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In the eye of the storm: the debt crisis in the European Union (4/7) In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint...
In the eye of the storm: the debt crisis in the European Union (3/7)In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint...
David Harvey (2010) The enigma of capital and the crises of capitalism. London: Profile. (PB: pp. 312, ISBN-10: 9781846683084)Slavoj Žižek (2010) Living in the end times. London: Verso. (HB: pp. 432, ISBN-10: 9781844675982)Analyses of the crises, instability and...
The Occupy movement that has spread with remarkable speed across the U.S. is coming to London tomorrow. New Left Project will be running a series of articles looking at issues of relevance to the protest, including the role of the financial system in the economic...
This European conference meets not a moment too soon.The peoples of Europe face an unprecedented social, political and economic crisis.Our governments are implementing the most savage spending cuts designed to destroy all the social gains of the post-war period. These...
Greece is facing an economic and social disaster, the result of its so-called rescue by the "troika" of the EU, the International Monetary Fund and the European Central Bank. Greece must change course to avoid a grim future for its people: it must default on its debt...
We are not blinded by the moral reparation of national independence; nor are we fed by it. The wealth of the imperial countries is our wealth too.... So when we hear the head of a European state declare with his hand on his heart that he must come to the aid of the...
IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...
With confusing creditworthiness two more countries and many banks in Europe have “achieved” downgraded ratings over the last few days. And, there is a split. The Germans and the French have, temporarily, disagreed to agree. For the financial elites, political...