Posts under ‘Europe’

Why the Euro is the gold standard writ large…

by Ann Pettifor.

The euro not only replicated key elements of the gold standard – but went much further: European currencies were simply abolished. States lost control over both their currency and their central bank. Parallels with the operation of the gold standard explain why, like the gold standard, the euro will fail. The euro system denies monetary […]

Three-quarters of jobs created in UK went to workers from EU

by Michael Meacher.

UK unemployment, which is still as high as 1,850,000, is now starting to rise again. Combined with the jobs standstill, the lack of momentum in pay makes this the most worrying set of labour market figures for a long time. What is equally disturbing is that almost all the increase in employment since the 2008-9 […]

Austerity is a hard untruth for Europe to swallow

by Max Leak.

The most galling aspect of the Conservative Party’s ongoing political success is that its all-important austerity narrative is objectively, straightforwardly untrue. Every Conservative politician of note must be fully aware of this, and there are no words to describe the cynicism that it requires to keep trotting out the flagrant lie, year in, year out. […]

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 […]

The two scenarios now facing Greece

by Sergio Cesaretto.

The victory of ‘no’ opens two scenarios. The most likely is the further effort by the Syriza-led government to reach a new agreement with the Troika, but it is not clear why it should be given something that had not been given before. The financial upheaval of recent days may be such as to induce the […]

What are the Labour leadership candidates saying on Greece?

by Phil Burton-Cartledge.

Yesterday’s vote in Greece was a momentous occasion. Almost two thirds of a people, many with politics far removed from that of its leadership, said no to demands for more austerity from the well-heeled bureaucrats of the IMF and European Central Bank, and the ministers of the European Commission. It won’t be until tomorrow that […]

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