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Tag: Greece


Add Russia’s Olympic Doping Scandal to the Rich History of Cheating in Sports

Seeking an unfair advantage in sports did not originate in the former Soviet Union, but state-sanctioned cheating is much more common in communist or former communist countries.

Posted on Aug 4, 2016 READ MORE


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A Progressive American in London: My Thoughts on Brexit and the Revolt Against Jeremy Corbyn

After voting to leave the European Union, the U.K. needs serious discussions on a progressive way forward. For that, it needs Corbyn at the helm of the Labour Party.

Posted on Jun 28, 2016 READ MORE



2008 All Over Again

Great Britain’s decision to leave the European Union presages perhaps another global financial meltdown. Banks will again demand massive bailouts. We will be forced to again swallow austerity measures, and there will be a continued decline in living standards.

Posted on Jun 24, 2016 READ MORE



Powerful Exhibits on Both Coasts Explore Borders and the Plight of Refugees

Artists at galleries in Los Angeles and New York zoom in on some of the world’s 60,000 displaced people—and one “solution” for dealing with them.

Posted on Jun 2, 2016 READ MORE



One Child’s Harrowing Journey From Afghanistan to Sweden

She was only 14 when her mother decided that Nasima’s best hope for a future meant leaving her home, her family and everything she knew to make a grueling trek to Europe.

Posted on May 19, 2016 READ MORE



Greece Bailout Was for EU Banks: Study Confirms That Rescue Loans Didn’t Serve the Greek People

“The only reason why they effected this so-called bailout of Greece was to save their own banks and to present this as solidarity with Greece.”

Posted on May 5, 2016 READ MORE



Yanis Varoufakis, Former Greek Finance Minister, Returns to Public Life More Hopeful Than Ever

The left-wing Syriza member resigned in 2015 after five tumultuous months battling eurozone creditors as they turned the austerity screws on Greece. Now he is continuing the fight through the new democracy movement, DiEM25.

Posted on Apr 29, 2016 READ MORE


‘Days of Revolt’: Wall Street Criminals and the Future of Our Economy (Video)

In the second part of an interview from teleSUR’s “Days of Revolt,” Truthdig contributor Chris Hedges continues his discussion of “junk economics” with professor Michael Hudson.

Posted on Apr 1, 2016 WATCH & LISTEN



The Mexicanization of the United States

The destruction caused by neoliberalism is global. The patterns of economic, social, cultural and political assault that Mexico has suffered are afflicting countries from Greece to the United States. Only a worldwide anti-capitalist resistance movement will save us.

Posted on Mar 13, 2016 READ MORE



The Most Important Issues for Activists in 2016: An Interview With Kevin Zeese

The longtime political activist pinpoints what activists should be paying attention to in the new year, including the killing of people of color by the government through police violence, the climate crisis and the duopoly scam of American politics.

Posted on Jan 7, 2016 READ MORE



Puerto Rico Will Default on $37 Million in Debt on New Year’s Day

Gov. Alejandro Padilla said the island’s government would do “all [it] can to avoid” the shutdown of vital services.

Posted on Dec 31, 2015 READ MORE



Will Yanis Varoufakis Find a New Role on the World Stage?

Together with “a variety of good folks across Europe,” the former Greek finance minister is working to build “a pan-European democratic movement, call it a party, call it what you will,” that transcends national political parties.

Posted on Dec 26, 2015 READ MORE



The Sad Fate of America’s Whistleblowers

History may smile on these guardians of the public trust, but during their lifetimes they remain outcasts.

Posted on Oct 19, 2015 READ MORE



Sonali Kolhatkar in L.A. Times on Turmoil at KPFK Pacifica Radio: ‘A Micro-Version of Greece’

If management at KPFK Pacifica Radio were to pick a comparison inspired by recent world events to illustrate the current status of their operation, they probably wouldn’t settle on Greece. But that’s just the route that an op-ed article by Sonali Kolhatkar took.

Posted on Sep 24, 2015 READ MORE



Looks Like Greece’s Progressive Syriza Party Has Been Elected … Again

Most of Sunday’s snap general election results are in—and it seems Syriza has claimed another important victory in Greece and Alexis Tspiras will continue to lead the country.

Posted on Sep 20, 2015 READ MORE



Egyptian Billionaire Offers to Buy Island in Mediterranean to House Refugees

“Greece or Italy, sell me an island,” Naguib Sawiris tweeted. He even suggested a name for the new country: “Hope.”

Posted on Sep 5, 2015 READ MORE



Greek Opposition Tries to Form Government as Election Looms

One day after Greek Prime Minister Alexis Tsipras resigned and called for an early election to deal with a party rebellion over the country’s third bailout deal, Greece’s president has asked the country’s main opposition party to form a new government.

Posted on Aug 21, 2015 READ MORE



Greek Prime Minister Alexis Tsipras to Resign

The prime minister and leader of the Syriza party will submit his resignation to the country’s president Thursday, making way for early elections scheduled for Sept. 20, government officials report.

Posted on Aug 20, 2015 READ MORE



Why Hillary Clinton’s Brand of Zionism Should Keep Her From Winning the Election

Hillary Clinton’s “scary credentials” with regards to the Middle East may make it “impossible” for many to vote for her in the upcoming presidential election; the McMansion is back and bigger than ever; meanwhile, Senator Bernie Sanders gives his take on why the Greek crisis should matter to Americans. These discoveries and more after the jump.

