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July 7, 2015
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What’s God Got to Do with the American Experiment?

What’s God Got to Do with the American Experiment?

E.J. Dionne Jr. and John J. DiIulio Jr.
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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



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


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



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



VIDEO: Ukraine Is in Crisis. Here’s Why the West Can’t Save It.

A video roundtable hosted by Truthdig Assistant Editor Alexander Reed Kelly explains why the IMF, Europe and Western corporations don’t have the country’s best interests at heart.

Posted on Jun 13, 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



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



VIDEO: The West Isn’t Out to Save Ukraine; It’s Out to Profit From a Growing Crisis

In a series of interviews for The Nation, Truthdig Assistant Editor Alexander Reed Kelly shows why, at a time when “Ukraine needs rescuing,”  the IMF, Europe and Western corporations have no interest in actually saving the country from disaster.

Posted on Jun 11, 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



Ukrainian President: Enormous IMF Loan Won’t Help Ordinary Ukrainians

Petro Poroshenko admits that a $17.5 billion International Monetary Fund loan and its associated austerity measures won’t improve the lives of ordinary Ukrainians—but will help pay foreign creditors and fund the country’s ongoing civil war.

Posted on Mar 15, 2015 READ MORE



IMF Approves $17.5 Billion Loan to Ukraine

A week after lawmakers approved a raft of amendments to Ukraine’s 2015 budget that the IMF had demanded, the fund signed off on a $17.5 billion loan that will prevent the country from going bankrupt.

Posted on Mar 12, 2015 READ MORE



Ukraine Denouement: The IMF’s One-Two Punch (Audio)

After a tenuous ceasefire was brokered in Minsk last week, the fate of Ukraine is now shifting from the military battlefield back to the arena that counts most: international finance.

Posted on Feb 20, 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


Has the IMF Annexed Ukraine?

Michael Hudson, an economist at the University of Missouri-Kansas City, says the terms attached to the loans made by the IMF to Ukraine are likely to turn its people into penniless serfs of international banks.

Posted on Feb 14, 2015 READ MORE



Ukraine to Receive More Bailout Money From the IMF

The International Monetary Fund agreed Thursday to lend Ukraine $17.5 billion to help prop up its deeply unstable economy.

Posted on Feb 13, 2015 READ MORE



Why Ireland’s Political Elite Are Terrified of Syriza

Irish leaders—eager to maintain that compliance with the demands of international creditors after the 2008 crisis was the best choice for Ireland—are concerned that the defiant tactics of Greece’s newly elected Syriza party may expose their program as flawed if Syriza wins concessions from the troika of lenders.

Posted on Feb 2, 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


King Abdullah: Royal Pain

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Posted on Jan 29, 2015 READ MORE



Study: IMF Austerity Helped Ebola Kill Nearly 8,000 People

Professors at three leading British universities say International Monetary Fund policies favoring the repayment of international debts over social welfare spending contributed to the Ebola crisis by inhibiting an effective response by health care professionals in the three worst-hit African countries.

Posted on Jan 1, 2015 READ MORE



Russia-Ukraine Gas Deal Comes at a Price (Updated)

Aid from the International Monetary Fund will enable Ukraine to pay billions in debt to Russia’s primary gas company and free up enough of Ukraine’s budget to allow the country to buy fuel through the winter. But the IMF deal entails major reforms to the country’s energy industry.

Posted on Nov 1, 2014 READ MORE



Shutterstock

China Replaces U.S. as World’s Largest Economy, IMF Reports

Has the era of American economic hegemony finally come to an end?

Posted on Oct 8, 2014 READ MORE



Germany Prepares for Third Greek Financial Rescue

More austerity cuts are coming to Greece as Germany signals a plan to deliver a third rescue package for the debt-stricken country.

Posted on Feb 3, 2014 READ MORE


Financial Help or Bombardment ?

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Posted on Jan 5, 2014 READ MORE



Pink Sherbert Photography (CC BY 2.0)

The Insider’s Economic Dictionary: I Is for Ideology

Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than how the world actually works. (See Insanity.)

