George Kyris Those who support Brexit often see Greece as an example of the problems within the EU. Nigel Farage has encouraged Greeks to leave the union in order to “take back control and democracy”, in a European project that “is dying”. It is true that Greeks have become very Eurosceptic as a result of… More Greece has its problems with the EU, but we would never leave . . . → Read More: Parchment in the Fire: Greece has its problems with the EU, but we would never leave
Filed under: Eurozone crisis, Southern Europe, Uncategorized Tagged: Austerity, Eurozone Crisis, Greece, IMF . . . → Read More: Parchment in the Fire: Greek Leaks Expose IMF Chief Overruling Pro-Debt Relief IMF Negotiator
Filed under: Eurozone crisis, Uncategorized Tagged: Eurozone Crisis, Greece, Troika . . . → Read More: Parchment in the Fire: IMF-Eurozone Deal Hailed as a Breakthrough, But No Relief for Greeks
PHOTOS: Alberta Premier Rachel Notley, surrounded by Calgary New Democrat MLAs in this screen shot of yesterday morning’s news conference in Calgary, announces her new government’s new royalty policy, which is pretty much the same as the old govern… . . . → Read More: Alberta Politics: Second verse, same as the first! Notley Government decrees no change to Alberta’s royalty regime
by Costas Lapavitsas Today marks a year since a radical left government was elected in Greece; its dynamic young prime minster, Alexis Tsipras, promising a decisive blow against austerity. Yanis Varoufakis, his unconventional finance minister, arrived in London soon after and caused a media sensation. Here was a government that disregarded stuffy bourgeois conventions and… More One Year on, Syriza has sold its soul for power . . . → Read More: Parchment in the Fire: One Year on, Syriza has sold its soul for power
From EuroActiv Athens had secured a funding deal with China during the crucial negotiations with its creditors last summer. But a phone call from Berlin to Beijing killed it, Yanis Varoufakis disclosed on Tuesday (19 January). EurActiv Greece reports. In an interview with Skai TV, Varoufakis admitted that there was a “Plan X” in the event of… More Varoufakis: China was ready to support Greece, but Berlin killed the deal . . . → Read More: Parchment in the Fire: Varoufakis: China was ready to support Greece, but Berlin killed the deal
As 2015 comes to a close, here’s a podcast and a post that’s something in between a best of and a year in review. It’s a look back at some of my interviews from 2015, both in terms of significant subjects and personal favourites. First up, it is interesting to follow my sequence of interviews […] . . . → Read More: Michal Rozworski: 2015: Year in review
Data from Southern Europe indicates a trend of wealth distribution to the top 20% of income earners since the onset of austerity. At the outset of the Global Financial Crisis in 2007, the income share of the bottom 20% of income earners in Greece and Portugal increased, whereas the income share of the top 20%… More Income, Class and Austerity in Southern Europe . . . → Read More: Parchment in the Fire: Income, Class and Austerity in Southern Europe
A few charts from the Eurofound website provides an insightful glimpse into the conditions of workers in Greece in the context of austerity. The first chart, taken from Eurofound, demonstrates the trajectory of labour costs and labour productivity in Greece up to and during the crisis. The data indicates a significant divergence of labour costs and labour productivity under austerity. Effectively, austerity is pushing down labour costs, resulting in increases in Greek labour productivity.
Increased labour productivity, however, can largely be explained as a result of declining compensation per worker, as opposed to being the result of innovations stemming from (Read more…)
By the summer of 2010, the financial crisis initiated by overleveraged financial institutions had been transformed into a sovereign debt crisis. This was a deliberate tactic of ‘crisis management’ by neo-liberally minded European elites to protect their financial sectors. State intervention to the tune of billions of pounds and Euros recapitalized the banking sectors of Europe at the expense of the public finances propping up the European Social Model (ESM). Despite evidence to the contrary, the financial crisis was now being framed as the result of profligate governments. However, the governments of Ireland and Spain – two of the countries (Read more…)
Dutch economist Maarten Verwey has unprecedented powers as his taskforce oversees the implementation of Greece’s cash-for-reforms rescue package
Source: Eurozone’s enforcer ready to keep Greece’s new leader in line | World news | The Guardian
Filed under: Austerity, Eurozone crisis Tagged: Austerity, Eurozone Crisis, Greece
It seems like so few people understand the context of empire and how it affects American foreign policy. Let’s take a quick peek at Greece and how we treat fellow democracies when it comes to maintaining ‘interests of state’.
“In the case of Spain there is some plausibility to the argument that the United States had to deal with the leader that it found there, even if he happened to be a fascist. But the story was different in Greece. We helped bring the militarists to power there, and the legacy of our complicity still poisons (Read more…)
So divided has SYRIZA’s youth wing become over the direction of Greece’s leftist party, that when its council planned to convene at the end of August, the meeting was abandoned. Too many of its 71 members were on the point of quitting.
Source: Ahead of Greek election, SYRIZA’s ‘lost generation’ deserts Tsipras | Comment | ekathimerini.com
Filed under: Greece Tagged: Austerity, Eurozone Crisis, Greece, Syriza
PHOTOS: Former premier Ralph Klein, now elevated to sainthood by the neoliberal cargo cult, celebrating the retirement of Alberta’s debt in 2004, never mind the mess the infrastructure was in. Below: Alberta Finance Minister Joe Ceci, Canadian economist Jim Stanford and Wildrose Finance Critic Derek Fildebrandt, with, bottom, his old debt-trailer. Anyone remember Ralph Klein’s […]
The post Give a thought to Alberta’s approaching budget day: there’s little to gain and plenty to lose from ‘debt free’ government appeared first on Alberta Politics.
Introducing Popular Unity | Jacobin.
Filed under: Greece Tagged: Eurozone Crisis, Greece, Greek Left, Syriza
Yanis Varoufakis: bailout deal allows Greek oligarchs to maintain grip | Business | The Guardian.
Filed under: Eurozone crisis Tagged: Austerity, Eurozone Crisis, Greece
Podemos, Greece and the hot Spanish autumn.
Filed under: Eurozone crisis Tagged: Eurozone Crisis, Greece, Podemos, Spain, Syriza
Assorted content to end your week.
- Christos Tsiolkas talks to Yanis Varoufakis about the Troika’s appalling contempt for Greek democracy. And Barbara Ehrenreich laments the fact that only well-off people are given any meaningful opportunity to speak about poverty and deprivation – though that should highlight the need for workers to organize to ensure their voices are heard: There are many thousands of people like these – gifted journalists who want to address serious social issues but cannot afford to do so in a media environment that thrives by refusing to pay, or anywhere near adequately pay, its “content (Read more…)
This and that for your Tuesday reading.
- Joseph Stiglitz discusses how Greece has been turned into a sacrificial lamb at the altar of austerian economics: Austerity is largely to blame for Greece’s current depression — a decline of gross domestic product of 25 percent since 2008, an unemployment rate of 25 percent and a youth unemployment rate twice that. But this new program ratchets the pressure up still further: a target of 3.5 percent primary budget surplus by 2018 (up from around 1 percent this year). Now, if the targets are not met, as they almost surely won’t (Read more…)
Filed under: Eurozone crisis Tagged: Antarsya, Eurozone Crisis, Greece
Filed under: Greece Tagged: Greece
Filed under: Eurozone crisis, Greece Tagged: Banking, Eurozone Crisis, Greece
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