Austerity
News Click: Yanis Varoufakis – European Oligarchy Has Banned Transfer of Wealth to Poor
Yanis Varoufakis on the current economic situation in the EU.
Austerity
Austerity
Peter Bofinger – Black Zero against the Climate
Peter Bofinger approved this draft before the COVID-19 outbreak. The climate emergency requires massive public investments if we are to avoid catastrophic, civilisational collapse. The irresistible logic of the Green New Deal is starting […]
Austerity
Emma Clancy – The EU’s Stability and Growth Pact must go – or we Face a Future of Austerity and Pain
The EU’S Stability and Growth Pact is a weapon of its hegemon Germany to increase its grip on power. Emma Clancy works as a policy advisor for Sinn Féin and the European United Left (GUE/NGL) […]
Austerity
Stuart Medina, Manolo Monereo – Spain: (Monetary) Sovereignty or Barbarism
“In essence, the Eurozone has proved to be a clumsy experiment in monetary-fiscal schizophrenia that has undermined democratic control“ “The pandemic and its economic aftermath will expose in all its harshness the loss of democratic […]
Austerity
Bill Mitchell: The coronavirus crisis is just exposing the failure of neoliberalism
Each time this modern variant of financial capitalism gets ahead of itself, the main players – who are usually content pocketing excessive profits – always come running back for life support from the state. The […]
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Duroyan Fertl – COVID-19: The EU has failed a test of solidarity. The price will be more austerity – and worse
The European Union has been tested over its response to the COVID-19 pandemic – and it has been found sorely lacking. The resulting lack of vision, of solidarity in times of crisis, raises fundamental questions […]
Austerity
Heiner Flassbeck – Where Europe is Breaking Up
Germany’s Federal Constitutional Court can’t be blamed too heavily for flouting higher European law. The mindset of the country’s entire political elite needs further education on the function of sovereign indebtedness. Heiner Flassbeck is an […]
Austerity
Laurie Macfarlane – Corona Crisis: By Protecting Rentier Interests, we are making the Most Vulnerable pay for the Crisis
Covid-19 has sharpened the divide between landlords and tenants, and debtors and creditors. We all must ask: whose side are we on? Laurie Macfarlane is economics editor at openDemocracy, and a research associate at the […]
Austerity
Simon Wren-Lewis: Is the German Debt Brake the worst fiscal rule ever?
This is not about Anglo-Saxon economists telling Germany what to do. There are plenty of German economists who also see that the German debt brake makes no sense, and anyway economics is universal. The debt […]
Austerity
Phil Leeke – This is England: the sick man of Europe
A great weekend read. Do not be put off by the British context. Phil Leeke is a Faculty Member at the University of Liverpool, English Language Centre While a recent headline in the Telegraph newspaper […]