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 ‘Eurozone’
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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Euroland’s Utopian foundations shaken by its central bank shirking its duties
Feb 12th, 2015 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. […]
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Eurozone ‘recovery’ collapse gives Osborne excuse for his own failure as UK ‘recovery’ peters out.
Aug 16th, 2014 by Michael Meacher.The Office of National Statistics (ONS) report yesterday that the average earnings growth rate has now fallen by 0.2%, the first time it has fallen below zero since the crash in 2008-9, is devastating for UK economic prospects and for Osborne’s bombastic claims about the great UK economic surge. It is devastating because the only […]
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So where now for Europe?
May 28th, 2014 by Michael Meacher.The irony for the EU, which even its leaders now recognise must change course radically, is that it can’t. At least it can’t in its present structure without such dislocating changes as to be scarcely credible. The central problem has been, and remains, the single currency. As long as countries, particularly on the southern periphery, […]
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Blairites, Valls and Renzi, offer little hope for Eurozone
Apr 23rd, 2014 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 […]
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The German elections will not change a thing in the Eurozone
Aug 15th, 2013 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 […]
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Time to break up the Euro
May 6th, 2013 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 […]
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An open letter to the leaders of Europe: abandon the Euro’s ‘gold fetters’
May 30th, 2012 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’ – […]
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Hollande’s message for Labour: focus on jobs, growth and an end to austerity
May 7th, 2012 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 […]
