Economics

The Greek finance minister has warned that the euro will collapse if his country is forced out of the currency bloc. “The euro is fragile, it’s like building a castle of cards, if you take out the Greek card the…

Austerity has been served notice to leave Greece with immediate effect. Greek Prime Minister, Alexis Tsipras, addressed parliament today to outline a number of measures that seek to end the enormous suffering inflicted on the population over the five years…

In recent days the question of Greece’s debt has taken over the headlines in Europe, especially in the economic news. Greece’s leaders have toured many important capitals of Europe to seek support for a reduction of national debt. Despite some…

Threat comes amid continued grassroots opposition to proposed trade deal By Andrea Germanos, staff writer for Common Dreams An official with Greece’s newly elected Syriza party may have sounded the death knell for a proposed EU-U.S. trade deal that has…

Marianella Kloka, activist with World without Wars and Violence describes the spontaneous demonstrations today in Athens and Thessaloniki against the strong response of the ECB to the proposals of the Greek Government. The atmosphere is like the public demonstrations of…

How can it be that when a country is in financial difficulty, “Market Forces” say that a country has to pay higher interest to borrow money? If there were any international solidarity a country should have to pay less interest…

Hundreds of thousands formed a sea of people that literally took over the centre of Madrid in what was called the March for Change.  Podemos (the new Spanish left party that formed last year) wanted to measure their forces and…

A week is a long time in politics, as the saying goes, and never was this more clearly illustrated than in Greece over the last seven days. One week ago, a country with no self-esteem was on its knees begging…

The obstinacy of stock-market gurus and their prescriptions for the economic health of different countries are contradicted by the efficacy of the treatment in their populations. The illness of hunger, endemic now for a long time, unemployment, housing instability and…

The new Greek finance minister, Yanis Varoufakis announced today that the government would not be dealing any more with appointed delegates of the “troika” (the IMF, the European Central Bank and the European Commission) who are seen as responsible for…