As the world sinks into the deepest crisis in more than 100 years, we have had a succession of demonstrations of what is wrong with the structure of the European Union. Read here
Despite all the euphoric reports by the EU about a Greek economic recovery, it has always been clear that the Greek crisis will never go away and each time it returns, it will be worse. […]
As government spending surges and the economy contracts, the right says the poor must eventually pay through austerity; the left counters with proposals for higher taxes. But the true answer to “who should pay?” is: […]
Forget mutualised euro bonds. Only giant wealth transfers within the euro zone, and a cap on sovereign spreads, can reduce the shock to heavily indebted nations such as Italy over the long term. PierGiorgio Gawronski […]
From financialisation to structural oppression, Covid-19 is highlighting how dysfunctional our economic system really is. Fran Boait is Director of Positive Money Cross-posted from Positive Money Covid-19 has sent the world into turmoil. And in […]
Right now neo-liberals, while once again dolloping out trillions to corporations, are not talking about the day after corona, the trend to austerity is palpable. Germany has already declared that they want the corona deficit […]
Spain is undoubtedly the EU nation that will be hardest hit economically by the Covid-19 due to its dependence on sectors such as tourism and the virulence of the pandemic. Juan Carlos Barba is an […]
2020 is supposed to be a repeat of 2008: a massive redistribution of wealth to the 1%. And apparently no one told Mark Blyth that Wisconsin is the US state with the second highest percentage […]
John Weeks, SOAS, University of London In the months before the coronavirus pandemic, the devotion of many mainstream politicians to balanced budgets and austerity was waning. The likes of Germany and the US were looking […]
It is no secret that the Southern European nations have once again let themselves in for a bad deal with the EU. Carlos García Hernández is managing director of the publishing house Lola Books Originally […]
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