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Austerity.

Greek Debt: Do the Right Thing

Dimitri B. Papadimitriou | Posted 03.18.2015 | World
Dimitri B. Papadimitriou

In Greece, any meaningful change in debt terms needs to be part of a wider plan that deals with the underlying structural imbalances of the eurozone, just as a comprehensive plan was necessary for post-World War II European prosperity.

The Kremlin's Kool-Aid

John Feffer | Posted 03.13.2015 | World
John Feffer

Like Glenn Greenwald, we should be concerned about the Azov Battalion and high-ranking extremists in the Ukrainian government. But the real darling of the far right is Putin. It's no surprise that European extremists are intoxicated by his authoritarian style. The mystery is why some on the left have also drunk the Kremlin's Kool-Aid.

Is Democracy Sick?

Dr. Ichak Kalderon Adizes | Posted 03.09.2015 | World
Dr. Ichak Kalderon Adizes

Democracy is based on the premise that all people are equal and all have the right to vote and whoever gets the most votes wins. But what happens if the politicians, in order to get elected, make promises which are disastrous for the country?

Friday Talking Points -- Obamacare Fails to Kill Jobs, Once Again

Chris Weigant | Posted 03.09.2015 | Politics
Chris Weigant

Solicitor General Donald B. Verrilli Jr. is this week's Most Impressive Democrat of the Week award-winner, for doing a much better job arguing the case for President Obama's interpretation of the Patient Protection and Affordable Care Act before the Supreme Court than he did the last time around.

Greece Accuses Spain, Portugal Of Conspiring To Topple Anti-Austerity Government

Reuters | Posted 02.28.2015 | World

* Spain, Portugal leading "axis of powers" against Athens-PM * Portuguese leader denies taking hard line on Greece * Ger...

Austerity, A New Weaselword

Steve H. Hanke | Posted 02.25.2015 | World
Steve H. Hanke

The financial press has become inundated with the word "austerity." Since Greece's left-wing Syriza proclaimed an "anti-austerity revolution," strong adjectives, like "incredibly savage," precede that overused word.

Enslavement of the Middle Class

Harlan Green | Posted 02.24.2015 | Business
Harlan Green

It is the ideology of austerity that has prevailed in the U.S. at least since the 1980s, and Paul Krugman says is putting Europe into its Second Great Depression.

How Austerity Disproportionately Harms Women

Sean McElwee | Posted 02.23.2015 | Politics
Sean McElwee

In an economic system that overwhelmingly favors the married, single women tend to live more precariously and rely on programs that Republicans want to eviscerate.

This Is Recovery? Germany, "Powerhouse" in Need of a Jump-Start

John Weeks | Posted 02.20.2015 | HuffPost Home
John Weeks

The belief that austerity leads to growth is absurd. And practicing a trade policy discredited 250 years ago by Adam Smith abandons the basic principles of a common market.

The Oily Heart of Austerity and Tea Party Economics

Richard Brodsky | Posted 02.18.2015 | Politics
Richard Brodsky

There's been a steady drumbeat of headlines about this, starting with Governor Brownback's woes in Kansas. It took an interesting and unexpected turn to reveal what's really been happening in many other states. The collapse in oil prices has changed a whole lot of things.

Greece To Request Bailout Extension

AP | NICHOLAS PAPHITIS and ELENA BECATOROS | Posted 02.18.2015 | World

ATHENS, Greece (AP) — Finance Minister Yanis Varoufakis sounded cautiously optimistic Wednesday of achieving a last-minute deal with Greece's Europe...

The Fate of Europe and the World May Rest in Greece

Sen. Bernie Sanders | Posted 02.17.2015 | Politics
Sen. Bernie Sanders

The new Greek government needs support in establishing pro-growth policies which create jobs, expand their economy and enable them to pay down their debts. Demanding that creditors are paid before any of that is allowed to happen may come at a very heavy price for more than just the people of Greece.

Greece Does Battle With Creationist Economics: Can Germany Be Brought Into the 21st Century?

Dean Baker | Posted 02.16.2015 | Business
Dean Baker

The time has come for the EU to stop running economic policy based on silly myths. If German Chancellor Angela Merkel and other leaders in the EU cannot accept reality then Greece and southern Europe would be far better off breaking free of the euro and leave Germany to wallow in its 19th century economic fairy tales.

