Posts under ‘Macroeconomics’

Chris Leslie has got Corbynomics wrong

by Richard Murphy.

I noted a report in the Independent yesterday about comments that the shadow chancellor, Chris Leslie, had made about why he called Corbynomics. These are, I presume, the policies announced by Jeremy Corbyn nearly two weeks ago. I spoke at the launch of those policies and since they were largely lifted from this blog I […]

Do the Germans realise the damage they have done to themselves and Europe?

by Bryan Gould.

The Wehrmacht had a crack at it – but that attempt ended in disastrous failure 70 years ago. The long-held dream of German hegemony throughout Europe is, however, back on the agenda and closer than ever to realisation. The Greek crisis threw up many sub-plots – many of them of great significance of course to […]

The end of a civilised Europe? Germany enforces a new gold standard

by Michael Meacher.

Arguably the so-called deal that has been forced down the throats of the Greek people represents the worst of all worlds. It imposes even more draconian terms than were on offer even a week or two ago, with very little conceded in terms of debt relief, but with such added conditions of austerity as will […]

The end of my European dream

by Richard Murphy.

The imposition of German demands on Greece, without consideration for its democracy, sovereignty or interests, is one of those moments that changes everything. I grew up with a European dream. Born in 1958 I was politically aware from a very young age. Much informed my early views, but most influences were, inevitably, personal. I wanted […]

After the shameful deal imposed on Greece, where are the left Eurosceptics?

by Phil Burton-Cartledge.

The deal imposed by the Eurozone grouping on Greece is nothing short of shameful. It continues to pile up the debt, reducing Greece to the status of a debt colony of the rich, Northern European countries. It, like all austerity programmes, expects working people, pensioners, the young to pick up the tab for payments that […]

Greece: not “reforms” but a triumph of ideology over common sense

by Bryan Gould.

As the Greek crisis unfolds, we are constantly informed by the world’s media that the European power-brokers will agree to a further bail-out only if Greece implements a programme of “reforms”. Most people will see this as confirming their understanding of what the crisis is about. The Greeks, it seems, have mismanaged their economy; so […]

Osborne’s budget is not dissimilar to 2010 – it will have the same effects

by Michael Burke.

Most media coverage of the Budget is predictably sycophantic and wrong. An objective assessment is that the amount of fiscal tightening planned in this Budget is exactly the same as outlined in the June 2010 Budget. The June 2010 Budget planned tightening of £40bn, but £3bn of this was the projected fall in interest payments. […]

Osborne’s decadent budget

by Phil Burton-Cartledge.

Let’s scotch a myth that’s been multiplying like typhus in news about the so-called emergency budget. George Osborne is no “political genius”. Take a look at the measures he’s outlined. All of them are imprinted with his partisan political economics designed as traps for the Labour Party. The cut on corporation tax – any attempt to […]

Would a Rachel Reeves budget yesterday have been much different?

by James Elliott.

Ahead of yesterday’s budget, in which George Osborne laid out £12bn of welfare cuts, a continued squeeze on public sector pay, the abolition of student maintenance grants and higher tuition fees, Labour’s ‘opposition’ front benchers went out of their way to agree with Osborne’s narrative of austerity. Still reeling from the General Election, or now […]

What should new Greek finance minister do next?

by Ann Pettifor.

The Greek people have led, so that their leaders can now follow.  They have backed (with a landslide vote for “No!”) their brave and principled, if inexperienced and diplomatically inept, new government. Now they need to turn their attention to rebuilding their economy. The first step must be to begin creating a new (and hopefully […]

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