Tag Archives: austerity

May 30 2017

How Portugal’s leaders exploited the bail out to pass measures they already supported

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By Catherine Moury and Adam Standring  During the Eurozone crisis, states receiving a bailout were required to implement spending cuts and other reforms in return for financial assistance. But to what extent did the governments of these states use the … Continue reading

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May 1 2017

Greece: any better times or more pitfalls ahead?

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By Lucas Juan Manuel Alonso Alonso In 2015, Greece, an EU state member since 1981 with a population of 10,846,979 people, recorded the highest level of GGD (General Government Gross Debt to GDP ratio) in the EU-28, at 176.9%. Concerning … Continue reading

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Mar 31 2017

We’ve triggered Article 50. Is this such a tragedy for Europe?

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By Mary Kaldor It is now possible that new governments in France and Germany will respond to civil society pressure and do what is needed to change the EU, without being blocked by Britain. This is a very sad day … Continue reading

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Mar 3 2017

The Economics of Brexit Needn’t Be Quixotic: Towards a Green Industrial Strategy for Britain

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By Afzal S. Siddiqui and Max Hänska “Fortune is guiding our affairs better than we ourselves could have wished. Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them. … Continue reading

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Nov 15 2016

European Union’s Key Figures

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by Lucas Juan Manuel Alonso Alonso With the objective to draw some conclusions about macroeconomic stability and economic structure, this article examines for the 28 Member States of the European Union, the following aspects: GDP and AIC per capita, General … Continue reading

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Jun 16 2016

Capitalism Today: The Austrian Presidential Election and the State of the Right and the Left in Europe

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By Christian Fuchs Europe Today – Capitalism Today Europe is in a crisis. Capitalism’s contradictions resulted in a new world economic crisis that exploded in 2008. Governments have bailed out banks and have protected the rich and transnational corporations, while … Continue reading

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Feb 18 2016

Socio-Economic reflections on the Euro Zone

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by Lucas Juan Manuel Alonso Alonso 1.Austerity Policy: Social Costs and Achievements Is it possible for Europe’s Mediterranean countries—considering the current and projected economic growth—to pay interest and debt amortization and, if so, at which cost? It would be interesting … Continue reading

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Oct 8 2015

Finnish competitiveness-raising policies and their discontents

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By Paul Jonker-Hoffren Although Finnish politics have been concerned about the country’s competitiveness for quite a while now, the public discussion reached a temporary climax with PM Juha Sipilä’s televised speech late September. In this widely discussed speech, he argues, … Continue reading

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Sep 25 2015

The Austerity Tortoise and the Keynesian Hare

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By Douglas Bulloch Nobel-Laureate-Paul-Krugman recently used his New York Times column to instruct Grandmothers on the best method for removing the contents of intact eggs (hint: with a straw). But his reductive account of Keynesian economics merely obliges a response … Continue reading

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Jun 7 2015

Greece – Deal or no deal? Parameters of a decision

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By Max Hänska It appears to me that much of the ongoing discussion about the Greek debt talks misinterprets the parameters of the challenge, and the resulting (irreconcilable) disagreement. Some economists attribute the standoff to the unwillingness of creditors to accept economic facts (Greece … Continue reading

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