Prog Blog’s Flickr Photostream

Parchment in the Fire: Introducing Popular Unity | Jacobin

Introducing Popular Unity | Jacobin.

Filed under: Greece Tagged: Eurozone Crisis, Greece, Greek Left, Syriza

Parchment in the Fire: Brutish, nasty – and not even short: the ominous future of the eurozone | Wolfgang Streeck | Comment is free | The Guardian

Brutish, nasty – and not even short: the ominous future of the eurozone | Wolfgang Streeck | Comment is free | The Guardian.

Filed under: Eurozone crisis Tagged: Eurozone Crisis

Parchment in the Fire: Yanis Varoufakis: bailout deal allows Greek oligarchs to maintain grip | Business | The Guardian

Yanis Varoufakis: bailout deal allows Greek oligarchs to maintain grip | Business | The Guardian.

Filed under: Eurozone crisis Tagged: Austerity, Eurozone Crisis, Greece

Parchment in the Fire: Swapping one mirage for another: the Left’s turn away from social Europe

Swapping one mirage for another: the Left’s turn away from social Europe.

Filed under: Europe, Eurozone crisis Tagged: Austerity, Eurozone Crisis

Parchment in the Fire: Podemos, Greece and the hot Spanish autumn

Podemos, Greece and the hot Spanish autumn.

Filed under: Eurozone crisis Tagged: Eurozone Crisis, Greece, Podemos, Spain, Syriza

Parchment in the Fire: Will the Greek Left Unite to Oppose Austerity?

Filed under: Eurozone crisis Tagged: Antarsya, Eurozone Crisis, Greece

Parchment in the Fire: How the Greek Shipping Industry Schemed to Win Big in the Debt Crisis (1/2)

Filed under: Eurozone crisis, Greece Tagged: Banking, Eurozone Crisis, Greece

Parchment in the Fire: Why Greece’s ritual humiliation won’t kill off Europe’s revolutionary Left – Telegraph

Why Greece’s ritual humiliation won’t kill off Europe’s revolutionary Left – Telegraph.

Filed under: Eurozone crisis Tagged: Austerity, European left, Eurozone Crisis, Greece, Syriza

Parchment in the Fire: SYRIZA’s Thessaloniki Programme vs. Euro-Troika Austerity

Filed under: Eurozone crisis Tagged: Eurozone Crisis, Greece, Syriza

Parchment in the Fire: SYRIZA’s Stability Rocked by New Memorandum

Filed under: Eurozone crisis, Greece, Syriza Tagged: Eurozone Crisis

Parchment in the Fire: Euros discarded as impoverished Greeks resort to bartering | World news | The Guardian

Euros discarded as impoverished Greeks resort to bartering | World news | The Guardian.

Filed under: Eurozone crisis, Greece Tagged: Austerity, Eurozon Crisis, Greece

Parchment in the Fire: Germany, not Greece, should say goodbye to the euro | Comment | ekathimerini.com

Germany, not Greece, should say goodbye to the euro | Comment | ekathimerini.com.

Filed under: Eurozone crisis Tagged: Euro, European Union, Eurozone Crisis, Germany

Parchment in the Fire: Capitalism and Democracy in Greece

There has been no paucity of allusions to Greek tragedy when discussing the current negotiations between Greece and its European creditors: Syriza caught between Scylla of austerity and the Charibdas of ‘Grexit’; Greece’s Sisyphean task of paying down its debt through contractionary austerity policies; the Pyrrhic victory of the no campaign in the austerity referendum; the marathon negotiations to secure the third bail-out, etc.

Yet, another often overlooked tragedy lies in Greece’s relationship between democracy and European integration. After decades of dictatorship, civil war and foreign occupation, mainstream political parties in Greece increasingly cast their lot with the European project (Read more…)

CuriosityCat: A Modest Proposal for Reducing Greek Debt

No ‘classic’ debt forgiveness for the lady

The fault line between German insistence on Greece obeying the rules, which means if you borrow money you pay it all back, and the inability of Greece to pay back all its loans, as outlined by the leaked IMF report, continues.

