You Are Here: Home » Posts tagged "Italy" (Page 2)

Deposit Flight From Europe Banks Eroding Common Currency

The Deposit Flight Which Could Undermine the Euro By Yalman Onaran An accelerating flight of deposits from banks in four European countries is jeopardizing the renewal of economic growth and undermining a main tenet of the common currency: an integrated financial system. A total of 326 billion euros ($425 billion) was pulled from banks in Spain, Portugal, Ireland and Greece in the 12 months ended July 31, a ...

Read more

A different kind of Europe – Europeanism from below

Paolo Gerbaudo reports on the Routes of Europe conference in Florence, arguing that the Italian left must embrace the participatory democracy of the Indignados to achieve political purchase. The city of Florence is one of those privileged observation spots from which one can read the health of the Italian left and its international standing. Back in 2002 it was in this city that the first European Social Fo ...

Read more

Marshall Auerback: Anschluss Economics – The Germans Launch a Blitzkrieg on the Greek Debt Negotiations

By Marshall Auerback, a portfolio strategist and hedge fund manager   News stories continue to suggest that Greece once again appears on the verge of reaching a deal with its private sector creditors on how much of a loss they would be willing to accept on their bond holdings. The latest numbers suggest a 70% write-down. A pretty striking comedown for what is supposed to be a “voluntary default” and, h ...

Read more

How Austerity Is Killing Europe

On the last day of 2011, a headline in The Wall Street Journal read: “Spain Misses Deficit Target, Sets Cuts.” The cruel forces of poor economic logic were at work to welcome in the new year. The European Union has become a vicious circle of burgeoning debt leading to radical austerity measures, which in turn further weaken economic conditions and result in calls for still more damaging cuts in government s ...

Read more

Europe on the breadline: Greeks and Italians blame culture of corruption

In his final dispatch from breadline Europe, Jon Henley finds nepotism, bribery and systemic low-level corruption are as much to blame for southern Europe's crisis as anything else.           Jon Henley in Thessaloniki for It's the system, they say. It sucks you in, makes you complicit. You really have very little choice. It's everywhere, in every corner of your lif ...

Read more

© 2011 Powered By Wordpress

Scroll to top