Greece: going under | by Michael Roberts

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...

A looming global recession | by CP Chandrasekhar

All recent economic indicators point almost unambiguously to a new global recession, one which threatens to be more severe and prolonged than the 2007 crisis. While the epicentre of this developing crisis is located in the metropolitan countries, specifically the EU...
Where Next for a Europe in Crisis? | by Kirsty Hughes

Where Next for a Europe in Crisis? | by Kirsty Hughes

As the leaders of the eurozone struggle to contain Europe’s financial crisis, big question marks are appearing both over whether the euro will actually survive as a single currency and over whether the euro crisis may split the European Union (EU) politically into two...