The European debt crisis has little to do with poor budgeting and everything to do with crony capitalism.
Posts Tagged: Troika
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?
Yes, the far right performed well in Europe's elections. But wherever voters had a clear choice between economic democracy and right-wing xenophobia, they went left.
Throughout Europe, extremist right-wing parties have been on the rise and radical ideas are gaining traction.
In order to qualify for the next loan installment, Prime Minister Coelho must convince the European Union and the IMF that he can make draconian cuts.
Despite Cyprus' small size, the implications of its bailout deal deal could have serious consequences for the eurozone.