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European states are using the example of Greece to justify unpopular domestic reforms.

European states are using the example of Greece to justify unpopular domestic reforms. | Money problems and third world problems | Scoop.it

In the second of two articles on the Greek crisis as a ‘trope’, Daniel M. Knight writes that the Greek crisis has become a metaphor which many commentators use as a ‘shock tactic’ to press agendas of reform or austerity across Europe. This rhetoric simplifies the effects and intricacies of the crisis on the ground in Greece and ignores its relationship with past crises in Greek history.


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Growing Up In The World's Deadliest City

Growing Up In The World's Deadliest City | Money problems and third world problems | Scoop.it
Thanks to a truce in the drug wars, Ciudad Juárez, Mexico, for the first time in years, no longer has the world’s highest murder rate. But for a generation that grew up around constant...
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Crisis in the Eurozone, Part I – the fundamental unevenness between core and periphery!

Crisis in the Eurozone, Part I – the fundamental unevenness between core and periphery! | Money problems and third world problems | Scoop.it

A concise and clear review from Andreas Bieler of 'Crisis in the Eurozone' edited by Costas Lapavitsas et al. Looking at why the eurozone is in its current turmoil, this review highlights the structural deficiencies at the eurozone's inception which have played a vital role during this current conjuncture.


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This is a European suicide pact

This is a European suicide pact | Money problems and third world problems | Scoop.it

In "normal times" fiscal consolidation would lead to a fall in debt-to-GDP ratios, but in the current circumstances it is likely to be self-defeating for the EU collectively. By, Jonathan Portes.


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After capitalism: 'Transform money and credit into instruments that serve people' - video

After capitalism: 'Transform money and credit into instruments that serve people' - video | Money problems and third world problems | Scoop.it

Economics professor Costas Lapavitsas argues that a world after capitalism would see money and credit move from being instruments that reinforce inequality into being tools for genuine public service...


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EU and IMF agree tentative deal to cut Greek debt

EU and IMF agree tentative deal to cut Greek debt | Money problems and third world problems | Scoop.it
Agreement should see release of up to €44bn in bailout funds needed to rescue Athens from insolvency...

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Greece’s Bogus Debt Deal

Greece’s Bogus Debt Deal | Money problems and third world problems | Scoop.it

The process of official forgiveness of Greek debt has begun, with the debt/GDP ratio targeted at 124% in 2020, down from roughly 200% today. By, Ashoka Mody


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Jamie Jordan's curator insight, December 17, 2012 11:53 AM

Best bit a little later in the piece, where Mody gives some quick figures about how wrong the IMF has been with projections.

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Trade unions, free trade and the problem of transnational solidarity

Trade unions, free trade and the problem of transnational solidarity | Money problems and third world problems | Scoop.it

Tensions between European trade unions and unions from the Global South over international free trade developed into an open confrontation during the talks over the revival of the WTO Doha round in 2008. In this post, Andreas Bieler, Professor of Political Economy at the University of Nottingham, looks at ways to overcome these problems.


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Jamie Jordan's curator insight, December 18, 2012 1:07 PM

Drawing upon a wide range of sources, and his own work, Prof Bieler highlights some of the most important challenges facing Trade Unions, and the need to build transnational solidarity between the Global North and South.

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Amid scars of past conflict Spanish far right grows

Amid scars of past conflict Spanish far right grows | Money problems and third world problems | Scoop.it
Newsnight's Paul Mason visits Valencia in Spain, where wounds inflicted in the Franco era are in danger of re-opening as the financial crisis continues to bite.

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Jamie Jordan's curator insight, December 18, 2012 2:19 PM

A superb piece of journalism from Paul Mason about how economic austerity is sowing the seeds of far-right growth in Spain. The spectre of Fascism in Europe is once again slowly bubbling away, progressive forces must act now to halt this march. 

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Did the Bankers Do It?

Did the Bankers Do It? | Money problems and third world problems | Scoop.it

Bankers’ political tin ear in the aftermath of the crisis – first taking public bailouts and then paying themselves huge bonuses as if nothing had changed – ensured that they got the lion’s share of the blame. By, Raghuram Rajan


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Jamie Jordan's curator insight, December 21, 2012 12:30 PM

Good piece attempting to widen the scope of analysis surrounding subprime mortgage lending, where it came from, and what it means in the current political economic climate.

