The bullying by Greece’s creditors continues. The latest ploy is to try, unilaterally, to interfere in Greece’s internal politics by re-defining the terms and purpose of Sunday’s referendum. It is patently clear that Tsipras called the referendum to ask the Greek people whether they accepted the latest bailout terms laid down by the creditors, yet […]
Posts Tagged ‘Greece’
Wages, profits & investment In Greece
Jun 28th, 2015 by Michael Burke.The IMF has placed a road-block in the way of a deal with the Greek government and it remains unclear whether any agreement can be reached. The prior agreement which the IMF rejected was itself already very onerous. But the IMF wants to shift the burden of paying for the crisis away from taxes on […]
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Austerity has failed Greece and its people – just as it is failing people here
Jun 5th, 2015 by Jon Trickett.In our country austerity is imposed by an elected government. In Greece, however, a government was elected to try a different way out of the crisis. But the will of the people is being thwarted by a troika of largely unelected institutions: the IMF, The European Council and the European Bank.Austerity is endangering the social […]
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Greek myths retold: confronting the ideologues of austerity
Apr 25th, 2015 by Michael Burke.The world economy is not strong and the President of the United States is sufficiently concerned about new shocks to it that he recently met the Greek Finance Minister to urge ‘flexibility on all sides’ in the negotiations between the Syriza-led government and its creditors. US concern is fully justified. In any attempt to reach agreement it […]
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What’s driving Germany’s hardline stance on Greece?
Mar 2nd, 2015 by Tom Gill.By Juan Torres López* and translated from the original Spanish by Tom Gill The media and the centres of economic and political power in Europe try to make us believe that the difficulties in reaching agreement with Greece come from the demands and bad practices in this country and that it is the position of […]
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TUC expresses solidarity with Greece; Labour remains silent
Mar 1st, 2015 by Jon Lansman.The TUC General Council this week expressed its solidarity with the people and trade unions of Greece in no uncertain terms. If only the political wing of the Labour movement would follow suit! Some Labour MPs have individually signed a supportive early day motion but even they are surprisingly few. We’d urge readers to do […]
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The money exists for investment in Greece
Feb 28th, 2015 by Michael Burke.The fraught negotiations between the new Greek government and representatives of the EU institutions are likely to be prolonged. They have centred to date on Syriza’s efforts to find room to alleviate some of the worst effects of austerity and address what is called the ‘humanitarian crisis’. This is entirely justifiable given the depth of […]
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Five questions from Costas Lapavitsas to Syriza’s leadership on their Euroland deal
Feb 25th, 2015 by Jon Lansman.This is a translation of a blog by Costas Lapavitsas who was Professor of Economics at London’s SOAS until he was elected as a Syriza MP this year. He is known as a Eurosceptic critic of the more Europhile stance of the Syriza leadership, though his criticisms are more reserved than those of Syriza’s 92-old […]
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The costs and benefits of Grexit
Feb 24th, 2015 by Tom Gill.by Emiliano Brancaccio and Gennaro Zezza – translated from Italian by Tom Gill You cannot say that between 2010 and 2014, Greece has not “done their homework” assigned by the Troika. The tax burden has grown by five percentage points of GDP, public spending has fallen by a quarter and wages have fallen by twenty […]
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Explaining the Euroland-Greece agreement
Feb 23rd, 2015 by Tom Gill.by Jacques Sapir (translated from the French by Tom Gill) The agreement reached on Friday 20 February between Greece and the Eurogroup has led to conflicting commentary. It is necessary, in order to understand this agreement, and to analyze it, to put it into context, both in the short and in the long term. This agreement […]
