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August 1, 2015
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Pure Goldwater

Pure Goldwater

By John W. Dean; Barry M. Goldwater, Jr.

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Tag: Greece


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

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Posted on Jul 16, 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



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 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



‘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

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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



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

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Posted on Jul 7, 2015 READ MORE


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 READ MORE



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



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



If You Think What the EU Is Doing to Greece Is Bad, Look at What the U.S. Is Doing to Puerto Rico

The scenario playing out in Puerto Rico sure does feel like déjà vu, with one terrifying difference.

Posted on Jul 2, 2015 READ MORE


VIDEO: Chomsky on Greece: A ‘Savage Response’ for Standing Up to Austerity ‘Class War’

In an interview for “Democracy Now!” Noam Chomsky comments on the challenges faced by Greece’s leading party, Syriza.

Posted on Jul 1, 2015 READ MORE


VIDEO: Michael Hudson and Bill Black: A Greek Bailout Is Really a Bailout of Western Banks

The esteemed U.S. political economists say Western financial institutions are keen to bail out Greece because if they don’t, the country’s existing creditors—other Western financial institutions—will fail to recover money they previously lent to Greece.

Posted on Jul 1, 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



Economists Krugman and Stiglitz on Why Greeks Should Vote ‘No’ on the Referendum

Nobel Prize-winning economists Joseph Stiglitz and Paul Krugman maintain that Greece must keep going it alone and vote “no” on the upcoming referendum on the bailout.

Posted on Jun 30, 2015 READ MORE



Thousands Donate to Crowdfunding Site for Greek Bailout

Here’s a novel approach to the Greek financial crisis: A “Greek Bailout Fund” launched by an Englishman has received almost 30,000 donations.

Posted on Jun 30, 2015 READ MORE


Greek Crisis

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Posted on Jun 30, 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



Greek Banks Close Indefinitely After Weekend That Shook the Euro

Greeks found their savings blocked and banks closed Monday morning after a standoff between the country and its bailout creditors that cast doubt on the future of Europe’s single-currency zone.

Posted on Jun 29, 2015 READ MORE



Through Feints and Provocations, the Greek Debt Drama Will Continue

“There has been nothing but bad news,” writes The Guardian’s economics editor Larry Elliott of the Greek debt crisis. “Yet, through it all, the relative calm in the financial markets has reflected a belief that, despite everything, the drama Tsipras of Athens will have a happy ending.”

Posted on Jun 22, 2015 READ MORE



Joseph Stiglitz, Thomas Piketty and Other Renowned Economists Demand an End to Greek Austerity

Twenty-six of the world’s most distinguished economic minds proclaimed their solidarity with Greece’s ruling anti-austerity party in an essay published in the Financial Times in early June.

Posted on Jun 12, 2015 READ MORE



VIDEO: The IMF Walks Out of Greece Bailout Talks

The U.S.-led global debt brokerage pulled out of negotiations with Greece on Thursday after it accused Athens of refusing to compromise over labor market and pension reforms.

Posted on Jun 11, 2015 READ MORE


VIDEO: Michael Hudson: The TPP and Europe’s Central Bank Against Syriza

Acclaimed heterodox economist Michael Hudson tells The Real News Network that if passed, the Trans-Pacific Partnership trade deal will overturn state sovereignty, and that leading International Monetary Fund economists have described the organization as captured by private bondholders.

Posted on May 28, 2015 READ MORE



Sara (CC BY-NC-SA 2.0)

Is Democracy as We Know It Unraveling?

The world’s democracies, perhaps especially our own, face a peculiar set of contradictions that are undermining faith in public endeavor and unraveling old loyalties.

Posted on Apr 29, 2015 READ MORE


Greek Finance Minister Says Austerity Is Bad Medicine

Greece’s new left-wing, anti-austerity Syriza Party raises concerns over international creditors’ demands to restructure the country’s labor market and curtail its pension system in exchange for a new package of bailout funds scheduled for release Friday. Greek Finance Minister Yanis Varoufakis speaks with “Democracy Now!”

Posted on Apr 22, 2015 READ MORE



Western Europe’s Right-Wing Parties Are Sensational but Ineffectual

The current transatlantic view of Europe is one of continental political decline, elegant at best but ominous at worst.

Posted on Apr 16, 2015 READ MORE



Court Dismisses Suit Against Anti-Iran Group Due to Risk of Exposing State Secrets

The U.S. government won the dismissal of a defamation suit against an anti-Iran advocacy group last week. It was the first time the government has intervened in a private case not involving a government agency or defense contractor.

Posted on Apr 2, 2015 READ MORE



Greece Submits Reform Proposals and Warnings to Eurozone Creditors

Their country would stop cooperating with creditors if negotiations failed and aid was not forthcoming, government leaders said as they submitted a long-awaited list of 18 policy reforms to eurozone administrators.

Posted on Mar 28, 2015 READ MORE



Greeks Hold to Nazi-Era Claims Ahead of Prime Minister’s Visit to Berlin

Jewish leaders in Thessaloniki, Greece, are considering how to reclaim—with interest—fares that Nazi Germany made nearly 60,000 Jews pay to send themselves to their deaths at Auschwitz.

Posted on Mar 22, 2015 READ MORE


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