european central bank

A Safe and a Shotgun or Publicly Owned Banks? The Battle of Cyprus

By Ellen Brown, Web of Debt Mar 22, 2013 For now, the government of Cyprus has overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout. But if technocrat bankers can push through their confiscation scheme, precedent will be established for doing it elsewhere when bank bailouts become prohibitive for governments. Dig deeper ( 7 Min. Read )

Recession in the Eurozone: Round 2

Alexander Reed Kelly / Truthdig Nov 16, 2012 Recession has returned to the eurozone for the second time since the financial crisis began in 2008. The region’s GDP fell by 0.1 percent in 2012’s third quarter, which followed a 0.2 percent contraction in the previous three months. Dig deeper ( 1 Min. Read )

Creditors Demand Six-Day Workweek for Greece

Alexander Reed Kelly / Truthdig Sep 5, 2012 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. Dig deeper ( 1 Min. Read )

Stimulus Package Ahead for the Eurozone

Alexander Reed Kelly / Truthdig Jun 22, 2012 The leaders of France, Germany, Spain and Italy made a bid to save the euro Friday, pledging to push for a $163 billion program to stimulate growth in the depressed European economies. Dig deeper ( 1 Min. Read )

Will Greece Be Ruled by the Bankers or Its People?

By Peter Bratsis, Truthout Mar 4, 2012 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. Dig deeper ( 8 Min. Read )

EU Leaders Hold Emergency Huddle

Staff / Truthdig Oct 27, 2011 Greece is hanging by a thread, and its European neighbors scrambled to avoid a similar fate, and stave off even harder times for the Greeks, by holding a summit in Brussels on Wednesday. Here's a look at a couple of action items on the busy agenda for German Chancellor Angela Merkel, French Prime Minister Francois Fillon … (more) Dig deeper ( 1 Min. Read )