Austerity
Bill Hudson: Greek debt update
The eurozone must collapse in the end. If it does not, the entire eurozone will end up looking like Greece looks like today. Greece is the eurozone’s future, if it is kept in place. Read […]
Financial Institutions
EU politics
Aeron Davis: Is the British establishment finally finished?
The British elite in self-destruction mode. Aeron Davis looks at the developments in Britain’s establishment of the past 50 years and why it is inexorably dedicated to destroying itself – unfortunately with a lot of […]
Austerity
Real News.com – Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption
Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and […]
Economics
Richard Murphy – Public Sector Borrowing
We have been posting a number of articles regarding Modern Monetary Theory. Here Richard Murphy, one of the world’s leading tax experts, explains how it works, and the advantages. Richard Murphy is Professor of Practice in […]
Economics
Thomas Fazi and William Mitchell – Tax havens must be closed, but not for the reasons you think
It is commonly believed that tackling tax evasion/avoidance is crucial to the viability of the welfare state and to the sustainability of public finances in Europe. A correct understanding of economics, however, tells a different […]
Finance
Prem Sikka: Big four auditing firms – Above the law?
They are not only above the law, they seem to make it. The big four auditing companies, PwC, Ernst & Young, KPMG, and Deloitte, provide frauds and fiddles, the production of questionable and false company […]
Economics
Positive Money – Why I Care About Sovereign Money
Neo-liberalism has been so successful, among other reasons, that most people do not understand economics. Austerity would never have been possible with well-informed citizens. Positive Money is trying to disseminate knowledge concerning money – something […]
Corruption
Is ECB planning prison in its headquarters for Board of Governors?
Two members of the European Central Bank Board of Governors are being investigated for corruption: Yannis Stournaras of Greece and now Ilmars Rimsevics of Latvia. Both are heads of their nation’s central banks. Maybe the […]
Economics
Branko Milanovic – How is the world ruled?
It’s a funny old world – or one in which lies are formed into a reality to ensure power. Read here
Corruption
OCCRP: Illicit Latvian Bank to be Banned from the US
Why is it that the Untied States financial authorities seems to prosecute more high porfile corruption cases in the EU than European authorities? It is a long list including Damiler-Benz, FIFA, leading Greek politicians and […]