virtual Book Club2. Competition to win a pair of tickets to Camus’ ‘Caligula’ IN-STORE EVENTS3. Women’s History Month presents: ‘Women’s history: half the future half the past’ with Jessica Metheringham-Owlett4. Coalition of Resistance presents: ‘Eurozone in crisis: what is to be done?’5. Bent Bars presents: ‘Gender and the prison Continue reading
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A road made by walking: Oscar Reyes reports from Spain on an ‘indignant’ movement that continues to spread and diversify
The day of action is one landmark in what many predictions suggest could be a ‘hot’ autumn. With the Eurozone crisis deepening, the ratings agencies on the offensive and Spanish public debt costing ever more to service (thanks to bond market speculation, amid moves to protect northern European banks at the expense of countries on… Continue reading
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Greece: The beginning of the end, or a new beginning? By Timothy Bancroft-Hinchey
It is by now patently obvious that there are two languages being spoken in Athens: that among the political class desperate to keep the Euro-wagon on the road and that of the Greek people, who at this moment represent the hearts and minds of the Europeans, which spells out the message that we do not… Continue reading
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Greeks outraged by government’s sellout for quick cash — RT
Greece is now set to receive 12 billion euro in additional rescue cash from the EU, after parliament passed a vote on how to implement tough new austerity measures. However, the move sent thousands of angry protestors on to the streets of Athens. Continue reading
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Greece standing up to EU neo-colonialism
Greek protests against the new austerity measures can be viewed as a way of standing up to EU neo-colonialism, both economically and politically, believes Professor Costas Douzinas from the University of London. Continue reading
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The Pain in Spain By Conn Hallinan
When the current economic crisis hit Europe in 2008, small countries on the periphery were its first victims: Iceland, Ireland, and Latvia. Within a year it had spread to Greece and Portugal, though the GDP of both nations—respectively 11th and 12th in the European Union (EU)—are hardly central to the continent’s economic engine. But now… Continue reading
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Video: Mass rally in Lisbon over bailout and austerity cuts
EuroNews: A lack of jobs and the bite of austerity measures prompted thousands of people to take to the streets of Lisbon on Thursday Continue reading
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Why Iceland Voted ‘No” to the Diktats of the Creditor Banks
About 75% of Iceland’s voters turned out on Saturday to reject the Social Democratic-Green government’s proposal to pay $5.2 billion to the British and Dutch bank insurance agencies for the Landsbanki-Icesave collapse. Every one of Iceland’s six electoral districts voted in the ‘No’ column – by a national margin of 60% (down from 93% in… Continue reading
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The Economic Crisis in Iceland: “IMF Medicine” is not the Solution By Prof. Michael Hudson
The dream was the neoliberal promise that running to debt was the way to get rich. Nobody at the time anticipated that taking private (and indeed, fraudulent) bank losses onto the public balance sheet would become the theme dividing Europe over the coming year, dividing European politics and even threaten to break up the Eurozone. Continue reading
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Joseph Halevi, "Beijing's Europe"
The widening of the conflict over exchange rates means that major capitalist countries are now trying to ‘solve’ the crisis by grabbing slices of each other’s markets through exports. For the US, though, the official issue is how to reduce the dependence upon the external deficit given that the crisis has highlighted the damage done… Continue reading
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“The People of Greece Are Fighting for the Whole of Europe”: Tariq Ali and Mark Weisbrot Discuss Greece’s Economic Crisis and Popular Uprising
The European Union and the International Monetary Fund have approved a nearly $1 trillion package to stop Greece’s debt crisis from spilling beyond its borders into the rest of the eurozone. Stocks surged in Europe, Asia and the United States Monday after EU leaders agreed to a $960 billion package to contain Greece’s financial troubles.… Continue reading
The New Dark Age 