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Ryan Cooper – Why the eurozone is still headed for total disaster

For a few months in 2015, U.S. writers paid rapt attention to eurozone politics. It seemed like tiny Greece was going to force European elites to finally fix some of the crippling defects with the currency area. Left-wing Syriza, led by Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis, leveled a challenge to the German-dominated eurozone grandees. With the …

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Peter Koenig – Greece: Has The New Government Already Sold-Out Before New Elections on 20 September?

The Delphi Initiative of Greece issued yesterday the following statement under the title Tsipras – Kammenos Surrender Greece: The Greek Left is a political force, the supporters of which gave heroic struggles in the past to defend democracy and national independence of Greece, thousands and thousands of them dying, sent into prison and exile or tortured. It is the first …

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Nick Dearden – Greece is for sale – and everything must go

Why does this matter? First because it makes no sense to sell off valuable assets in the middle of Europe’s worst depression in 70 years. I’ve just had sight of the latest privatisation plan for Greece. It’s been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with …

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New Issue Brief Finds that Even Projections for Paltry Gains from TTIP Are Greatly Overstated

Washington, D.C.– A new issue brief from the Center for Economic and Policy Research (CEPR) examines widely cited studies on the potential gains from the Trans-Atlantic Trade and Investment Partnership (TTIP) and finds that they would deliver just 40 cents per person per day in the U.S., and 0.2 euros per person per day in the EU. Supporters of the …

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ANDRE VLTCHEK – Greece: Raped, Humiliated, Frightened But Standing!

A small town of Distomo is just 150 kilometers from Athens, positioned in the heart of Greece, literally squeezed between two great world heritage sites: Delphi, the cradle of the European democracy, and a stunning Byzantine monastery of Hossios Luckas. But Distomo is much more than some picturesque village surrounded by mountains and history. Here, On June 10, 1944, according …

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Walden Bello – Europe’s Big Banks Are Fueling the Continent’s Far-Right Fascists

For a moment this summer, it appeared that Greece had cornered its creditors. In a hotly contested vote in which their European neighbors openly intervened, Greeks overwhelmingly voted to reject more austerity. In a controversial turnaround, however, Greek Prime Minister Alexis Tsipras then submitted to the demands of eurozone leaders for more austerity measures in return for a bailout loan …

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Mahdi Darius Nazemroaya – ANALYSIS: The Greek Bailout Paves The Way For The United States Of Europe

SAINT-JEROME, Quebec –— Modern Greek tragedy is at play, and so are illusions. The big myth is that Greece overspent and the Greek government was reckless with its budgets, ultimately indebting Athens. It is true that Greek officials tried to gain influence and political support through spending. It’s also true that they signed lucrative contracts with local businesses. Athens, however, …

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Vojko Volk – The Failure — and Future — of Democracy In Europe

There’s at least one reason we should be grateful to the Greek people for exposing the European Union’s democratic dysfunction this summer: Their recent referendum showed that majority rule is impossible in a multinational union. Creating the illusion of democratic decisions within the EU, even when there is no clear will among the member states, has returned like a boomerang …

The consequences of Syriza’s betrayal: From terms of surrender to terms of occupation – Barry Gray

Meeting late into Sunday night, euro zone heads of government issued new ultimatums to Greece that would effectively strip the country of its sovereignty and turn it into an economic colony of the German banks. The German government has been the most aggressive in insisting that either the Greek parliament pass a series of laws by Wednesday night imposing a …

Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel By Thomas Piketty, Jeffrey Sachs, Heiner Flassbeck, Dani Rodrik and Simon Wren-Lewis

The never-ending austerity that Europe is force-feeding the Greek people is simply not working. Now Greece has loudly said no more. As most of the world knew it would, the financial demands made by Europe have crushed the Greek economy, led to mass unemployment, a collapse of the banking system, made the external debt crisis far worse, with the debt …