Demagaga

In the wake of the financial crisis that paralyzed the world economy in 2008 and which wrought financial chaos on the euro zone, no European nation is featured in the news as much as Greece, the beleaguered and heavily-indebted Mediterranean state that has watched its society collapse as the state’s ability to combat social ills [...]

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Austerity and its effects on Greek society have caused many disaffected youth to seek political solutions to their social ills, a trend that Greece’s far-right Golden Dawn party is exploiting to the worry of many progressive Greeks.   Armed with a nationalistic and anti-immigrant message, the Golden Dawn promises unemployed youth an outlet for their [...]

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A speech that was to be delivered by United Kingdom Prime Minister David Cameron but was canceled due to a hostage crisis in Algeria warns that Britain could leave the European Union if reforms to the EU’s present form of governance are not pursued according to excerpts released on Friday, January 18. His speech, which was to be [...]

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The move comes from the coalition government in Greece’s parliament in order to appease creditors to the debt-ridden state as part of its bailout agreements. The law raises taxes on top earners, simplifies tax brackets, and extends income taxes to farmers. As part of its $45.5 billion bailout, Greece has to pass such laws even [...]

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The issue of European economic troubles will be addressed at the upcoming G20 summit in Mexico City, Mexico. The crisis with the euro and the implosion of sovereign debts in Greece and elsewhere present strong impediments to the growth of the world economy. Additional issues to be addressed at the meeting include China’s unwillingness to [...]

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Doctors going unpaid for months. Legions of unemployed swamping benefits offices across the country and a situation in which even the employed are not receiving money. Such is the state of Greece, a society in ‘free fall’ ever since the financial crisis began. [Yahoo News]

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Recently released from Greek prison, Kostas Vaxevanis, the infamous editor that published the ‘Lagarde List’ that named Greece’s richest who allegedly had not paid taxes, calls the Greek government nothing more than a corrupt clique ‘in the thrall of businessmen.’ [The Guardian]

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The bailout of Greece and the sovereign debt crisis in Spain has called into question the long-held notion that a federal Europe was all but an inevitability. Will problems of collective action ultimately doom one of history’s most ambitious political experiments? Will the affluence of the North and the dereliction of South sunder apart a [...]

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The Economist asks why Spain has not yet taken full advantage of the bond buying scheme announced by European Central Bank President Mario Draghi, a plan that was designed specifically to aid countries in Spain’s economic condition. Spanish Prime Minister Rajoy’s reluctance to admit Spain’s need for a bailout has complicated the ability of the [...]

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Francois Hollande, fresh off of his victory over former French President Nicolas Sarkozy, declared during the campaign that the ‘world of finance’ is his enemy and now he has a chance to make good on his promises to dilute the power of the financial sector in French politics. Among his proposals include increasing taxes on [...]

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