by Daniel Krähmer | Oct 15, 2011
In the eye of the storm: the debt crisis in the European Union (5/7) 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...
by Daniel Krähmer | Oct 15, 2011
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...
by Daniel Krähmer | Oct 26, 2011
As it has remorselessly unwound, the global economic and financial crisis has passed through a succession of turning points. The first came when the credit crunch began in August 2007. Then there was the collapse of Lehman Brothers in September 2008, precipitating the...
by Daniel Krähmer | Nov 1, 2011
Have so many ever been so enthusiastic over a plan to beg, borrow, and steal $1.5 trillion? •Beg – Weaker European banks will have to raise over $100 billion in capital. •Borrow – Eurozone will borrow $1.4 trillion to bailout future sovereign and bank...
by Daniel Krähmer | Nov 3, 2011
Answer: what do you think they’ve been doing? On Monday, the Greek Prime Minister announced that his government would hold a referendum on the latest Euro austerity package. And look at the reaction to this ostensible democratic naivete. Stock markets slide...