Welcome to the newly emergent European right-wing — the dormancy is over.
|By: Attaturk Friday February 7, 2014 1:30 am|
The circumstances in many third world countries is desperate indeed, considering the economies of the nations they are fleeing to. Nevertheless, little attention is paid to the mass migration across the Mediterranean that is occurring into Italy and Spain now.
|By: Attaturk Monday February 3, 2014 1:30 am|
Since it has gone down the memory-hole as other nations’ civil wars and other more important news (Bieber!) have occurred, let us return to austerity’s poster-country, Greece.
|By: Attaturk Tuesday September 24, 2013 1:30 am|
Short-term planning wins again.
|By: Robert Kuttner Sunday August 18, 2013 1:59 pm|
By now, it’s been thoroughly proven by events that austerity policies backfire. Cut public spending in a deep downturn, and you only worsen the slump. Europe is the more extreme version of the proof, but even the United States, which is technically out of recession, faces a needlessly slow recovery. We’ve reduced deficits by slashing spending, raising taxes, and making sequester deals, but the supposed reward in the form of restored business confidence never arrives. Austerity, as Mark Blyth writes, neither restores growth not reduces the debt ratio, because slow growth (and in some cases negative growth) makes the debt loom that much larger.
|By: Mark Thoma Saturday June 29, 2013 1:59 pm|
David Stuckler and Sanjay Basu’s new book The Body Economic: Why Austerity Kills is a thorough examination of the toll that recessions take on people’s health. They show, convincingly, that there are many, many channels through which health outcomes can deteriorate when the economy goes into a deep recession. They also show that the manner in which the government reacts to an economic downturn is a critical factor in determining health outcomes. Deterioration in health in a recession, though common, is far from inevitable.
|By: GREYDOG Thursday June 20, 2013 11:21 am|
This is a rough cut sequence, part of the feature-length documentary that we are filming since the beginning of the crisis, for the last three years. It is called “AGORÁ – From Democracy to the Market” and it is an international co-production of major TV networks.
|By: GREYDOG Thursday June 13, 2013 7:45 am|
“No Signal.” That was the last message to be broadcast on June 11 at 11:00 PM (local time) by the Greek public broadcasting network ERT. Broadcasting has ended. The radical – and unprecedented – measure was taken without forewarning just as the leaders of Greece’s “Troika” creditors (EU-ECB-IMF) are in Athens.
|By: Attaturk Thursday June 6, 2013 1:30 am|
If only us hippies starting with well-known bleeding heart Paul Krugman had been listened to.
|By: DSWright Friday March 22, 2013 9:40 am|
The bank holiday in Cyprus that was supposed to end Thursday has been extended again which has done little to ease the anxiety of Cypriots desperate to withdraw their savings for fear of having them taxed. Unrest has been breaking out around banks with people protesting for “dignity” and voicing opposition against any plans to tax deposits to pay for a bailout.