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Austerity.

The Wild Ride Gets Wilder - Only Government Spending Can Fix This

Dave Johnson | Posted 08.24.2015 | Business
Dave Johnson

This is inequality: a ton of money at the top, everyone else hunkered down just trying to get by (or not getting by), forced to spend very little. Companies are afraid to expand if no one is spending. The result is poor demand to guide the way to safe investment.

Joseph Stiglitz: How "Deep-Seatedly Wrong" Economic Thinking Is Killing Greece

Lynn Parramore | Posted 08.24.2015 | World
Lynn Parramore

The insistence on keeping wages down, stripping away bargaining power from workers, forcing small business owners to pay taxes a year in advance, and cutting pensions will only hamper demand and lead to a deepening spiral of debt.

5 Ways To Address Puerto Rico's Debt Crisis

Maru Gonzalez | Posted 08.12.2015 | Politics
Maru Gonzalez

Because of Puerto Rico's colonial status, the island's residents have never had any say over the imposed U.S. economic, trade and monetary policies which contributed significantly to the current economic crisis. So why are they now being asked to shoulder the bulk of the burden through austerity?

27 Powerful Pieces Of Graffiti That Paint Greece's Frustration Amidst Crisis

The Huffington Post | Sara Elkamel | Posted 08.08.2015 | World

Greece’s debt crisis reached new heights last month as the government in Athens and the country's international creditors engaged in contentiou...

The Euro Is In Trouble. But Romania Still Wants In.

The Huffington Post | Daniel Marans | Posted 08.07.2015 | World

The extraordinary political and economic turbulence of the Greek debt crisis has prompted widespread speculation that other European countries will no...

The Return of the Ugly German

Joschka Fischer | Posted 07.24.2015 | World
Joschka Fischer

BERLIN -- At its core, the criticism articulates an astute awareness of Germany's break with its entire post-WWII European policy. Germany's stance on the night of July 12-13 announced its desire to transform the eurozone from a European project into a kind of sphere of influence.

Senator: Germany Has 'Damaged' Europe To Help Big Banks At Greece's Expense

The Huffington Post | Zach Carter | Posted 07.23.2015 | Politics

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) says the German government has refused to take responsibility for its biggest banks, whose reckless lending ...

Wolfgang Schauble, the Hero of the Greek Austerity Crisis?

Dean Baker | Posted 07.20.2015 | Business
Dean Baker

Like many people following the negotiations between Greece and its creditors, I was inclined to see Wolfgang Schauble, Germany's finance minister, as the villain of the story. Schauble did not argue for throwing Greece out of the euro simply as a punitive measure, although he quite obviously disapproved of the way Greece had run its budget and its economy.

Ben Bernanke Criticizes Europe Over Greek Debt Crisis

The Huffington Post | Daniel Marans | Posted 07.20.2015 | Business

Former Federal Reserve Chair Ben Bernanke said Friday that the “failure of European economic policy” played a significant role in the Gre...

What If Germany And Greece Switched Places?

Sebastian Christ | Posted 07.17.2015 | World
Sebastian Christ

Germany in 2015 is a nation full of self-righteousness. The Greek crisis has produced in the country an unpleasant strain of chauvinism vis-à-vis other nations, rooted in the belief in our own exemplarity: We work harder. We're more successful. We're more frugal.

Soulless Economics

Robert Koehler | Posted 07.16.2015 | Politics
Robert Koehler

An allegedly impersonal economic structure, which quietly benefits the infinitesimally few who have far more than they need, is no foundation for our future.

Greece -- Capitalism's Latest War on Democracy

Alexandros Orphanides | Posted 07.16.2015 | World
Alexandros Orphanides

Faced with continued despair, the people in Greece will continue to do as people have done all over the world when faced with such inhumane treatment: they will live, they will organize, they will protest, they will survive and carry the burden of humanity.

Who's Afraid of Greek Growth?

Dimitris Thomakos | Posted 07.16.2015 | World
Dimitris Thomakos

With a view geared towards only debt repayments, additional taxes have been levied to the battered Greek economy and even more are coming. Which raises the question: Who's afraid of Greek growth?

Debt and Austerity in Greece, Puerto Rico, Detroit: The Bankers Are in Charge

Richard Brodsky | Posted 07.16.2015 | Politics
Richard Brodsky

There's a lot of unrepayable municipal and private debt out there, and there will be more Detroits and Puerto Ricos to reckon with. We have to face up to a miserable dilemma: Who suffers when governments can't repay the money they borrowed?

Former Greek Finance Minister Calls Bailout Deal Reforms 'Fiscal Waterboarding'

The Huffington Post | Nick Robins-Early | Posted 07.15.2015 | World

Former Greek finance minister Yanis Varoufakis published a blog on his website Wednesday providing a line-by-line takedown of the July 12 Euro Su...

Greek Parliament Approves Austerity Bill

Associated Press | Eline Gordts | Posted 07.16.2015 | World

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Former Exchange Student to Brazil: Government Should not Sacrifice Education and Research in Austerity Push

Travis Knoll | Posted 07.15.2015 | World
Travis Knoll

The Brazilian legislature has found the money to triple allocations toward their political campaigns. Surely these same caretakers of the Brazilian republic can find the money to keep Brazilian higher education on the path of scientific innovation, international competitiveness, and social advancement.

When the Lights Went Out in New York: A Tale of Two Nights

Phillip Martin | Posted 07.14.2015 | Politics
Phillip Martin

Thirty-eight years ago this week, the lights went out in New York City. Chaos ensued. But the nature of the disruption was far from simple. This week, PBS's American Experience chronicles and deconstructs that intense 1977 experience.

As Greece Struggles to Remain in the Eurozone, What Lessons Can Ghana Take

Juliet Asante | Posted 07.14.2015 | World
Juliet Asante

As Greece teeters on making history, whether it stays within or exits the Eurozone and what may follow, its many lessons are out there for us to potentially learn from.

A Postcard From Greece: The Everyday Effects of Austerity on a Desperate Nation

David R. K. Adler | Posted 07.14.2015 | World
David R. K. Adler

Recessions make ghosts--ghosts of industry past, ghosts of supermarkets past, ghosts of tenants and their dream condos past. And Greece, in the midst of an economic crisis worse than the Great Depression, is full of them.

The Greece Bailout: A Dangerous Game of Jenga

Sara Zervos | Posted 07.14.2015 | World
Sara Zervos

Today's headlines regarding the latest Greek bailout do not bode well for political stability in Europe, and the future of the Eurozone. The nature of the bailout can also affect the rest of us around the world. To understand why, we need to go back to the beginning.

Greece's Debt, a New Monetary System, and the Climate Negotiations in Paris

Mike Sandler | Posted 07.13.2015 | World
Mike Sandler

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.

Understanding the Greece Crisis, in Family Terms

Sara Zervos | Posted 07.11.2015 | World
Sara Zervos

Our family dynamics can give insight into the dilemmas the various constituents face within the European situation as pertaining to Greece.

Daniel Marans

Dominique Strauss-Kahn's Surprisingly Prescient Plan For Greece

HuffingtonPost.com | Daniel Marans | Posted 07.09.2015 | World

Dominique Strauss-Kahn, the disgraced former managing director of the International Monetary Fund and onetime French presidential hopeful, has a progr...

When Tired Politicians Are Called On To Make Important Decisions

HuffPost Greece | Katerina Nanopoulou | Posted 07.09.2015 | Healthy Living

On June 26, European Commission President Jean Claude Juncker declared that he was exhausted. “I don’t like this way of working, which leaves...