Austerity Policy or Tool ?

Michael Radou Moussou | Posted 02.13.2015 | Politics
Michael Radou Moussou

Any politician opting this evening for the continuation of the Greek Austerity program should be aware of these facts and try finding a more viable and less amateurish solution for the future not only of Greece but of the entire Eurozone.

Averting a European Tragedy: Why President Obama Has Gotten It Right

Phil Angelides | Posted 02.15.2015 | World
Phil Angelides

The president's forceful messages recognize that the crisis at hand is about much more than one nation's membership in the EU, but rather about protecting a global economy still fragile from the effects of the financial crisis and ensuring the strength of the Western alliance in these times of increasing peril.

Angry Greeks Threaten to Halt European Juggernaut

Doug Bandow | Posted 02.10.2015 | World
Doug Bandow

A breakdown of the European bailout program might make a Greek exit from the euro ("Grexit") the only feasible option. And the popular revolt against outsiders dictating economic policy creates a huge new roadblock to attempts to expand Brussels' power over EU members.

Greek Leader To Reject Austerity, Lay Out Hard Leftist Program

Reuters | Posted 02.08.2015 | World

By Jeremy Gaunt ATHENS, Feb 8 (Reuters) - New Greek Prime Minister Alexis Tsipras will lay out his radical left-wing government's poli...

Greece and the U.S. Senate: Economics for the 99 Percent

Mike Sandler | Posted 02.06.2015 | Business
Mike Sandler

The re-shuffle of the last U.S. election that put austerity-minded Republicans in power has ironically resulted in a new anti-austerity economist being hired by Senator Bernie Sanders in the Senate Budget Committee.

13 Questions: About Greece, Europe, Austerity -- And Us

Richard (RJ) Eskow | Posted 02.05.2015 | Politics
Richard (RJ) Eskow

Every day brings more headlines in the European debt drama: "Greece elects anti-austerity government." "Greek Finance Minister says he won't negotiate with the 'Troika.'" "Anti-austerity movements gain ground across Europe." What's behind these stories? What does the future hold? Are there any implications for the U.S.? Here's an overview of the situation as it currently stands.

Greece and the Unlearned Lesson of 1990

John Feffer | Posted 02.04.2015 | World
John Feffer

Greece has been suffering from high levels of unemployment, and the standard of living has dropped precipitously, as a direct result of the cuts in government programs mandated by the EU and the IMF. The EU should have predicted this result: This was the great unlearned lesson from the experience of East-Central Europe over the last 25 years.

Freedom or Death: The Perplexing Case of the Current Greek Debt Crisis

Pablo Freund | Posted 02.03.2015 | Politics
Pablo Freund

Scapegoating the EU for not pardoning or easing terms on debt, accusing minorities of tax fraud and ramping up government expenses are surely not part of the road to resolution.

Budget Wars: Europe Has the Germans, We Have the GOP

Richard (RJ) Eskow | Posted 02.03.2015 | Politics
Richard (RJ) Eskow

In fact, the Republican Party's economic agenda is harsher than anything even Germany's been willing to propose. So why hasn't there been a successful U.S. electoral countermovement along Syriza's lines? There are a number of reasons.

The Greek Elections and European Absurdity

Kostas Vergopoulos | Posted 02.02.2015 | World
Kostas Vergopoulos

If there is one thing that has poisoned the European economy after the 2008 crisis, it is the German idea that a purge comes before a recovery.

Austerity for the Other Guy

Leo W. Gerard | Posted 02.02.2015 | Politics
Leo W. Gerard

The people of Greece rebelled last week against the perverse notion that they should continue to endure biting austerity in a vain attempt to cure a condition that they are not solely responsible for creating. Sounds familiar, right?

Greece Strikes a Blow to Austerity. What Happens Now?

Lynn Parramore | Posted 01.30.2015 | World
Lynn Parramore

In the following interview, Mario Seccareccia, a professor of economics at the University of Ottawa, talks about why what happened to Greece was entirely predictable, why the Greeks were right to reject austerity in the recent election, and what challenges the country faces in forging a sustainable path forward with the left-wing Syriza party at the helm.