Greece

“There are red lines in the sand that will not be crossed,” Greek Prime Minister Alexis Tsipras said just weeks ago as he began the … Greek debt disaster bodes ill for daily lifeRead more

Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and … “Guerrilla Warfare Against a Hegemonic Power”: The Challenge and Promise of GreeceRead more

Greece Rejects the Troika. Where Do We Go From Here? Just after 7 PM Greek time on Sunday, I was told that the “No” vote … Why No Means YesRead more

The usual narrative of the Greek economic tragedy is that the country is paying for its past profligacy, but there is deeper back story of … Behind the Greek CrisisRead more

After having launched a Referendum to refute and refuse the debt bailout agreement put together by the Troika, Prime Minister Tsipras together with his newly … An Act of Treason against the Greek PeopleRead more

A freshly released IMF’s World Economic Outlook brings (yet again, for the sixth year in a row, and for the third time this year only) … Greece’s 1953 Write-off of Germany’s War DebtRead more

The Financial Attack on Greece: Where To From Here? The major financial problem tearing economies apart over the past century has lain more with official … EU Infrastructure Undermines SovereigntyRead more

Ahead of the payment of €462 million by Greece to the IMF on Thursday 9 April, figures released by the Jubilee Debt Campaign show that … IMF has made €2.5 billion profit out of Greece loansRead more

The Greek debt crisis saga continues with no resolution in sight. As expected, the European leaders rejected a last-minute proposal by Alexis Tsipras, Prime Minister … The Never Ending Saga of Greece’s Debt CrisisRead more