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The desire to blame Greece for the eurocrisis ensures that the Greek people pay the price, while the elites responsible get away free.

The desire to blame Greece for the eurocrisis ensures that the Greek people pay the price, while the elites responsible get away free. | Money problems and third world problems | Scoop.it

In the first of two articles on the Greek crisis as a ‘trope’, Daniel M. Knight writes that Greece now finds itself subject to a narrative of blame from the countries of the European north, with the Greek people portrayed as the cause of the eurozone crisis, rather than as victims. He argues that this narrative, alongside new waves of austerity, is helping to create a tangible sense of destitution and persecution among the Greek people.


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Jamie Jordan's curator insight, January 11, 2013 12:46 PM

One of the best things I have read on the eurozone crisis

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European states are using the example of Greece to justify unpopular domestic reforms.

European states are using the example of Greece to justify unpopular domestic reforms. | Money problems and third world problems | Scoop.it

In the second of two articles on the Greek crisis as a ‘trope’, Daniel M. Knight writes that the Greek crisis has become a metaphor which many commentators use as a ‘shock tactic’ to press agendas of reform or austerity across Europe. This rhetoric simplifies the effects and intricacies of the crisis on the ground in Greece and ignores its relationship with past crises in Greek history.


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The never-ending banking story

It’s a never-ending story.  The global banking sector remains deep in the sludge of scandal, corruption and mismanagement.  It continues to fail in its supposed purpose, namely to provide liquidity and credit to households to buy ‘big ticket’ items (or even cover monthly outgoings) and to businesses to enable them to pay for working capital and investment to grow. And yet in 2012, bank share prices have rocketed by over 25%, more than the booming stock market indexes.


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3 Things You Should Know about Mali and the International Criminal Court

3 Things You Should Know about Mali and the International Criminal Court | Money problems and third world problems | Scoop.it
Mali is currently facing its most serious humanitarian and human rights crisis since its independence in 1960, with myriad rights abuses rampant, amounting to what may become charges of war crimes and/or crimes against humanity.

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Chomsky: Corporations and the Richest Americans Viscerally Oppose Common Good

Chomsky: Corporations and the Richest Americans Viscerally Oppose Common Good | Money problems and third world problems | Scoop.it
The Masters of Mankind want us to become the "stupid nation," in the interests of their short-term gain -- damn the consequences.
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Crisis in the Eurozone, Part II – progressive ways out of the crisis!

Crisis in the Eurozone, Part II – progressive ways out of the crisis! | Money problems and third world problems | Scoop.it

A follow up post from Andreas Bieler looking for solutions to the current eurozone situation.


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The anticapitalist transition in Europe

This post will look at the anticapitalist transition from three perspectives: first, the basis for European anticapitalist politics in real dilemmas posed by the breakdown of the social structure; second, the forms of resistant politics generated by the current phase of crisis; and third, the ‘utopian moment’ in the development of these forms, and how they can be articulated to a practical process of transition. By, Richard Seymour.


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The Greek Left and the Rise of the Neo-Fascist Golden Dawn, by Panagiotis Sotiris

The Greek Left and the Rise of the Neo-Fascist Golden Dawn, by Panagiotis Sotiris | Money problems and third world problems | Scoop.it

An absolutely must-read from Panagiotis Sotiris concerning the rise of the Fascist Golden Dawn in Greece.

 

For the past months there has been an intense debate both in Greece but also in international media regarding the rise of the neo-fascist Golden Dawn in Greece. The reason is obvious: for the first time in a European Union (EU) country a political party that in contrast to most of the varieties of the European far Right does little to hide its openly neo-nazi ideology and the culture of the nazi street gang that has been its trademark since the 1990s, has been one of the rising political forces.


