It is with profound regret, and after much reflection, that I am pulling out as a speaker at an interesting and worthy international conference organised by TRT World in Istanbul on 21st October. I do so in protest of the Turkish armed forces’ invasion of Northern Syria. The ongoing invasion is not only an assault […]
This morning, in Greece’s Parliament, MeRA25’s parliamentarians are staging an all-out struggle against the ratification of disastrous contracts between the previous (SYRIZA) government and multinational oil companies. The contracts to be ratified give the companies (including Exxon-Mobil and Total) full licence to drill, extract and exploit gas & oil reserves across Greece’s beautiful seas (Ionian, […]
ATHENS – During his tenure as President of the European Central Bank, Mario Draghi forged a variety of weapons that he deployed to shield the eurozone from menacing deflationary forces. Without them, the euro would have been history. However, the deflationary specter haunting Europe was never truly defeated and is now back with considerable vengeance. In the […]
Mark Carney, Governor of the Bank of England, recently said that we need a new international currency unit to replace the US dollar. In this BBC World Service program, I was asked what I thought of the idea. For more of a background to my answer click here. (For the whole BBC program, click here.)
The International Monetary Fund’s latest $56 billion loan to Argentina is at risk of failing again. The Argentinian peso has slumped and opposition leader Alberto Fernandez wants to ditch the austerity conditions attached to IMF bailouts that have so far failed to reduce inflation, stabilise the currency or halt recession. The Washington-based multilateral organisation monitors […]
This morning, in Greece’s Parliament, MeRA25’s parliamentarians are staging an all-out struggle against the ratification of disastrous contracts between the previous (SYRIZA) government and multinational oil companies. The contracts to be ratified give the companies (including Exxon-Mobil and Total) full licence to drill, extract and exploit gas & oil reserves across Greece’s beautiful seas (Ionian, […]
The left-wing party’s embrace of austerity created the conditions for a parasitic and cruel oligarchy to return The Greek right is back: greedier, uglier and more focused than ever. The incoming New Democracy government is determined to reclaim full control of the state on behalf of the most parasitic segment of Greece’s oligarchy and, of course, of […]
