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One of the biggest pharmaceutical companies in the world, GlaxoSmithKline, the British drugmaker, has agreed to plead guilty to criminal charges, and pay $3bn to settle one of the largest cases of healthcare fraud in US history. The drug giant is to plead guilty to...
The indebtedness of America and most European countries is not only dynamite to the international monetary system, but also to the cohesion of Europe and even to the cohesion of individual nation states. The large public debt crisis directly threatens our currency,...
Eric Toussaint interviewed by Ana Benačić In this interview first published in Croatian on the portal net.hr and taken up by several websites in Croatia, Eric Toussaint develops ways out of the debt crisis which are very useful for different countries in Europe and...
The economic storm triggered by the 2008 financial crash in the USA and Europe led to the loss of more than one million jobs in South Africa. Today we know that the crisis never really abated.How could it? Claims for hefty profits, wheedled through strange and complex...
The economic crisis that has shaken the world may have started in Wall Street, but it has been made much worse by the actions of both the European institutions and European member states.Much of the so-called debt crisis was caused not by states spending too much, but...
The Popular Campaign to Drop Egypt’s Debts was launched at the Journalists’ Union 31 October, with a colourful panel of speakers, including Al-Ahram Centre for Political & Strategic Studies Editor-in-Chief Ahmed Al-Naggar, Independent Trade Union head Kamal Abbas,...
The Greek prime minister George Papandreou’s call for a referendum on the bailout package agreed with the EU leaders and the IMF sounds like a move towards democracy. The Greek people are apparently going to be asked whether they want to accept or reject massive cuts...
The economic crisis that has shaken the world may have started in Wall Street but it has been made much worse by the actions of both the European institutions and European member states. Much of the so-called debt crisis was caused not by states spending too much, but...
What if debt deflation strikes, will the Eurozone’s financial elite still bay for sound finance? Finance capital’s imposition of fiscal austerity on both sides of the Atlantic – and this at a time when private consumption and investment are stagnating – is pushing the...