eurozone
Is Europe Headed for a ‘Lexit’?

Is Europe Headed for a ‘Lexit’?

When European Union President Jean-Claude Juncker addressed the European Parliament in Strasbourg this past September, he told them the organization was facing an "existential crisis." In part, he blamed "national governments so weakened by the forces of populism"...

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Upstart Parties Crash the Ball in Spain

Upstart Parties Crash the Ball in Spain

For the past quarter of a century there have been few watershed moments in Spanish political history. Like a well-choreographed pas de deux, the center-left Socialist Workers Party (PSOE) and right-wing Popular Party (PP) have taken turns governing the country. But...

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Portugal: The Left Takes Charge

Portugal: The Left Takes Charge

After several weeks of political brinkmanship, Portugal’s right-wing president, Anibal Cavaco Silva, finally backed off from his refusal to appoint the leader of a victorious left coalition as prime minister and accept the outcome of the Oct. 4 national elections....

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How Greece’s Creditors Trounced Syriza

How Greece’s Creditors Trounced Syriza

As the final votes poured in last January, Greece seemed primed for a political earthquake. Syriza, the nascent left-wing coalition led by the telegenic Alexis Tsipras, rocketed to power in a decisive vote against the devastating neoliberal economic policies foisted...

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German Kettle Calls Greek Pot Black

German Kettle Calls Greek Pot Black

We will leave it to better economic minds than ours to determine the extent to which the Greek government capitulated to the European Union. But, the tremendous strides in humanity that German has taken since World War II aside, let’s take a moment to examine the...

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Updating German Thrift for the Age of Austerity

Updating German Thrift for the Age of Austerity

The latest showdown in the European Union features the election of the very first anti-austerity government in Greece, cold disillusionment among the EU’s political elite, and the prospect of a broken promise, which could push financial markets into a tailspin in the...

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Explaining the Cyprus Shakedown

Explaining the Cyprus Shakedown

In June 2012, the Cypriot government requested a bailout after its two largest banks took massive losses—around 1.6 billion euros—on Greek government bond write-downs. In order to remain solvent, it was determined that Cyprus needed 17 billion euros in assistance. What Cypriots got was a government claim on their own private bank accounts. 

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Blogging the Rio+20 Earth Summit for the Rest of Us: The Eurozone Crisis

Blogging the Rio+20 Earth Summit for the Rest of Us: The Eurozone Crisis

Just enough Greek voters gritted their teeth and switched their votes to give the center-right New Democracy party another shot at government in their June 17 elections. Amid this victory for fear over hope it’s bear in mind the metoric rise of the radical anti-austerity Syriza coalition, which  polled a close second. Syriza’s support rose from 5 percent in 2009 to 27 percent on Sunday, narrowly avoided the fate of presiding over the next phase of the country’s economic collapse.

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