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By Mark Heisler
$23.96
By Martin Amis
$16.32
$40
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archer10 (Dennis) (CC BY-SA 2.0)
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Greek victims of austerity are increasingly being forced to sell their bodies for cheap in horrific squalor and to escape painful reality with a new street drug.
Posted on May 22, 2013
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By William Pfaff — The bombs that ended the Boston Marathon in April were planted by young Muslims who had come to the United States as immigrants, rejected America as a civilization, and then attacked it, leaving behind a message of religious war.
Posted on May 22, 2013
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mcdett (CC BY-NC-ND 2.0)
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A gloomy forecast for the sales of a German automaker portends the possible spread of Southern Europe’s economic crisis to other parts of the continent—and the world.
Posted on Apr 26, 2013
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Shutterstock photo of the euro.
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By William Pfaff — A new “Alternative for Germany” political movement has erupted as a backlash against the euro, and against Germany’s fellow members of the EU.
Posted on Apr 17, 2013
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David Blackwell. (CC BY 2.0)
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More than 100,000 unemployed professionals have left Greece amid a shrinking economy and a lack of jobs to seek better opportunities abroad in a trend that will dramatically impact the country for generations.
Posted on Apr 11, 2013
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h.koppdelaney (CC BY-ND 2.0)
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A broken economy means broken bodies—bodies that give way under stress, inadequate and unavailable health care, and in some places, fewer available supplies to treat the increased numbers of ill. Greece points the way.
Posted on Apr 3, 2013
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Luojie, Cagle Cartoons, China Daily, China —
Posted on Apr 1, 2013
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L'Orso Sul Monociclo (CC BY 2.0)
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Austerity threw the 17 countries that use the euro back into recession in the third quarter of 2012. As a result, unemployment is expected to rise 12.2 percent, leaving half of young people in Spain and Greece without jobs, and public debts—the expressed target of the reductions—are growing as well.
Posted on Mar 19, 2013
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Flickr/401(K) 2013
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By Juan Cole — The “sequester” is actually, of course, the American form of austerity, or cutbacks in government spending during a recession. Austerity, or stingy government in Europe has kept employment extremely depressed compared to what it would have been with government stimulus, as Paul Krugman argues.
Posted on Mar 4, 2013
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By Joe Conason — Indebted America is in danger of turning into destitute Greece, or so congressional Republicans and conservative commentators have been warning us for years now. For many reasons, this is an absurd comparison—but it may not always be quite so ridiculous if Washington’s advocates of austerity get their way.
Posted on Feb 28, 2013
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Eric Vernier (CC BY-SA 2.0)
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Greeks are resisting a combination of government spending cuts and tax hikes—which some believe will result in an unemployment rate of 30 percent—imposed by international bailout creditors.
Posted on Feb 20, 2013
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Miguel Virkkunen Carvalho (CC BY 2.0)
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By Paul Brown, Climate News Network —
The European countries currently struggling most economically—Greece, Spain and Portugal—will fare worst under climate change as they lose both harvests and tourists to rising heat and low summer rainfall, the European Environment Agency says.
Posted on Feb 1, 2013
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Patrick Chappatte, Cagle Cartoons, The International Herald Tribune —
Posted on Jan 28, 2013
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Gwydion M. Williams (CC BY 2.0)
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Residents of the Greek city Volos—some of whom have lost up to 40 percent of their disposable income—have taken to bartering or using alternative currency to survive the worst economic crisis in modern times.
Posted on Jan 3, 2013
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Luojie, Cagle Cartoons, China Daily, China —
Posted on Dec 26, 2012
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Luojie, Cagle Cartoons, China Daily, China —
Posted on Nov 12, 2012
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George Laoutaris (CC BY-ND 2.0)
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Political neglect of the Greek police has allowed members of the ultranationalist Golden Dawn party to infiltrate the country’s security services while encouraging underpaid officers to accept support from society’s energetic, far-right fascist elements, a senior officer claims.
Posted on Oct 27, 2012
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sorriso-per-te (CC BY-ND 2.0)
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Rumors of budget cuts have been trickling out for the last four months. Now a 94-page draft memorandum, yet to be officially released, appears to detail Greece’s new austerity measures in full.
Posted on Oct 24, 2012
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Olle Johansson, Cagle Cartoons, Sweden —
Posted on Oct 12, 2012
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Aster-oid (CC BY 2.0)
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Leftist Greek lawmaker Alexis Tsipras says austerity for his country and other hurting European nations is a form of blackmail intended to build a new Continental economy based on cheap labor, deregulation, reduced public spending and tax benefits for the wealthy.
Posted on Oct 9, 2012
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AP/Nikolas Giakoumidis
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Up to 200,000 Greeks took to the streets Wednesday during a general strike that paralyzed the country, marking the public’s first major confrontation with Athens’ 3-month-old coalition government.
Posted on Sep 26, 2012
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SnowViolent (CC BY 2.0)
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A leaked letter from Greece’s lenders—the European Commission, the European Central Bank and the International Monetary Fund—orders the country to introduce a six-day workweek as part of a package of austerity demands for a second bailout.
