Posted on 05 June 2013. Tags: Austerity, Greece, International Monetary Fund
To the list of institutions and individuals who totally screwed up the global economy — and the lives of tens of millions of people — let us now read the mea culpa of the International Monetary Fund. But, this isn’t a mea culpa in the sense of “we didn’t understand”. It’s an admission of “we didn’t care what other people said, we didn’t listen, we did what we wanted and none of us will pay the price”. The fucking arrogance.
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Posted on 04 February 2013. Tags: Austerity, Greece
I don’t know whether anything will make the austerity mongers around the world — from Wall Street, to the halls of the political leadership — stop for a moment and think, “what the hell are we doing?” Long unemployment lines don’t make them pause. So, if people freeze to death or shiver through cold weather because they can’t pay heating bills, will that matter? Welcome to the reality in Greece.
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Posted on 18 October 2012. Tags: Austerity, Greece
Austerity has to be fought. And at least the Greeks have the gumption, along with a measure of desperation, to pack the streets.
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Posted on 22 August 2012. Tags: Austerity, Australia, Europe, Greece, Productivity, Spain
Austerity is a bad thing. As I’ve pointed out before, when an economy is suffering from lower demand, the last thing you want to do is squeeze the pocketbooks of the very people who you want to have out there spending money. But, here’s another thing: it makes you sick. Literally.
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Posted on 06 October 2011. Tags: Austerity, Catfood Commission, Debt, Deficit, Depression, Europe, Fiscal Stimulus, General Strike, Greece, Jobs, United Kingdom, Working Life
Greeks have taken a big part of the brunt in Europe because of the preying on its country by banks and international institutions. Essentially, the failed strategy has been all about AUSTERITY: shrink the economy even more in return for not…plunging the economy even deeper. The people in Greece have had enough–and they’ve [...]
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Posted on 29 June 2011. Tags: Andrew Cuomo, Austerity, Class Warfare, Greece, Strikes
So, I remember from history books the great lessons learned from the Greeks, starting with democracy, no? Time to follow them again: Greeks walked off the job for 48 hours on Tuesday, a day before Parliament is to vote on unpopular austerity measures that are deemed critical to unlocking international financial support. After [...]
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