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Alberta Politics: Give a thought to Alberta’s approaching budget day: there’s little to gain and plenty to lose from ‘debt free’ government

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.

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: 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: 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

Accidental Deliberations: Friday Morning Links

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…)

Accidental Deliberations: Tuesday Morning Links

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…)

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 (2/2)

Filed under: Greece Tagged: 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

Michal Rozworski » Political Eh-conomy: “Can ‘people over profits’ become a reality in Greece?”

This is the full transcript of my podcast interview with John Milios; it appeared earlier this week in Jacobin. John is a prominent figure within Syriza; he was the party’s chief economic advisor until earlier this year and is also a member of the party’s central committee, one of the 109 who signed a letter last week opposing the new memorandum.

Here, he discusses Greek Prime Minister Alexis Tsipras’s decision to hold the July 5 referendum, the anti-austerity course not taken by Syriza, and how the slogan “people over profits” can become a concrete reality in Greece.

Michal Rozworski: What is the (Read more…)

Political Eh-conomy: “Can ‘people over profits’ become a reality in Greece?”

This is the full transcript of my podcast interview with John Milios; it appeared earlier this week in Jacobin. John is a prominent figure within Syriza; he was the party’s chief economic advisor until earlier this year and is also a member of the party’s central committee, one of the 109 who signed a letter last week opposing the new memorandum.

Here, he discusses Greek Prime Minister Alexis Tsipras’s decision to hold the July 5 referendum, the anti-austerity course not taken by Syriza, and how the slogan “people over profits” can become a concrete reality in Greece.

Michal Rozworski: What is the (Read more…)

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

Michal Rozworski » Political Eh-conomy: Podcast: Syriza’s John Milios, “I will continue to fight against austerity”

http://rozworski.org/wp-content/uploads/2015/07/podcast150720-greece-milios.mp3

 

Greece continues to be in flux. Two weeks ago, the Greek people voted over 60% No in a referendum on further austerity. One week ago, the Greek government agreed to a new Memorandum in principle after an all-night negotiation, described at times as “mental water-boarding”. Finally, last Wednesday, the first pieces of enabling legislation were passed by the Greek Parliament with a large rebellion of Syriza MPs voting against the laws.

Since then debate has raged in and outside Greece about the future of the Eurozone, the political strategy chosen by the Syriza leadership and (Read more…)

Political Eh-conomy: Podcast: Syriza’s John Milios, “I will continue to fight against austerity”

https://politicalehconomy.files.wordpress.com/2015/07/podcast150720-greece-milios.mp3

 

Greece continues to be in flux. Two weeks ago, the Greek people voted over 60% No in a referendum on further austerity. One week ago, the Greek government agreed to a new Memorandum in principle after an all-night negotiation, described at times as “mental water-boarding”. Finally, last Wednesday, the first pieces of enabling legislation were passed by the Greek Parliament with a large rebellion of Syriza MPs voting against the laws.

Since then debate has raged in and outside Greece about the future of the Eurozone, the political strategy chosen by the Syriza (Read more…)

Politics, Re-Spun: Is Greece the Front Line in the War Against Neoliberalism?

The EU is a powerful vehicle for neoliberalism. When democracy in Greece pushes back, we see the length the EU will go to punish and control Greece.

Neoliberalism is inherently anti-democratic. Greece deserves our support. And we need to continue to oppose neoliberalism and the soft fascism in Canada [like C-51] that the Conservative and Liberal coalition have been pushing for decades.

Viewed from either side of the political spectrum, the EU looks like a disaster right now:

The conservatives are proven correct about the way the EU takes away national sovereignty: The Greeks voted in a referendum to reject (Read more…)

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…)

The Disaffected Lib: Guess Who’s Coming to Dinner? No One, Angela, No One.

Is it the Euro or is it Angela Merkel – or both?  Whatever the case, Merkel’s brutal subjugation of Greece has the neighbours outside the Eurozone good cause to think twice about joining the common currency, the Euro.

Once, it was an exclusive club that nearly all of Europe aspired to join. Now, in the wake of Greece’s latest financial crisis and the hard-line response from many of the Continent’s powers, becoming a partner in the European common currency seems less and less appealing to many of the countries lined up for their chance.

From Poland to the Czech (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…)

The Disaffected Lib: Merkel’s Toxic Tonic

Has German Chancellor Angela Merkel’s subjugation of Greece inadvertently poisoned European unity?  That’s how a pro-EU lobby group sees it.

“The last few weeks have laid totally bare the European Union’s brand of authoritarian dogma,” UKIP leader Nigel Farage wrote in the London Telegraph.

“More and more people are waking up to the dangers of this supranational beast sweeping aside national sovereignty completely. Many who had continued to believe until very recently that the EU was compassionate and forward-looking are beginning to realise just how backwards the whole project is.”

Pablo Echenique, a deputy from Spain’s radical left Podemos, (Read more…)