Alexander Reed Kelly / TruthdigJul 29, 2015
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. Dig deeper ( 2 Min. Read )
Sonali Kolhatkar / TruthdigJul 10, 2015
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. Dig deeper ( 5 Min. Read )
Alexander Reed Kelly / TruthdigJul 2, 2015
The aim of German Chancellor Angela Merkel and other EU powers in the Greek debt crisis is “apparently to humiliate Tsipras and his government in preparation for its early replacement with a more pliable administration,” writes Seamus Milne, associate editor of The Guardian. Dig deeper ( 2 Min. Read )
Join our newsletterStay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.
Alexander Reed Kelly / TruthdigJul 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 )
Alexander Reed Kelly / TruthdigJun 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 )
By Ismael Hossein-zadeh, CounterpunchMar 6, 2015
For the anti-austerity struggle in Greece and elsewhere to become effective and sustainable, it must be raised from the national level to the international level. Dig deeper ( 11 Min. Read )
Alexander Reed Kelly / TruthdigFeb 25, 2015
“The finance ministers of Europe are not all in favor of balancing the budget if it has to be balanced by taxing the rich,” says economist Michael Hudson (not pictured) of the ongoing confrontation over the Greek debt crisis. Dig deeper ( 7 Min. Read )
Alexander Reed Kelly / TruthdigFeb 21, 2015
“The rightwing orthodoxy that dominates thinking in Brussels has asserted itself over the hapless Greeks,” writes economics correspondent Phillip Inman at The Guardian. Dig deeper ( 2 Min. Read )
Alexander Reed Kelly / TruthdigFeb 2, 2015
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. Dig deeper ( 2 Min. Read )
By Greg Palast, To XoniJan 29, 2015
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. Dig deeper ( 6 Min. Read )
Alexander Reed Kelly / TruthdigNov 1, 2014
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. Dig deeper ( 5 Min. Read )
Alexander Reed Kelly / TruthdigOct 25, 2014
On Sunday, parliamentary elections in Ukraine and "stress tests" and reviews conducted by the European Central Bank will "determine the entire continent's direction for years ahead," financial economist Anatole Kaletsky writes at Reuters. Dig deeper ( 2 Min. Read )
Join our newsletterStay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.
Now you can personalize your Truthdig experience. To bookmark your favorite articles and follow your favorite authors, please login or create a user profile.
Now you can personalize your Truthdig experience. To bookmark your favorite articles and follow your favorite authors, upgrade to supporter.