Sustain Our Earth

As the euro crisis wears on, the tough austerity measures implemented in ailing member states are resulting in serious health issues, a study revealed on Wednesday.

What is happening in Greece is typical of what I call a new war. Dramatic cuts in public spending weaken state capacity and further erode trust and legitimacy, providing a space for a combination of criminality and extremist politics. Such a combination is self-reproducing, since those involved profit from disorder. It is thus very difficult to end or to contain and a new type of predatory political economy that knows no formal borders comes into being.