Posted on Aug 4, 2015 READ MORE



Greece Debt Crisis: Massive Stock Plunge After Five-Week Shutdown

Ending down 16.23 percent by the end of Monday, Athens’ stock market experienced its worst daily performance since at least 1985, when modern record keeping began.

Posted on Aug 3, 2015 READ MORE



The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.

Posted on Aug 2, 2015 READ MORE



IMF Refuses to Join Greek Bailout Until Debt Relief Demands Are Met

The International Monetary Fund has said it will not participate in a new bailout for Greece until an “explicit and concrete agreement” on debt relief is reached by the country’s eurozone creditors.

Posted on Jul 31, 2015 READ MORE



Yanis Varoufakis Had a Plan B

Greece’s former finance minister had a contingency plan if 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



International Monetary Fund Warns of Bad Outlook for the Eurozone

The international financial organization has warned of economic trouble ahead for the eurozone as worry over Greece lingers, unemployment remains high and the banking sector struggles to shake off the residue of the financial crisis.

Posted on Jul 27, 2015 READ MORE



Greek Reforms ‘Will Fail,’ Former Finance Minister Varoufakis Says

Yanis Varoufakis, who resigned recently, predicted that the measures will “go down in history as the greatest disaster of macroeconomic management ever.”

Posted on Jul 18, 2015 READ MORE



How Goldman Sachs Helped Create the Greek Debt Crisis

The investment bank turned a huge profit by helping to hide the real extent of Greece’s debt, and in the process almost doubled it.

Posted on Jul 17, 2015 READ MORE


Greek Burden









Posted on Jul 16, 2015 ENLARGE



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 WATCH & LISTEN



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



Is Brazil Really on the Verge of a Crisis Like Greece’s?

Brazil is having a horrible 2015, dogged by headlines like “Brazil in Crisis” or “On the Brink.” But to seasoned observers, Brasil Wire argues, such language is sensationalist and excessive, particularly in the context of the ongoing situation in Greece.

Posted on Jul 14, 2015 READ MORE



VIDEO: Greece Accepts Draconian EU Bailout Demands

To get desperately needed funds, Greek Prime Minister Alexis Tsipras has submitted his country to harsh economic reforms that the people had rejected in a referendum just a week earlier.

Posted on Jul 13, 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


AUDIO: ‘Left, Right & Center’: Greece, Hacks and Trump on Top

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists discuss Greece’s pursuit of another bailout from the EU, two major security breaches of U.S. government databases and whether Donald Trump could win America’s Latino vote.

Posted on Jul 11, 2015 WATCH & LISTEN



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



‘Guerrilla Warfare Against a Hegemonic Power’: The Challenge and Promise of Greece

By nationalizing its banks and issuing digital loans and thus restoring the liquidity desperately needed by banks and the economy, Greece could provide a model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war being waged against us all.

Posted on Jul 10, 2015 READ MORE



Why the Greek Victory Inspires Us

While Greece is not the first country to defy the IMF’s prescriptions, it is uniquely poised to underscore, once and for all, capitalism’s incompatibility with democracy.

Posted on Jul 9, 2015 READ MORE



Are We Heading for Another Stock Market Crash?

“The signs are ominous,” writes financial journalist Suzanne McGee. Ultimately, we “will need to get accustomed to higher market volatility, of the kind that we saw yesterday.”

Posted on Jul 9, 2015 READ MORE


Greece









Posted on Jul 8, 2015 ENLARGE


There Will Be Blood









Posted on Jul 8, 2015 ENLARGE



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



The Greek Crisis Marks ‘the Beginning of the Collapse of Capitalism’

Missing from the mainstream debate over the Greek economic crisis is “the damaging role that the endless quest for economic growth plays,” writes journalist Jennifer Hinton at The Guardian.

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


Tsipras, OXI, Vampires









Posted on Jul 7, 2015 ENLARGE


VIDEO: A Distressing Look at the Effects the Greek Debt Crisis Is Having on Street Food Markets

The Guardian’s Phoebe Greenwood visits Athens’ street markets and cafes to discover nearly empty establishments as Greeks cut down on everything from meat to fruit and dairy while their country’s fate remains unresolved.

Posted on Jul 7, 2015 WATCH & LISTEN



Piketty on Germany’s Hypocrisy: It ‘Has No Standing to Lecture Other Nations’

“Those who want to chase Greece out of the eurozone today,” the French economist says, “will end up on the trash heap of history.”

Posted on Jul 6, 2015 READ MORE



Greek Finance Minister Yanis Varoufakis Resigns

Despite his country’s decisive rejection of the European Union’s terms for remaining in the eurozone, the Greek finance minister has quit his post, citing an unwillingness on the part of some EU ministers to negotiate with him.

Posted on Jul 6, 2015 READ MORE



Is Greece’s ‘No’ on the Debt Referendum Another Youth Revolution?

In the past five years, the old political categories—left, right, center or capitalist and socialist—have been challenged by a new category: youth.

Posted on Jul 6, 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


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