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”....

‘Sound Finance’ Imperilling Democracy | by EPW

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...

Euro Bailout Failure | by 5 ducats

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...

Will the G20 save the world? | by Peter Wahl

The financial crisis, which is haunting the industrialised countries – with heavy effects on the entire world – served as a catalyst for the emergence of the G20 as the ‘premier forum for economic cooperation’, as the G20 defined themselves in their mandate.But the...