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July 29, 2015
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Tag: Eu


Yanis Varoufakis Had a Plan B

Greece’s former finance minister had a contingency plan for a scenario in which the country’s creditors shut down its banking system and blocked its ability to do business with other countries—as they eventually did—and he’s being pilloried for it.

Posted on Jul 29, 2015 READ MORE



Italian Politician: Italy Should Use Its ‘Enormous Debt’ as a Weapon Against Germany

Beppe Grillo, the comedian-turned-populist-leader of Italy’s second largest political party, has called for the nationalization of Italian banks and an exit from the euro.

Posted on Jul 23, 2015 READ MORE



Grexit or Jubilee? How Greek Debt Can Be Annulled

The crushing Greek debt could be canceled the way it was made—by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.

Posted on Jul 16, 2015 READ MORE


VIDEO: Civil Servants Want Greece to Leave the EU, ‘Which Is Like a Noose Strangling People’

As Greek lawmakers prepare to vote on EU austerity demands attached to a new bailout, civil servants announced a 24-hour strike, and hundreds of protesters gathered in Athens to show their opposition to the terms.

Posted on Jul 15, 2015 READ MORE



The IMF Gets Behind Greece With Debt Relief Demand

In a move that looks at once like a boost for Greece’s economic cause and grounds for further complication among eurozone member countries, the International Monetary Fund on Tuesday warned that it might pull its support for the proposed bailout plan unless other nations agree to whittle down some of Greece’s debt.

Posted on Jul 14, 2015 READ MORE



Tsipras Pushes Greeks to Take Bailout Deal

Greece’s Prime Minister Alexis Tsipras on Tuesday continued the diplomatic high-wire act that his country’s economic crisis has obliged him to attempt by working hard to persuade members of the Greek Parliament and the general population to accept the bailout package he was just offered in Brussels.

Posted on Jul 14, 2015 READ MORE



We Are All Greeks Now

What is happening in Greece in the name of austerity has already happened to the poor and the working class in the United States. If the global financial elites continue in power, the misery of the Greeks will become our own.

Posted on Jul 12, 2015 READ MORE



VIDEO: Tsipras Permitted Untold Damage to Be Done to the Greek Economy for Nothing

“There is no end in sight to the suffering of the Greek people,” writes Guardian editor Larry Elliott following the prime minister’s capitulation to European demands.

Posted on Jul 10, 2015 READ MORE


Greece

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Posted on Jul 8, 2015 READ MORE


There Will Be Blood

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Posted on Jul 8, 2015 READ MORE



Here’s What 5 Top Economists Are Telling Angela Merkel About the Greek Debt Crisis

The German chancellor is being advised by the likes of Thomas Piketty and Jeffrey Sachs, among others, on how her decisions regarding Greece will shape how generations come to view her; a writer argues that there is “quiet racism” in Instagram filters; meanwhile, AirBnB may be destroying the creative class. These discoveries and more after the jump.

Posted on Jul 8, 2015 READ MORE



World Leaders Huddle, Haggle Over Greece’s Future

Aside from monetary considerations, time is clearly the most important commodity in the ongoing crunch sessions between Greek and European leaders as they hash out a potential rescue strategy to keep Greece in the eurozone and out of financial free fall.

Posted on Jul 7, 2015 READ MORE



Greek Voters Send Decisive Message to European Leaders: No Deal (Updated)

If there was any lingering question about where the majority of Greeks stood on the deal drummed up by European creditors to try to contain Greece’s ongoing financial crisis, Sunday’s referendum on the bailout package soundly dispelled it.

Posted on Jul 5, 2015 READ MORE



Breaking With Europe, IMF Calls Greek Debt Program ‘Unsustainable’

The International Monetary Fund, part of the troika of financial organizations currently demanding austerity from Greece, “electrified the referendum debate in Greece after it conceded that the crisis-ridden country needs” $55 billion in extra funds and large-scale debt relief to create “breathing space” and stabilize its economy, The Guardian reports.

Posted on Jul 2, 2015 READ MORE



Don’t Cry for Greece—Argentina Sets the Example for Surviving After Default

In Argentina, there’s a name for what Germany and other troika members who’ve attempted to profit from Greece’s austerity-induced suffering have become: “buitres,” the Spanish word for vultures.