Posted on Sep 5, 2012
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Christo Komarnitski, Cagle Cartoons, Bulgaria —
Posted on Aug 27, 2012
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By Joe Conason — The central problem in Greece is the government’s failure to collect what taxpayers (especially wealthy taxpayers like Mitt Romney) actually owe under the law.
Posted on Jul 13, 2012
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By E.J. Dionne, Jr. — If the United States were still governed under the Articles of Confederation, might California be in the position of Greece, Spain or Italy?
Posted on Jun 20, 2012
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AP/Yorgos Karahalis
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New Democracy leader Antonis Samaras faces a daunting task after his pro-euro party won the Greek elections over the weekends: form a coalition government in three days, and do it without the help of the party that finished second in the vote.
Posted on Jun 18, 2012
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Martin Sutovec, Cagle Cartoons, Slovakia —
Posted on Jun 16, 2012
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Bankers are bracing for international financial chaos as Greek voters head to the polls to decide on an austerity plan that could kiss the euro bye-bye. But that’s not the only major world event happening, with Egypt’s military tossing the recent Democratic elections aside as it dissolves the country’s parliament.
Posted on Jun 15, 2012
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RJ Matson, Cagle Cartoons, Roll Call —
Posted on Jun 14, 2012
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nikoretro (CC BY-SA 2.0)
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Amid a festering economic crisis, Greek society’s super-rich have retreated to their private mansions and island resorts to sip cocktails, kick back on imported Asian sand and figure out new ways to slip their money out of the country.
Posted on Jun 14, 2012
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Paresh Nath, Cagle Cartoons, The Khaleej Times, UAE —
Posted on Jun 10, 2012
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Images_of_Money (CC BY-SA 2.0)
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European leaders are drawing up a solution to the EU’s fiscal crisis that would hand sovereignty over the budgets and fiscal policies of eurozone states to Germany in return for the pooling of national debt and banking liabilities. Brussels, France, Spain and Germany all support a federalized eurozone.
Posted on Jun 5, 2012
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Martin Sutovec, Cagle Cartoons, Slovakia —
Posted on May 23, 2012
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By William Pfaff — To understand what is happening in the eurozone, it is necessary to understand something of the past.
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Paresh Nath, Cagle Cartoons, The Khaleej Times, UAE —
Posted on May 15, 2012
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Last time on Truthdig Radio in association with KPFK: Scott Tucker disrupts the celebration of Obama’s gay marriage announcement; the Green Party candidate; Robert Scheer and Sergei Plekhanov; austerity check; and the class politics of parking tickets.
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Photo illustration from an image by Colin Grey (CC-BY)
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Last time on Truthdig Radio in association with KPFK: Scott Tucker disrupts the celebration of Obama’s gay marriage announcement; the Green Party candidate; Robert Scheer and Sergei Plekhanov; austerity check; and the class politics of parking tickets.
Posted on May 15, 2012
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Photo by (CC-BY-SA)
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By William Pfaff — The weekend elections in France and Greece seem widely to have been taken, at least on the European and American left, as a solution to the great European economic crisis.
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(CC-BY-SA)
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By Eugene Robinson — Economic austerity is a dangerous, self-defeating intellectual fad. Perhaps I should say that’s what it was, given Sunday’s election results in Europe.
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By Olle Johansson, Sweden —
Posted on May 7, 2012
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AP/Michel Spingler
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The austerity regime in Europe took a big hit Sunday, with French voters electing Socialist Francois Hollande, while the Greeks, also voting Sunday, handed out pink slips to the ruling centrist coalition that has slashed government spending on EU orders.
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Gabriela Camerotti (CC-BY)
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Tally the fatal, unhappy costs of runaway capitalism. Across Europe, businessmen unable to cope with the world made by the 2008 economic crash are taking their lives.
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bbc.co.uk
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After 77-year-old Greek retiree Dimitris Christoulas fatally shot himself in front of the parliament building in Athens on Wednesday, Greek protesters’ ire again exploded over the austerity measures that the government has implemented to save the country from economic ruin while sacrificing citizens’ funds along the way.
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AP / Michael Probst
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Having pulled off the biggest debt restructuring deal ever, Greece is on track for yet another bailout. Meanwhile, the Greek government is also preparing to make yet another round of austerity cuts, which may involve lowering the nation’s minimum wage.
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Liberia is considering two proposals that would make consensual same-sex acts punishable with jail time; NATO refuses to get involved in the crisis in Syria; and a Jewish journalist killed by terrorists was baptized posthumously by the Mormon Church. These discoveries and more after the jump.
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Parti socialiste (CC-BY)
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By Peter Bratsis, Truthout —
The most central and constant dilemma in modern politics—whether the will of the people or that of bureaucrats and specialists should rule—is on full display in Greece.
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Christo Komarnitski, Cagle Cartoons, Bulgaria —
Posted on Feb 26, 2012
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Mitt Romney swipes Rick Santorum with his Senate record. President Obama proposes subsidizing energy innovators as gas shoots up 12 cents a gallon in one week. Secretary of State Hillary Clinton offers a show of support for Assad’s opponents, and Greece signs loan papers.
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