Posts Tagged ‘Angela Merkel’

After Greece votes no, what next?

by Phil Burton-Cartledge.

In time, they might come to call it the Tsipras Gamble. With an impossibly weak hand, no one seriously thought Syriza could pull it off. The verdict of the bail out referendum was predicted to be close, so close that it might well have been Syriza as opposed to Greece heading for the exit door. […]

What’s driving Germany’s hardline stance on Greece?

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 […]

The German Chancellor and Grexit

by Tom Gill.

This article by Jacques Sapir originally published on his own blog is translated from the French by Tom Gill A Greek exit from the Euro, following the election on 25 January, is no longer unthinkable, Chancellor Angela Merkel admitted in the German weekly Der Spiegel on Saturday. This is an important statement, which can be analyzed in […]

Critics of Eurozone austerity are right and the UK must learn the lessons

by Michael Meacher.

Arnaud Montebourg, France’s economy minister who has just resigned, is quite right. He denounced austerity policies as “absurd” because they had brought about “the most destructive crisis in Europe since 1929″ He rightly attacked the Eurozone’s fiscal stance as “the cause of the unnecessary prolongation of the economic crisis and the suffering of the European […]

Cameron’s right about Juncker, but for the wrong reasons

by Michael Meacher.

Cameron’s relentless drive to block Jean-Claude Juncker’s bid for presidency of the European Commission is driven by his desperate need to be able to negotiate prior to his proposed EU referendum in 2017 with a president who’ll be sympathetic to his demands for changes in the Britain-EU relationship, to order to swing the vote to […]

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 […]

Merkel’s Neo-Liberal Dream for Europe Will Be Crushed

by Miguel Costa Matos.

Austerity is wrong, so much we know and have repeated to each other countless times. We actively remind each other that austerity is destroying public services, massifying poverty and unemployment and imploding the economy, all this while failing to deliver on its promise of solid public or private finances. In all countries, bail-out programmes have […]

Germany’s recovery is faltering

by Michael Burke.

Germany is widely regarded as the motor of the European economy. GDP grew by just 0.3% in the second quarter of 2012 and is barely 1% higher than a year ago. The German statistical agency Destasis speak of a continuing export-led recovery. But that is not strictly correct. German exports are rising. But because imports are rising […]

Merkel isolated as preacher of reactionary austerity

by Michael Meacher.

It is almost incredible that faced with the very real likelihood of a slide into world slump, as Obama is now warning, Merkel continues to parrot the reactionary monetarist mantra that “there can be no growth through borrowing”. There can certainly be no growth through prolonged austerity, though she didn’t admit that.

Greek exit won’t save euro: fundamental restructuring needed

by Michael Meacher.

With the smart money on an early Greek exit, the two main questions to arise are: what will happen to Greece, and what future then for the Eurozone? If Greece leaves, the exchange rate will drop sharply from 340 drachmae to €1 at entry to the euro to perhaps 1,000 drachmae, a loss of value […]

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