troika

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...

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‘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...

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