Europe In Crisis
Ten years ago, I predicted the rise of a new form fascism in the United States and Europe, suggesting that the injustices and contradictions of the capitalist system were growing too large to be contained any longer by the existing liberal political order.
This month we are organizing a major international conference at The Fletcher School, "Greece's Turn? Litmus Test for Europe
A new financial crisis is brewing in Europe, one that will prove as devastating as the last economic crisis. This one will also be centered in southern Europe--only this time, instead of the sovereign debt of the region's governments, it will involve the commercial banking sector.
One gets the impression from reading the book that central bank policy is the outcome of petty squabbles between politicians
“It gives us a glimpse of what politics could be like along the lines of progressive renaissance,” Yanis Varoufakis said.
The critics of the financial reform Dodd-Frank Act are fond of saying that it doesn't work -- some going so far as to say that the financial system is just as much at risk as it was in 2008, if not even more so.
Europe's New Economic Divide: A key axis for Europe: free-market advocates in Western Europe ally with those in former communist countries
Eastern Europeans also point to their own performance after the 2008 crisis as evidence that Greece should accept austerity
The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.
Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.
The amount of debt forgiveness that Greece is able to obtain may be an indicator for how negotiations will go for the world's ecological debts in Paris.