Austerity policies not only generate substantial welfare costs due to supply-side channels, they also hurt demand—and thus worsen employment and unemployment. The notion that fiscal consolidations can be expansionary (that is, raise … Continue reading IMF: Neoliberalism – Oversold?
IMF economists have published a remarkable paper admitting that the ideology was oversold The very headline delivers a jolt. For so long mainstream economists and policymakers have denied the very existence of … Continue reading You’re witnessing the death of neoliberalism – from within
Economists give strong critique of neoliberal doctrine ushered in by Ronald Reagan and Margaret Thatcher in the 1980s They arrive at this conclusion yet the governments throughout Europe, especially in Greece, keep … Continue reading Austerity policies do more harm than good, IMF study concludes
They were calling for an end to austerity — and the resignation of David Cameron. The number of protesters is between 50,000 and 150,000, in other words, huge! Yet the BBC chose … Continue reading Thousands of anti-austerity protesters fill the streets of London
The size of the audience was a demonstration of the concern that Finnish people have for the future of their nation given that the conservative government is signalling it wants to impose … Continue reading University of Helsinki lecture | Euro Crisis
In a nutshell, Greece is up for sale, and its workers, farmers and small businesses will have to be cleared out of the way. Under the eye-watering privatisation programme, Greece is expected … Continue reading Greece is about to be completely dismantled and fed to profit-hungry corporations
Greece and other weak EU countries were victims of predatory lending too – mainly by bankers in Germany and France. Like their still unindicted counterparts at America’s too-big-to-fail banks, the banksters responsible … Continue reading The Greeks Fight Back: Oxi to Austerity
#endausteritynow Tweets 250,000 marching in London now. Continue reading #EndAusterityNow
Video of Speech by the Speaker of the Greek Parliament to an Assembly of speakers of all EU national Parliaments – on the devastating impact of the austerity imposed on Greece and … Continue reading Speaker of the Greek parliament explains impact of austerity on Greece
And it looks far from over. Source: Greece’s depression worse Great Depression Continue reading Greece’s depression worse than the Great Depression
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At the official opening of the Greek “Presidency” of the EU (a purely symbolic title bestowed upon every EU country for 6 months) the Greek Minister of Culture, Mr. Panos Panagiotopoulos, started … Continue reading Greek Minister of Culture admits purpose of EU is to become competitive with China’s low wages
At first read this sounds great, but… Continue reading European Parliament members show support for #Ukraine protesters
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