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A new ‘fiscal’ currency to tackle the Eurocrisis, from Greece to Italy

Enrico Grazzini To overcome the crisis the new Greece’s Minister of Finance Yanis Varoufakis is considering a new national ‘fiscal’ currency to that proposed for Italy by myself and my colleagues Luciano Gallino, Biagio Bossone, Marco Cattaneo, Guido Ortona, Stefano Sylos Labini (Helicopter Money per l’Italia: uscire dalla crisi con l’emissione di nuova moneta statale-fiscale complementare … Continue reading

Greece’s new government, Tsipras and the issue of sovereignty

Why did Syriza choose the Independent Greeks as coalition partner? And how will the other Eurozone countries react to the new Government in Athens? Jacques Sapir explains Syriza has won and secured 149 seats in the Greek parliament. Alexis Tsipras, its charismatic leader, is the big winner of the elections this Sunday, January 25th. Many people … Continue reading

Without a national currency there is no democracy

Enrico Grazzini explains how Italy can save itself from Euro death Europe, and especially in Italy, is still struggling to understand the crucial value of money in the economy, politics and democracy. Unfortunately, the error is shared by much of the left. Everyone understands (at least apparently) that there is no political democracy without a democratic … Continue reading

Why has the EU’s political revolt been confined to Greece and Spain? 

Paolo Gerbaudo Amid a worsening economic crisis, a look at the protest movements that are struggling against austerity could be described as a two-speed.Europe  An expression abused by economists and political scientists talking about the different levels of economic productivity and political integration of European countries, it also captures well the distance between countries where … Continue reading

Is Russia isolated? Unpicking the politics of anti-Putinism

The reports in the French and British press of the G20 held in Australia presented a Putin supposedly isolated by the international community. This is a textbook example of the manipulation of information and misinformation, argues Jacques Sapir. It is not the “international community” that has sought to isolate Vladimir Putin, but the United States … Continue reading

Austerity suicides rise in depression Italy

Italy’s dire economic crisis has led to a 60% rise in suicides, underlying the heavy price people are paying for austerity policies designed to benefit the 1%. In 2012, there are 402 suicides linked to economic problems. This includes 184 business people and 168 unemployed, 35 employees and 8 pensioners. This year alone, in the first … Continue reading

In Spain, corruption is the system

By Eddie Sanchez The wave of arrests of mayors and institutional and business leaders this week indicate ​​the extent of corruption in our country. This is not about isolated behaviour, corruption is linked to our economic and political system and its collapse reveals the stark reality of it. We have a structural problem, related above all … Continue reading

Fiscal stimulus or monetary laxity: Germany must choose 

By Duval Guillaume In Europe, ever more monetary laxity is necessary because Germany refuses fiscal stimulus, even though the latter approach is preferable. On 4 September the European Central Bank (ECB) not only lowered again the interest rate at which it lends to banks to 0.05%, but it has also launched a major programme of … Continue reading

The European Commission, the autopilot for neo-liberal policies 

By Bernard Cassen The first concern of any institution is to perpetuate its existence and expand its areas of intervention. In the latter case, such an ambition usually encounters forces and structures that do not intend to be deprived of all or part of their territory and their prerogatives. When these forces and structures do … Continue reading

France needs to rediscover an independent line on Israel-Palestine conflict

For the sake of peace, Socialist Francois Hollande needs to rediscover the independent foreign policy of earlier French presidents in its approach to the Israel-Palestinian conflict, argue four left lawmakers*.  From General De Gaulle to Jacques Chirac, passing by François Mitterrand, our country had always shown the voice of reason [on Israel and Palestine], which is … Continue reading

#WW1 : 100 years on capitalism is still the driving force for war

By Domenico Moro This year marks the centenary of the First World War, which began with the signing of the declaration of war by the Emperor Franz Joseph of Austria on July 28, 1914. For the first time in history, and after a hundred years of relative peace, all major powers were involved in a … Continue reading

What’s not been said about the new BRICS bank

Vicenç Navarro* The history of disasters (and there is no other way to define the consequences of their policies) created by the International Monetary Fund (IMF) is long. This institution, which in its current configuration aims to defend the interests of finance capital (ie the banks) at the expense of the interests of the countries supposedly … Continue reading

EU, the Grand Coalition and austerity. Where does Italy’s Renzi stand?

The choice of Juncker as the next president of the European Commission is in total continuity with the harmful policies of rigor imposed in recent years by the Troika. The Italian prime minister on the one hand seems to beat his fists against the diktats of Berlin, on the other hand make us believe – … Continue reading

Inequality and corruption threaten democracy

By Guido Rossi* The widespread perception that corruption has permeated the entire political, economic and social development of Italy in ways more serious than ever before, seems to have two obvious causes. The first is that it is a consequence of the decline of the existing order and the Italian political institutions; the second is … Continue reading

French left goes Greek

France’s left is in a sorry state. It took a bashing in local elections in March and then European elections in May. The ruling socialists plunged to an all time low of less than 14%. The radical Front de Gauche, comprising the communists and other leftists like Jean Luc Melenchon, polled just 6.3%, down from … Continue reading

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