Posts Tagged: austerity
It's a new kind of barbarism, one that sacks countries with fine print.
Greece's left-wing government stood up to their creditors, only to be politically executed. Is the far right set to pick up the mantle?
Europe's proven plenty capable at regulating lightbulbs and vegetables. But it's failed utterly at making democratic decisions about money.
From Athens to Tehran, powerful countries make the rules and break the rules. Everyone else just squeezes the best deal they can — for now, anyway.
Greece and Germany don’t belong on the same continent, let alone in the same currency union.
Half of young Greeks are unemployed, and over 40 percent live in poverty. Is default really worse than letting Europe squeeze the country dry?
The deal that was cut in Brussels buys Greece valuable time.
The European debt crisis has little to do with poor budgeting and everything to do with crony capitalism.
Thriftiness has served Germany well in the past, but the German culture of austerity suffers from selective memory.
Left organizations from all over Europe met in Barcelona to draw up a plan to battle the forces of austerity.