Both major wings of contemporary mainstream economists—'Retro Classicalists' and 'Hybrid Keynesians'—fail in fundamental ways to understand the qualitative characteristics of the economic crisis that continues to impact the U.S. and global economy. Neither wing has...
repayment
“All the loans accorded by the Troika are illegitimate” | by Eric Toussaint
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...
Can a Nigerian Squeeze the Poor for the World Bank? | by Patrick Bond
In coming days, the World Bank will have a new president. Smart money backs Barack Obama’s choice: Dartmouth College president Jim Yong Kim. But two weeks ago, Nigerian Finance Minister Ngozi Okonjo-Iweala was endorsed by her Pretoria counterpart, Pravin Gordhan....
Greece must default and quit the euro. The real debate is how | by Costas Lapavitsas
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...
Alternative ways out of crisis | by Eric Toussaint
In the eye of the storm: the debt crisis in the European Union (7/7)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...