Posted on Jul 1, 2015 READ MORE



Greece Nearing Financial Collapse Against Looming IMF Deadline

The future of Greece and the European project as a whole hangs in the balance as the country confirms nonpayment to the International Monetary Fund.

Posted on Jun 30, 2015 READ MORE



Petros Giannakouris / AP

It’s Greek to Goldman Sachs

“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted)

Posted on Jun 30, 2015 READ MORE



Iceland Jailed Bankers and Rejected Austerity—and It’s Been a Success

Iceland’s insistence on following a different drummer after the global economic collapse is evidence that a more ethical approach can work.

Posted on Jun 11, 2015 READ MORE



Why Ireland’s ‘Yes’ Vote Matters So Much

There is much more to be done before Ireland can make wider claims to equality, but the long-time-coming sexual rights revolution is finally changing the nation’s landscape of Catholic morality.

Posted on May 26, 2015 READ MORE


British Elections

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Posted on May 8, 2015 READ MORE



Simon Jones (CC BY 2.0)

Why We Should Care About the Upcoming U.K. Elections

The British general election may prove as significant for Europe, and even for the United States, as for Britain itself.

Posted on May 6, 2015 READ MORE


Migrant Boat

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Posted on Apr 23, 2015 READ MORE



EU vs. Google: Who Will Prevail?

The European Union’s top antitrust watchdog is setting her sights on Google, taking the tech giant to task for allegedly elbowing out competitors’ listings in online shopping searches.

Posted on Apr 15, 2015 READ MORE



Spain Could Be First Net Carbon Zero G-20 State (Video)

CleanTechnica reports that Spain got nearly 70 percent of its electricity from plants that did not generate carbon dioxide in March. The two biggest non-carbon energy sources were nuclear and wind.

Posted on Apr 15, 2015 READ MORE



How GOP Threats Against Iran Have Guaranteed the End of European Sanctions

The U.S. sanction regime on Iran has a unilateral dimension. Then there is a European dimension, which involves using the clout of the Department of Treasury as well as the persuasiveness of the Department of State’s diplomats to get European Union buy-in regarding their own sanctions.

Posted on Mar 30, 2015 READ MORE



Rock Cohen (CC BY-NC-SA 2.0)

European Allies Are Declaring Their Independence from Irresponsible U.S.

Britain, Germany and France are all posting signs of dissent in the West.

Posted on Mar 19, 2015 READ MORE



Europe’s Millennials ‘Suffered Disproportionately’ From the Financial Crisis and Austerity

Europe’s youths have shifted their views and feel increasingly powerless to effect change. In a world filled with so much socio-economic instability, can we blame them?

Posted on Feb 25, 2015 READ MORE


With Greece and Eurozone Creditors Far Apart, Bailout Talks Collapse

Eurozone finance ministers have designated Friday as the deadline for the country to accept yet another austerity-filled deal, but Greek Finance Minister Yanis Varoufakis has made it clear he will not rest until an “honorable agreement” is negotiated. 

Posted on Feb 17, 2015 READ MORE



La Veu del País Valencià (CC BY-NC-SA 2.0)

Masses ‘March for Change’ With Spain’s Left to Voice Discontent Over Corrupt Politics (Video)

On the heels of leftist Syriza’s victory in Greece, Spain’s own left party Podemos garnered outstanding support at a Madrid rally attended by tens of thousands Saturday.

Posted on Jan 31, 2015 READ MORE



Trojan Hearse: Greek Elections and the Euro Leper Colony

Alexis Tsipras, the leader of Syriza, would like to pretend that austerity and the euro are two different things. Apparently, he’s blissfully ignorant of the history of the euro. The horror of austerity is not the consequence of Greek profligacy: It was designed into the euro’s plan from the beginning.

Posted on Jan 29, 2015 READ MORE



The Collapse of Europe?

The European project is teetering on the edge of failure. Growth is anemic at best and socio-economic inequality is on the rise. The countries of Eastern and Central Europe, even relatively successful Poland, have failed to bridge the income gap with the richer half of the continent. And the highly indebted periphery is in revolt.

