While European mainstream media has been euphoric concerning Greece´s exit from the beialout programme it was subjected to. The results are catastrophic:
-500k people, mostly young, emigrated
– Unemployment hit 27.8% (still >20%)
– Youth unemployment reached 60% – Economy shrank by 25%
– Debt/GDP ballooned to 180%
– Suicide & depression rates rose sharply
The EU is about to adopt new rules that will help trade in securitised loans, the very financial instruments that were a main cause the 2008 financial crisis. Despite warning signs of a new ‘subprime […]
This is the future being offered by coalitions between the far right parties and Greens: Fascists on bicycles Read here
The scale of state failure in Turkey is just as striking as the natural disaster. Read the article HERE.
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