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The euro crisis and contradictions between countries in the periphery and centre of the European Union

The crisis that started in the United States in 2007-2008, hit the European Union head on in 2008, and has been causing major problems in the eurozone since 2010. [1]| Banks from the strongest European countries are responsible for spreading this plague from the United States to Europe, because they had invested massively in structured financial products. It is important to explain why this crisis has struc ...

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Back to a feudal Europe

Are the economic policies needed to maintain the euro still compatible with democracy? Greece’s state broadcaster was established after the fall of the military dictatorship. Last month the Greek government (which is implementing EU injunctions) decided to shut it down without authorisation from parliament (see Where Syriza stands). ...

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It’s high time IMF ceases to exist and the Greek government resigns

You can find the recent report from IMF on Greece here: Link [pdf] Some read the recent IMF report on Greece as a mea culpa for its mistakes in the Greek bailout. We see it differently. You can say sorry for an unintended mistake, a miscalculation. The case we have here is not an accident. IMF’s inhumane and otherwise ineffective policies are not, as IMF asserts, the result of a methodological error, simply ...

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The Inequality Machine – The Tyranny of the One Percent

Some revelations come as little surprise. It’s not really news that some politicians love money and like to spend time with those who have lots of it. Or that they sometimes behave like a caste that is above the law. Or that the tax system favours the affluent, and that the free circulation of capital enables them to stash their cash in tax havens. ...

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