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The Death of Democracy in a Byzantine Labyrinth
The Death of Democracy in a Byzantine Labyrinth The project of European Union, and its single currency experiment, were politically an attempt to unite fractious nations in order to put an end to a history of horribly destructive conflict. Economically, the goals were to scale up governance in Europe, to transition from the national to […]
Portugal’s Debts Are (Also) Unsustainable
Portugal’s Debts Are (Also) Unsustainable Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans to repay just a fraction of its gigantic credits. Clearly this is unsustainable and something has to give. Even the IMF agrees. But what about the other Southern European countries? Actually, […]
Farage on Europe at the Heritage Foundation
Farage on Europe at the Heritage Foundation Nigel Farage may be the only practical politician these days because he came from the trading sector. He explains the Euro-Project and its failures. He makes it clear that the Greek people never voted to enter the euro, and explains that it was forced upon them by Goldman Sachs […]
The Constitution of the EU’s Dictatorship
The Constitution of the EU’s Dictatorship It’s here: http://www.esm.europa.eu/pdf/ESM Treaty consolidated 13-03-2014.pdf That’s the treaty establishing (which was originally done in 2012) the ultimate lending-fund for what the EU now officially considers to be a permanent economic crisis in Europe, of member-nations that are experiencing “severe financing problems,” and that are therefore continually ripe for […]
Riots in Athens: EU’s Impending Collapse?
Riots in Athens: EU’s Impending Collapse? People move events. The Greek people are trying to shape their own history. They aren’t there yet—even the Left hasn’t quite joined them. But a coalescence of forces is on the horizon: either Syriza radicalizes or it will be left behind. Capitalism by its very harshness is creating its […]
Greece: Sound and Fury Signifying Much
Greece: Sound and Fury Signifying Much All of Europe, and insouciant Americans and Canadians as well, are put on notice by Syriza’s surrender to the agents of the One Percent. The message from the collapse of Syriza is that the social welfare system throughout the West will be dismantled. The Greek prime minister Alexis Tsipras […]
Why the Cash Economy in Greece May Be Ending
Why the Cash Economy in Greece May Be Ending Many believe we have a teetering world economy, even without Greece as an indicator. Now Greece is looming ever larger as a critical if unknown actor. It is mostly considered a bad one, for the entire European, and even the worldwide, financial system and economy. The […]
Everything You Need to Know About the Greek Crisis and ECB Fascism in Two Paragraphs
Everything You Need to Know About the Greek Crisis and ECB Fascism in Two Paragraphs Yanis Varoufakis just sat down for his first interview since resigning as Finance Minister of Greece. He talked frankly with Harry Lambert of the New Statesman. Here are the two most important paragraphs from the transcript. There is no democracy in Europe. […]
Cashtration
Cashtration Recently, we’ve witnessed the bank holiday in Greece, the limitation as to how much the Greek people can withdraw from their accounts each day. Not surprisingly, the mainstream press have focused on images such as the one above – a queue at an ATM – and discussed the difficulty of the Greek people in trying […]
German FinMin Blasts Greek Proposal: Debt Restructuring Impossible, “Everyone Knows They Can’t Be Believed”
German FinMin Blasts Greek Proposal: Debt Restructuring Impossible, “Everyone Knows They Can’t Be Believed” In the face of Latvia’s outgoing President’s comments, that debt writedowns for Greece will only come after the bankruptcy of the state… “this [Greek] debt is so big that everyone understands that it won’t be repaid. Loans to Greece have just bought […]
This Week In Energy: Oil Prices Hinge On Two Financial Crises
This Week In Energy: Oil Prices Hinge On Two Financial Crises It has been an eventful week. Two major financial crises are destroying the bullish case for oil. The Greek crisis continues, although there are signs that some semblance of a solution is at hand. Europe had demanded a new proposal and set this Sunday […]
Someone Pull The Plug or This Will End in War
Someone Pull The Plug or This Will End in War I was going to write up on the uselessness of Angela Merkel, given that she said on this week that “giving in to Greece could ‘blow apart’ the euro”, and it’s the 180º other way around; it’s the consistent refusal to allow any leniency towards […]
Europe is blowing itself apart over Greece – and nobody seems able to stop it
Europe is blowing itself apart over Greece – and nobody seems able to stop it Prime Minister Alexis Tsipras never expected to win Sunday’s referendum. He is now trapped and hurtling towards Grexit Like a tragedy from Euripides, the long struggle between Greece and Europe’s creditor powers is reaching a cataclysmic end that nobody planned, […]
The Pope’s Letter: Neoliberalism and Fukushima
The Pope’s Letter: Neoliberalism and Fukushima Japan’s Social Disintegration Japanese sociologist and Tokyo Metropolitan University professor, Shinji Miyadai argues that European nations progressed from the communal self-governance of food to the communal self-governance of energy after World War II. Miyadai compares Europe’s post-war developments with those of post-war Japan in his article entitled ‘Pitfalls of […]
The Greece and Eurozone Crisis Made Simple
The Greece and Eurozone Crisis Made Simple One can go into long convoluted explanations but, as I see it, there are two basic problems, one leading into the other. The more superficial problem is that in a single currency zone without the option of devaluation purchasing power will drain to the more competitive countries. To […]
