The Disaster of Negative Interest Rates

Ellen Brown / Truthdig Sep 25, 2019 If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates. Dig deeper ( 7 Min. Read )

Facebook’s Authoritarian Money Grab

Jacob Bacharach / Truthdig Jun 21, 2019 The tech behemoth’s bid to create its own pseudocurrency à la China’s WeChat is likely to flop, but we can't afford to write it off. Dig deeper ( 5 Min. Read )

Fed Leaves Its Key Rate Unchanged but Hints of Future Cuts

MARTIN CRUTSINGER / The Associated Press Jun 19, 2019 The Fed says that because "uncertainties" have increased, it would "act as appropriate to sustain the expansion." Dig deeper ( 3 Min. Read )

International Monetary Fund Warns of Bad Outlook for the Eurozone

Alexander Reed Kelly / Truthdig Jul 27, 2015 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. Dig deeper ( 1 Min. Read )

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

Roisin Davis / Truthdig Jul 19, 2015 Yanis Varoufakis, who resigned recently, predicted that the measures will “go down in history as the greatest disaster of macroeconomic management ever.” Dig deeper ( 2 Min. Read )

How Goldman Sachs Helped Create the Greek Debt Crisis

Robert Reich / Truthdig Jul 17, 2015 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. Dig deeper ( 5 Min. Read )

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

Alexander Reed Kelly / Truthdig Jul 1, 2015 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. Dig deeper ( 11 Min. Read )

Greek Banks Close Indefinitely After Weekend That Shook the Euro

Alexander Reed Kelly / Truthdig Jun 29, 2015 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. Dig deeper ( 1 Min. Read )

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

Alexander Reed Kelly / Truthdig May 28, 2015 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. Dig deeper ( 13 Min. Read )

Greek Finance Minister Says Austerity Is Bad Medicine

Alexander Reed Kelly / Truthdig Apr 22, 2015 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!” Dig deeper ( 9 Min. Read )

In Germany, Dozens Wounded and Police Cars Set Afire in Anti-Austerity Protests

Alexander Reed Kelly / Truthdig Mar 20, 2015 Thousands participated in anti-austerity “Blockupy” demonstrations that turned violent outside the opening of the new headquarters of the European Central Bank in Frankfurt, Germany. Dig deeper ( 1 Min. Read )

The Noose Around Greece: How Central Banks Harness Governments

By Ellen Brown, Web of Debt Mar 11, 2015 It seems the European Central Bank has made good on a threat by Goldman Sachs to cut off liquidity to Greek banks in the event the nation elected an anti-austerity government. Dig deeper ( 7 Min. Read )