Posted on Jan 29, 2015 READ MORE


Greece Revolts

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Posted on Jan 28, 2015 READ MORE



Top 7 Things to Know About the Belgian Anti-Terror Op That Left 2 Dead

Belgian police launched a counter-terrorism operation on Thursday in the eastern city of Verviers near the German border.

Posted on Jan 17, 2015 READ MORE



Did Iran Win 2014? Top 6 Iran Developments This Year

In 2014, Iran made news on a number of important fronts.

Posted on Dec 29, 2014 READ MORE



Putin, Blocked by Europe, Turns to Turkey for Gas Pipeline

Moscow’s annexation of Crimea and its heavy interference in Ukraine have had a significant consequence for Russia’s hydrocarbon industry.

Posted on Dec 2, 2014 READ MORE



Is an Official Independence Referendum for Catalonia ‘Inevitable’?

Over a third of Catalonia’s electorate voted in an “informal independence consultation” Sunday, prompting a Guardian editor to predict that it’s just a matter of time before the region is granted an official referendum to vote on its independence from Spain.

Posted on Nov 10, 2014 READ MORE


Catalonia to Vote

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Posted on Nov 9, 2014 READ MORE



The Simple Reason Behind Why Europe Can Have Climate Targets and the U.S. Can’t

The European Union climate summit has agreed to cut emissions by 40% by 2030, after hard bargaining by Poland and the U.K. failed to derail an agreement.

Posted on Oct 25, 2014 READ MORE



Will the Republic of Ireland Follow in Sweden’s Footsteps and Recognize Palestine?

After Sweden recognized Palestine, the Irish government began considering doing so.

Posted on Oct 18, 2014 READ MORE



Vladimir Putin Immortalized in Herculean Fan Art

Russian President Vladimir Putin certainly knows his best angles and how to play to the camera, and he’s staged many spectacles that stretch the outer limits of credulity in a series of memorable photo-ops since the global spotlight was first trained on him.

Posted on Oct 7, 2014 READ MORE



Obama Calls Russia’s Activity in Ukraine a ‘Brazen Assault’

Speaking in Estonia two days before huddling with NATO officials in Wales to discuss the simmering conflict with Russia over Ukraine, Barack Obama characterized the crisis as a “moment of testing” for NATO.

Posted on Sep 3, 2014 READ MORE



NATO, U.S.: 1,000 Russian Troops Have Entered Ukraine to Aid Rebels (Video Update)

According to NATO Brig. Gen. Niko Tak, as well as U.S. and Ukrainian officials, more than 1,000 Russian troops have crossed the border into Ukraine to shore up pro-Russian rebels in their fight against government forces. Update: President Obama made a statement Thursday afternoon about the conflict.

Posted on Aug 28, 2014 READ MORE



1000 Words / Shutterstock.com

Neo-Liberal Austerity Keeps Europe Down

Given the current dismal state of the European Union economy, which is now firmly under German control, one must ask why Angela Merkel and her government continue to champion austerity, seemingly against all reason.

Posted on Aug 26, 2014 READ MORE



Russian Troops Build Up at Ukrainian Border

The beefed-up presence of Russian forces on the Russia-Ukraine border in recent days has gotten the attention of NATO officials, who have counted some 20,000 troops in “battle-ready formations,” the Financial Times reported on Tuesday.

Posted on Aug 5, 2014 READ MORE


Sarkozy Corruption

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Posted on Jul 6, 2014 READ MORE



EU, U.S. Sway Bulgaria to Stop Work on Russian-Backed Gas Pipeline

The prime minister of Bulgaria, Plamen Oresharski, has suspended work on a gas pipeline that has recently drawn scrutiny from U.S. and European Commission officials.

Posted on Jun 8, 2014 READ MORE



Shutterstock

Hype and Hysteria Drown Out Europe’s Real Concerns

The outcome of the recently concluded European Parliament elections is described in press and political circles in Europe and North America as a shock or crisis, which is sheer nonsense.

Posted on May 27, 2014 READ MORE


Protest Vote in Europe

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Posted on May 27, 2014 READ MORE


European Union Vote

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Posted on May 26, 2014 READ MORE



Shutterstock

The Election of a New European Parliament

Elections like those taking place this weekend are traditionally unsatisfactory, but this year they may provide an unprecedented shock.

Posted on May 23, 2014 READ MORE


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