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. […]
Posts Tagged ‘Greece’
Euroland’s Utopian foundations shaken by its central bank shirking its duties
Feb 12th, 2015 by Ann Pettifor.
In the UK as in Greece do you stay with failed policies or change course?
Feb 5th, 2015 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 […]
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Tsipras versus Cameron: people versus bankers
Feb 3rd, 2015 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 […]
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Democracy versus capitalism – how Greece should survive
Feb 2nd, 2015 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 […]
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Syriza has interesting allies: Vladimir Putin and Mark Carney
Jan 29th, 2015 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 […]
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Writing on the wall as hope comes to Greece, but they need your support
Jan 28th, 2015 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 […]
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Syriza’s victory: turning hope into reality
Jan 27th, 2015 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 […]
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Syriza deserve our trust, support and solidarity
Jan 27th, 2015 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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Remembering the last Greek government elected on a Bennite programme
Jan 26th, 2015 by Jon Lansman.As PASOK suffers the worst defeat in its history, the one thing it still has in common with Syriza is that it too was once elected on a Bennite programme. We reflect on that with the help of Tony Benn. Last night’s sweeping victory for Syriza is the first election of a genuinely radical Left government in […]
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Greek election: latest polls show Syriza in lead but short of working majority
Jan 25th, 2015 by Jon Lansman.The latest polls completed on Friday show Syriza with a convincing lead over New Democracy of 5.5% before don’t knows are excluded. However, that lead would leave Syriza without a working majority although it is possible that, with this lead given the margin of error, it could just achieve 151 seats. Pollster SYR ND RIV […]
