Inching towards default in Europe | by James Meadway

Inching towards default in Europe | by James Meadway

EU ministers have delayed payment of an €8bn loan disbursal to Greece after the PASOK government admitted it would not meet deficit targets. Without the money, the Greek state may not be able to pay its workers over the next month. These targets were set as part of...
The Spectre of the Eurozone Debt Crisis

The Spectre of the Eurozone Debt Crisis

Does the chaos in the Eurozone signal the beginning of the end of the Euro?Four years and a couple of trillion dollars worth of rescue packages after the eruption of the sub-prime crisis in 2007, we are nowhere near resolution of the “North Atlantic Financial Crisis”....

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...