Posts Tagged: austerity
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.
Syriza will not easily sweep the policies of austerity aside, but there is a palpable feeling on the continent that a tide is turning.
Europe should be the world's superpower. So why is it on the verge of collapse?