Posts Tagged ‘Greece’

The costs and benefits of Grexit

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 […]

Explaining the Euroland-Greece agreement

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 […]

Euroland’s Utopian foundations shaken by its central bank shirking its duties

by Ann Pettifor.

The late-night decision on 4 February by the European Central Bank to reject Greek bank collateral for monetary policy operations will, I confidently predict, precipitate not just a run on Greek banks; not just greater price instability across the Eurozone – but ultimately, the collapse of the fantastic machinery that is the ‘self-regulating’ economy of the Eurozone. […]

In the UK as in Greece do you stay with failed policies or change course?

by Michael Meacher.

Almost everyone, and that includes the IMF and the ECB, now admit that austerity has gone far too far and is now holding back growth. The only exception are the Germans, but even they are now losing ground. They were forced to concede the eurozone bailouts which they never agreed with, they were compelled to […]

Tsipras versus Cameron: people versus bankers

by Michael Burke.

David Cameron became the first elected politician in Europe to criticise the election of the Syriza government in Greece and was quickly followed by George Osborne. This might seem odd as Britain is outside the Eurozone and has limited direct influence over its policies. But the urgent and unrestrained nature of the criticism is very revealing about what is at […]

Democracy versus capitalism – how Greece should survive

by Michael Meacher.

It is difficult for us to comprehend what the Greek people have been subjected to. After the 2008 crash UK unemployment rose to 8%; in Greece it is still 26% with youth unemployment at over 50%. UK GDP fell by 9%; Greek GDP collapsed by 25%. What is remarkable is not the momentous Syriza victory […]

Syriza has interesting allies: Vladimir Putin and Mark Carney

by Phil Burton-Cartledge.

By their friends shall ye know them? This old adage has got some folks feeling a bit uncomfortable as the new Syriza government apparently cosies up to Mother Russia. This is by no means a new thing. Last year Alexis Tsipras provided Putin’s interventions in Ukraine with some political cover. Interesting friends of Syriza are […]

Writing on the wall as hope comes to Greece, but they need your support

by Mike Davis.

Mike Davis on why supporters of an alternative economic model need to demonstrate solidarity with the new anti-austerity Syriza government. Solidarity is vital. Ways you can help are set out below ‘The most left wing government elected in Europe since the Second World War’ is a hard tag for Syriza to live up to. This was […]

Syriza’s victory: turning hope into reality

by Michael Burke and John Ross.

The Greek people have inspired every progressive force in Europe, and beyond, by electing the first anti-austerity government in Europe. Syriza has similarly inspired every progressive person with the great political skill with which it outmanoeuvred the forces in Greece and Europe who attempted to scare the Greek people into not voting for it. As […]

Syriza deserve our trust, support and solidarity

by Phil Burton-Cartledge.

‘Radical Left Takes Power‘. There’s a headline not seen in my lifetime. Syriza‘s victory in Sunday’s Greek elections is rightly being greeted with dismay, derision, and near panic by those who presume to know the needs of Greece better than the 2.2m voters who turned out against a completely unnecessary economic depression and austerity-without-end. Sadly, […]

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