Posted on Nov 29, 2013 READ MORE



Shutterstock

Discredited Economic Theory Holds Europe in Deflationary Thrall

Why there is such iron fidelity to neoliberal austerity in the contemporary community of official, semiofficial and even academic economists? It can’t be that it works. It doesn’t work.

Posted on Nov 5, 2013 READ MORE



Teknecolor (CC BY-NC-ND 2.0)

Greece’s Birthrate Decreases as Austerity Measures Increase

The number of live births has fallen by a whopping 10 percent in Greece in the last four years as the country suffers the worst economic conditions in the entire European Union, and continues to exercise austerity in order to receive loans from the likes of the European Bank and the IMF.

Posted on Sep 18, 2013 READ MORE



David Blackwell. (CC BY 2.0)

Austerity Inflicts Brain Drain on Greece

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 READ MORE



mahalie (CC BY-SA 2.0)

Winner Takes All: The Super Priority Status of Derivatives

With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens—secured and unsecured, insured and uninsured—into the hands of derivative claimants.

Posted on Apr 10, 2013 READ MORE



L'Orso Sul Monociclo (CC BY 2.0)

The Confirmed Insanity of Austerity

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 READ MORE



Eric Vernier (CC BY-SA 2.0)

Greek Unions Hold Strike Against Austerity Policies

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 READ MORE



Atli Harðarson (CC BY-ND 2.0)

A Reality Check on Iceland

Expat Icelander Baldur Bjarnason has had it with people depicting his native land as a post-crash “progressive paradise” when it’s really a “Thatcherite’s wet dream.”

Posted on Jan 1, 2013 READ MORE


Eurozone Bank Supervision

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Posted on Oct 22, 2012 READ MORE


IMF Help

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Posted on Sep 5, 2012 READ MORE



Flickr / bixintx

DSK in Double Trouble

The combination of sex, hotels and criminal charges seems to be a common theme in Dominique Strauss-Kahn’s world, and it has landed him in another legal mess—this time in the former IMF chief’s homeland of France, where he’s caught up in a case known there as the “Carlton affair.”

Posted on Mar 27, 2012 READ MORE



Gamma Man (CC-BY)

Public-Sector Banks: From Black Sheep to Global Leaders

Conventional wisdom holds that government bureaucrats are bad businesspeople. But around the world, the many countries with strong public banking sectors generally have strong, stable economies.

Posted on Mar 8, 2012 READ MORE



Parti socialiste (CC-BY)

Will Greece Be Ruled by the Bankers or Its People?

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.

Posted on Mar 3, 2012 READ MORE



Leandro, (CC-BY)

NYC Hotels to Issue Panic Buttons to Housekeepers

New York City’s hotels have agreed to arm housekeepers with personal panic buttons for use in emergencies, including the event of unwelcome advances from guests. The decision likely results from an increased concern for worker safety stirred up by the alleged sexual assault of a housekeeper by former IMF chief Dominique Strauss-Kahn last May.

Posted on Feb 8, 2012 READ MORE


Santa Euro Crisis

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Posted on Dec 4, 2011 READ MORE


Disabled Euro

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Posted on Dec 3, 2011 READ MORE


A Crisis Story

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Posted on Dec 3, 2011 READ MORE


More on the Greek Crisis

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Posted on Nov 6, 2011 READ MORE



bbc.co.uk

Greek Parliament Passes Austerity Package

While the international media zoomed in on Libya on Thursday, another important story was unfolding in Athens, where two days of strikes and protests failed to sway parliament members from passing a bill of austerity measures the Greek government insisted was necessary to avoid an even more catastrophic economic mess.

Posted on Oct 20, 2011 READ MORE



World Trade Organization (CC-BY-ND)

DSK Off the Hook in (Another) Rape Case

It’s been a few months since former International Monetary Fund head Dominique Strauss-Kahn made news for all the wrong reasons, and on Thursday yet another headline about DSK’s sexual past cropped up.

Posted on Oct 13, 2011 READ MORE


Greek Busts

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Posted on Oct 2, 2011 READ MORE


Greek Euro

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Posted on Sep 15, 2011 READ MORE


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