The Greek parliament reluctantly blessed the deal forced upon the country by the EU and the Troika and now the work starts to flesh it out.

Of paramount interest to Chancellor Merkel is the need to impress on all EU members that they have to stand on their feet if they borrow (Read more…) . . . → Read More: CuriosityCat: A Modest Proposal for Reducing Greek Debt

Parchment in the Fire: Cracks in the Deal? | Jacobin

Cracks in the Deal? | Jacobin.

Filed under: Austerity, Eurozone crisis Tagged: Austerity, Eurozone Crisis, Greece, Syriza

CuriosityCat: IMF rides to Greece defence with shocking dose of reality

Legarde leads the cavalry to the rescue

Despite attempts by the top EU states to suppress its latest report, the IMF, led by managing director Christine Lagarde, has spoken truth to the powerfulwith a dramatic report that clearly indicates three things. First, Greece cannot repay the crushing national debt it now has. This means the supranational lenders will have to take a huge haircut within a short time, by forgiving a large part of that debt. Second, if a haircut is not on, as Chancellor Merkel has said (no haircut in the classic sense, were her words last week), (Read more…) . . . → Read More: CuriosityCat: IMF rides to Greece defence with shocking dose of reality

Parchment in the Fire: IMF Demands Debt Relief for Greece

In a rather surprising turn of events today, the IMF has released a statement demanding debt relief for Greece. This vindicates Varoufakis’ position that Greek debt was unsustainable, positions the IMF against Germany and its allies, and finally brings the IMF into line with its own research – research that has been leaking out over the past couple of weeks. I haven’t had a chance to go over the details, but the New York Times has published the full text, copied below.

GREECE: AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS

Greece’s public debt has become highly unsustainable. (Read more…)

Parchment in the Fire: A Soft Coup in Greece

Filed under: Eurozone crisis Tagged: Austerity, debt, Eurozone Crisis, Greece, Syriza

CuriosityCat: Success – Greece to stay in the Eurozone and the EU

Hands are being wrung; Chancellor Merkel is being cast as a vicious, heartless, and vengeful person; some speak of the French president being brushed aside; and Greeks are dismayed.

During a tense, drama-filled weekend, a deal was hammered out and presented to the debtor nation, which now has to pass legislation this week in order to earn the bailout:

The demands, quickly leaked, piled up: a complete overhaul of Greece’s tax and pension system, the ceding of $70 billion of Greek assets to eurozone authorities for privatization, and an agreement to allow Greece to become a ward in all (Read more…)

Parchment in the Fire: #ThisIsACoup

Filed under: Eurozone crisis Tagged: Austerity, Eurozone Crisis, Greece, Syriza

Parchment in the Fire: After Greece and Spain, the rise of anti-austerity in Ireland

After Greece and Spain, the rise of anti-austerity in Ireland.

Filed under: Austerity Tagged: Austerity, Eurozone Crisis, Ireland

Parchment in the Fire: The Alternative to Austerity | Jacobin

The Alternative to Austerity | Jacobin.

Filed under: Austerity, Eurozone crisis Tagged: Austerity, Eurozone Crisis, Greece, Syriza

Parchment in the Fire: How Greece went from victory to economy-destroying defeat – The Washington Post

How Greece went from victory to economy-destroying defeat – The Washington Post.

Filed under: Eurozone crisis, Greece Tagged: Eurozone Crisis, Greece, Syriza

Parchment in the Fire: The big achievement of Tsipras’s proposal is to sow division – FT.com

The big achievement of Tsipras’s proposal is to sow division – FT.com.

Filed under: Eurozone crisis Tagged: Eurozone Crisis

Parchment in the Fire: Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian

Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian.

Filed under: Eurozone crisis Tagged: Austerity, Euro, Eurozone Crisis, Germany, Greece