Month: December 2015

A Crisis Made In Germany.

Simon Wren-Lewis

The headline in my latest article for The Independent may seem like a wild exaggeration. But if we are talking about a crisis that impacted on unemployment in the entire Eurozone (except Germany) rather than just the periphery, then I think it is reasonable. It was German policy makers that insisted that the Eurozone embark on general austerity in response to problems in the Eurozone periphery. It was the influence of the Bundesbank and others in Germany that helped the ECB raise interest rates in 2011, and delayed a QE programme until 2015. Those two things together created a second Eurozone recession.



του José Pablo Feinmann[1] (προς τον Jorge Alemán[2])

Κατά την τελευταία Συνδιάσκεψη Πανλατινοαμερικανικής Σκέψης που έγινε στην πόλη Τουκουμάν (Αργεντινή), πολλοί από τους ομιλητές συνέδεσαν την κατάσταση της Λατινικής Αμερικής με το τραγικό μέλλον που απειλεί για μια ακόμη φορά τους Έλληνες, τον λαό εκείνο που ούτε λίγο ούτε πολύ η δυτικοευρωπαϊκή παράδοση και οι πιο διακεκριμένοι φιλόσοφοί της αναγνωρίζουν ως κοιτίδα του δυτικού πολιτισμού. (more…)

Europe’s Attack on Greek Democracy, ( nowdays it’s gotten worse).

By Joseph E. Stiglitz.

NEW YORK – The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.