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Eurozone

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Lies, damn lies and French bankers…

French bankers were second only to their German counterparts in the Eurozone as beneficiaries of public handouts to save them in the wake of the banking crisis, a crisis they caused. Now, 10 years on from receiving the mega government cheque, they are pedalling the myth the whole saga was costless; that the French people … Continue reading

Costas Lapavitsas: “Syriza has failed. We must fight the EU and the power of Germany”

For the Greek economist, the single currency has simply allowed Berlin to dominate the European market and to become a global exporter country: “The Euro was a disaster”. And on Greece he adds: “Syriza shows us what we should not do and how we should not organize ourselves. Those who want to change things from … Continue reading

Behind the Macron reforms: the Euro!

By Jacques Sapir While the first round of parliamentary elections is now fast approaching, while the polls promise a large majority to the President and his party La République en Marche, various leaks concerning the labour reforms that will be decided this summer are beginning to raise a legitimate emotions [1]. Indeed, in addition to … Continue reading

ECB at the service of private interests

By Odalys Padrón* Europe has a long democratic tradition. Athens in the VII to V centuries B.C., evolved from an oligarchy, rule by the few, to a democracy, government by the people. This achievement was brought about by the people through countless popular rebellions. It was not a full democracy, since slavery endured and women … Continue reading

The two scenarios now facing Greece

By Sergio Cesaratto The victory of ‘no’ opens two scenarios. The most likely is the further effort by the Syriza-led government to reach a new agreement with the Troika, but it is not clear why it should be given something that had not been given before. The financial upheaval of recent days may be such as … Continue reading

The significance of Tsipras’ visit to Moscow

By Jacques Sapir Alexis Tsipras, the new Prime Minister of Greece will be in Moscow April 8. The following day, Greece must make a payment to the International Monetary Fund. The statements by Greece’s Minister of Finance does are unambiguous: Greece will honour its debts. [1] But on April 14, the Greek government must simultaneously … Continue reading

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