Posts Tagged ‘Eurozone’

Blairites, Valls and Renzi, offer little hope for Eurozone

by Michael Meacher.

Valls and Renzi, the new prime ministers of France and Italy respectively, have made clear their respect for Blair and their intention to follow his example. That’s bad news for the Eurozone and for the EU in general. Blairism is not an economic ideology, but rather a style of leadership that is far more about […]

The German elections will not change a thing in the Eurozone

by Tom Gill.

Interview with Italian economist Emiliano Brancaccio by Peter Vernizzi translated by Tom Gill As far as austerity is concerned, even after the September elections Germany will not turn the page. The Germans have benefited from the crisis, and even if the Bundesbank itself has reservations about the general direction of European economic policy, Berlin has no interest in […]

Time to break up the Euro

by Oskar Lafontaine.

The European policy of Chancellor Angela Merkel is coming increasingly under pressure. Not only European Commission President Manuel Barroso, but also Enrico Letta, recently asked by Italian President Giorgio Napolitano to form the new governnnent, have criticized her austerity policies, which have been dominant in Europe and are leading to disaster. Europe’s leaders have long been at […]

An open letter to the leaders of Europe: abandon the Euro’s ‘gold fetters’

by Ann Pettifor.

On May 15th, in what can only be described as an act of coercion, an impoverished and effectively insolvent Greece acceded to the handover of a bond payment – €436 million – to private financial ‘vulture funds’. The Greeks had little choice. However, in acquiescing to this handover – facilitated by its paymasters,‘the Troika’ – […]

Hollande’s message for Labour: focus on jobs, growth and an end to austerity

by Michael Meacher.

There are several important implications in Hollande’s convincing victory over bling-bling Sarkozy. It’s not just the first Socialist presidential win for 31 years, even more significantly it clearly marks a turning point in European politics, though a lot still depends on how forcefully and skilfully this wedge against the dominant Right is used. But the […]

Where Europe is going, Britain will follow

by Michael Meacher.

The 1st round Socialist victory in the French presidential elections on Sunday, the collapse of the Right-wing Dutch government on Monday, the probable demise soon of the Right-wing Czech government , and the likely election on 6 May of an anti-Merkel government in Greece point conclusively in one direction. Across Europe the democratic backlash against […]

Standing up for Ireland

by Gerry Adams.

If you want to know who is taking the real decisions about the economy of the Irish state then you need look no further than EU Commissioner Olli Rehn. Since Fianna Fáil crashed the economy and Fine Gael and Labour won last years election they have repeatedly asserted that there can be no deviation from […]

Another credit crunch looms

by Ann Pettifor.

The finance sector is signalling alarm, and our politicians are once again asleep at the wheel. Another “credit crunch” may be looming. The most significant evidence emerged from the ECB’s second Long Term Refinancing Operation (LTRO) on Thursday last week. The LTRO is simply language intended to disguise the “printing of money” by the ECB […]

Austerity Isn’t Working – time to invest in growth and jobs

by Lee Brown.

Austerity isn’t working. The disastrous Tory economic experiment has left the economy stagnating, household incomes falling at their fastest rate in decades and unemployment soaring towards three million. Even by the criteria the government has set itself, that of reducing the deficit, it is failing. The Tories are set to borrow £158 billion more than […]

The French goose and the Greek gander

by Ann Pettifor.

Inside the Eurozone, what’s good for the French democratic Goose it appears, is not necessarily applicable to the Greek democratic gander…. From the Financial Times of 13 February, 2012:

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