CBS News’ Economic Fearmongering Is Based on Unreliable Sources

Dean Baker / FAIR Feb 17, 2019 The “economic textbooks” CBS cites in its warning on debt are questionable. Dig deeper ( 2 Min. Read )

The European Union May Not Survive the Euro

Marshall Auerback / Independent Media Institute Jan 18, 2019 Double-digit unemployment and rising inequality have ravaged the continent. A return to traditional currencies may offer a solution. Dig deeper ( 10 Min. Read )

The Italian Banking Crisis: No Free Lunch — or Is There?

By Ellen Brown / Web of Debt Dec 22, 2016 The Italian banking crisis that could take down the eurozone has been called “a bigger risk than Brexit." Handwringing officials say there is “no magic bullet,” but a British professor, Richard Werner, says remedies are just being ignored. Dig deeper ( 7 Min. Read )

The Euro

By Bethany McLean Aug 27, 2016 The timing couldn't be better for this new book, which recounts the tragic irony of how the euro, which was supposed to bring Europe together, is in fact driving it apart. Dig deeper ( 5 Min. Read )

Nations Scramble to Compete in ‘Currency War’ as China’s Yuan Falls to 5-Year Low

Staff / Truthdig Jan 7, 2016 China, Europe and Japan are driving down the value of their currencies in order to make their exports more attractive on the global market, leaving millions of workers in associated industries “protected or vulnerable, depending on which side they find themselves,” writes Guardian economics correspondent Phillip Inman. Dig deeper ( 2 Min. Read )

Looks Like Greece’s Progressive Syriza Party Has Been Elected … Again

Natasha Hakimi Zapata / Truthdig Sep 21, 2015 Most of Sunday's snap general election results are in -- and it seems Syriza has claimed another important victory in Greece and Alexis Tspiras will continue to lead the country. Dig deeper ( 1 Min. Read )

Greek Prime Minister Alexis Tsipras to Resign

Alexander Reed Kelly / Truthdig Aug 20, 2015 The prime minister and leader of the Syriza party will submit his resignation to the country’s president Thursday, making way for early elections scheduled for Sept. 20, government officials report. Dig deeper ( 1 Min. Read )

Greece Debt Crisis: Massive Stock Plunge After Five-Week Shutdown

Roisin Davis / Truthdig Aug 3, 2015 Ending down 16.23 percent by the end of Monday, Athens' stock market experienced its worst daily performance since at least 1985, when modern record keeping began. Dig deeper ( 2 Min. Read )

IMF Refuses to Join Greek Bailout Until Debt Relief Demands Are Met

Alexander Reed Kelly / Truthdig Jul 31, 2015 The International Monetary Fund has said it will not participate in a new bailout for Greece until an “explicit and concrete agreement” on debt relief is reached by the country’s eurozone creditors. Dig deeper ( 1 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 )

Grexit or Jubilee? How Greek Debt Can Be Annulled

By Ellen Brown, Web of Debt Jul 16, 2015 The crushing Greek debt could be canceled the way it was made—by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats. Dig deeper ( 7 Min. Read )

The IMF Gets Behind Greece With Debt Relief Demand

Kasia Anderson / Truthdig Jul 15, 2015 In a move that looks at once like a boost for Greece's economic cause and grounds for further complication among eurozone member countries, the International Monetary Fund on Tuesday warned that it might pull its support for the proposed bailout plan unless other nations agree to whittle down some of Greece's debt. Dig deeper ( 1 Min. Read )