Posts Tagged ‘austerity’

Class warfare in Europe is getting ugly #noausterity

Posted: 2015/03/18 by Punkonomics (@dearbalak) in Links/Articles/Video
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via Costas Lapavitsas: The Syriza strategy has come to an end.

Tariq Ali said about this development:

The Troika decided today to debar Greece from going ahead with its anti-poverty projects. The Euro-elite is determined to use its economic muscle to humiliate Syriza politically. The response can only be to fight back, taking the people into confidence and a referendum. But till then capital outflows have to be stopped. Costas’ interview is very strong. There is no alternative left and capitulation must be unacceptable to a large majority of the base and one presumes the leadership.

Music_Sex_Pistols

Note: The term Troika, which comes from the Russian meaning ‘group of three’, was increasingly used during the eurozone crisis to describe the European Commission, International Monetary Fund and European Central Bank, who formed a group of international lenders that laid down stringent austerity measures when they provided bailouts, or promises of bailouts  for indebted peripheral European states – such as Ireland, Portugal and Greece – in the financial crisis.

The Confidential Memo at the Heart of the Global Financial Crisis | VICE United Kingdom.

Beyond Deficit Scare-Mongering | Dollars & Sense

Posted: 2013/07/02 by Punkonomics (@dearbalak) in Uncategorized
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http://dollarsandsense.org/archives/2013/0313frank.html?utm_content=benjamin.balak%40gmail.com&utm_source=VerticalResponse&utm_medium=Email&utm_term=Ellen%20Frank&utm_campaign=Keeping%20you%20ahead%20of%20the%20curvecontent

Whose Housing Recovery? | Dollars & Sense.