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Italy’s political system is on the brink of dramatic pulverisation

Italy’s political system is on the brink of dramatic pulverisation | Money problems and third world problems | Scoop.it

Michele Prospero writes that the Italian political system is increasingly vulnerable to the onslaught of a myriad of anti-political and populist candidates that are completely incapable of guaranteeing


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Greek Debt Buyback – another sad verdict, surrounded by much merriment

Greek authorities have announced that the Dutch auction has produced offers of 31.9 billion worth of (post-PSI) Greek government bonds at an averaged price of 33.8% of face value. The Greek media, as is their wont, are celebrating the success of the buyback (just as they were celebrating the successful PSI last February and all the loans that Greece received in the past three years). Is there a foundation for these celebrations? None whatsoever. By, Yanis Varoufakis


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Jamie Jordan's curator insight, December 17, 2012 12:21 PM

A bleak assessment about the immediate future for Greece, with the future demise of the current programme forecasted.

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Eurozone Austerity Policies Will Spark New Crisis in 2013

Professor Costas Lapavitsas of SOAS, University of London, explains why he thinks that continued austerity in the Eurozone will spark another economic crisis in 2013.


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Jamie Jordan's curator insight, December 19, 2012 1:04 PM

The excellent Prof Costas Lapavitsas, who has been a refreshing voice during the crisis with his incisive analysis, looks ahead to 2013. Will he be proven right, only time will tell.

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Uncertainty and insecurity have pushed Greek society to its limits, and there is no improvement in sight.

Uncertainty and insecurity have pushed Greek society to its limits, and there is no improvement in sight. | Money problems and third world problems | Scoop.it

The eurozone crisis has had a profound effect on Greek society. Drawing on in-depth interviews with a cross-section of Greek citizens, Athanasia Chalari finds that the combination of harsh austerity measures and a dysfunctional state has created a social reality in Greece that is characterised by anger, disappointment, and an extreme pessimism about the future.


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Jamie Jordan's curator insight, December 21, 2012 12:05 PM

Excellent piece of analysis from on-the-ground interviews vividly highlighting the dire socil consequences of the current crisis afflicting the eurozone.

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Banking: business as usual

Banking: business as usual | Money problems and third world problems | Scoop.it
It’s back to business as usual for the global banking system.  After years of deliberation and lobbying by international banks, the Basel Committee on Banking Supervision, headed by outgoing ...

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Jamie Jordan's curator insight, January 8, 2013 11:20 AM

Michael Roberts demonstrating that the banking industry has been let off the hook after the financial crisis. 

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Reflections on the Eurozone crisis: austerity, neo-liberal restructuring and resistance.

Reflections on the Eurozone crisis: austerity, neo-liberal restructuring and resistance. | Money problems and third world problems | Scoop.it

Over the last 14 months, I have published several posts dealing with aspects of the Eurozone crisis and the struggle against the imposition of austerity across Europe. In this post, I will bring them together in one narrative. My general focus is on uneven and combined development in Europe as the underlying structural dynamic of the crisis, neo-liberal restructuring and its limits, the move towards authoritarian government as well as issues of resistance in the European core and periphery.


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Jamie Jordan's curator insight, January 29, 2013 12:28 PM

An excellent round-up of innovative posts about the eurozone crisis. A must for anyone who wants to understand how we got here, why, and what may need to happen to take things in a different direction.

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Spain’s labour market reforms are unlikely to lead to economic growth or a drop in unemployment

Spain’s labour market reforms are unlikely to lead to economic growth or a drop in unemployment | Money problems and third world problems | Scoop.it

In early 2012, Spain introduced labour market reforms aimed at boosting competitiveness and economic performance. Bob Hancké looks at recent claims that these reforms have started to boost the Spanish economy, finding that they may have boosted productivity at the expense of weaker companies that have been affected by the crisis. He writes that as long as productivity growth outstrips economic growth, it is unlikely that unemployment will fall.


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Ansar Dine and How Climate Change Contributed to the Algeria-Mali Crisis

Ansar Dine and How Climate Change Contributed to the Algeria-Mali Crisis | Money problems and third world problems | Scoop.it
Juan | Africa, al-Qaeda, Environment (RT @jricole: Ansar Dine and How Climate Change Contributed to the Algeria-Mali Crisis http://t.co/ZTpOsjnx)

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