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Greek Democracy Is Failing – Paul Craig Roberts

The Greek debt is unpayable. It is simply too large to be repaid. The austerity that the EU and IMF have imposed on Greece has worsened the problem by driving down the Greek economy, thus making the burden of the debt even heavier. Despite the obvious fact that the EU’s austerity policy is a failure and cannot succeed, the Greek …

IMF Greece Financial Crisis

IMF: Weaker Unions = Higher CEO Pay

As labor unions have declined in most countries around the world, CEO paychecks have ballooned. And that’s not just a coincidence, according to new research from the International Monetary Fund. In the latest issue of the IMF’s Finance & Development journal, researchers Florence Jaumotte and Carolina Osorio Buitron give a preview of their forthcoming study on the links between unionization rates and …

Eight Lessons for Progressives Inspired by Syriza

You can’t watch what is unfolding in Greece and not marvel at the clarity, fortitude and nerve of the new government there. In fact, we’re pretty sure that many progressives across North America are saying to themselves, even if just quietly, “We’d sure like to do that.” And who wouldn’t? Syriza is standing up to the powers-that-be in European capitalism in …