The key question is who, i.e. which class, is going to pay for this enormous crisis. Whichever one wins the battle, it will be directly at the other's expense. So far the popular classes are taking a beating. Can this be turned round? Throughout Europe people are...
troika
The crisis in Spain: Winners and losers | by Brian Anglo
The key question is who, i.e. which class, is going to pay for this enormous crisis. Whichever one wins the battle, it will be directly at the other's expense. So far the popular classes are taking a beating. Can this be turned round? Throughout Europe people are...
“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...
Seven Myths about the Greek Debt Crisis* | by Stergios Skaperdas
ABSTRACT: In Greece and other countries of the Eurozone there are a number of misconceptions about the debt crisis. I argue against seven of such misconceptions (or, myths) about the effects of default, the primary cause of the crisis, the likely effects of an exit...
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...
‘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...
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...
A European Brady deal: austerity for life | by Eric Toussaint
In the eye of the storm: the debt crisis in the European Union (4/7) 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...


