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Europe Austerity

Howard Fineman

Greece Is Just The Beginning Of The Great Austerity Backlash

HuffingtonPost.com | Howard Fineman | Posted 07.06.2015 | World

WASHINGTON -- The global politics of austerity seeped into the press room of the White House on Monday, the day after the Greeks voted overwhelmingly ...

Riot Police Clash With Spaniards Protesting Austerity

AP | Posted 05.21.2015 | Business

MADRID (AP) — Thousands of demonstrators from across Spain gathered at one of Madrid's main squares Saturday to protest against the way the governme...

What Is the Real Greek Morality Tale?

Joseph E. Stiglitz | Posted 04.05.2015 | World
Joseph E. Stiglitz

Does anyone in their right mind think that any country would willingly put itself through what Greece has gone through, just to get a free ride from its creditors? If there is a moral hazard, it is on the part of the lenders -- especially in the private sector -- who have been bailed out repeatedly.

Howard Fineman

Hoard Your Toilet Paper -- The Left Is Coming!

HuffingtonPost.com | Howard Fineman | Posted 01.30.2015 | World

WASHINGTON –- Greece gave us democracy and theater, and now is giving us a gripping new synthesis of the two: the dramatic, hysterical alarms of sup...

Will Spain, Italy and France Follow the Greek Revolt Against Austerity?

Xenia Kounalaki | Posted 03.28.2015 | World
Xenia Kounalaki

ATHENS -- The strong mandate he got from the polls, has put a burden on Mr. Tsipras to fulfill the great expectations he produced. If he succeeds, the Spanish Podemos, the French Front National and Italy's Bepe Grillo could all follow suit and question Berlin's fiscal orthodoxy. The much feared domino effect set off by Greece at the outset of euro crisis in 2010 could now materialize in another way.

The Sovereign Debt of Greece Remains a Contentious Issue

Nicos E. Devletoglou | Posted 03.14.2015 | World
Nicos E. Devletoglou

The multiple admonishments between Athens and its increasingly hardline partners in Europe in recent days are out of place -- even as part of a high-stakes game testing contrasting approaches to dealing with Greece's bulging debt.

A Revolt Against Austerity?

Robert Kuttner | Posted 12.19.2014 | Politics
Robert Kuttner

There was a bit of good news from Europe last week. Two of the nations that desperately need some respite from austerity essentially told German Chancellor Merkel to stuff it. France, under pressure from Germany and the European Union to meet the E.U.'s straightjacket requirement of deficits of no more than three percent of GDP (whether or not depression looms) informed the E.U. that they will not hit this target until 2017. The government of President Francois Hollande, under fire for failing to ignite a recovery, now plans economic stimulus measures -- and the target be damned. Under E.U. rules, France can be fined up to 0.2 percent of its GDP. The French seem to be saying, 'So sue us!'

Sweden Election Results Offer Uncertain Future For Austerity

Reuters | Posted 09.14.2014 | World

STOCKHOLM, Sept 14 (Reuters) - Sweden's center-left Social Democrat leader Stefan Lofven emerged as victor in Sunday's general election after a voter ...

Igor Bobic

Sweden's Turn Left Could Deal A Blow To European Austerity

HuffingtonPost.com | Igor Bobic | Posted 09.13.2014 | Politics

Austerity isn't just out of fashion in the U.S. anymore. If Sweden elects a center-left government, as it is projected to do on Sunday, the country co...

How Europe Can Escape the Austerity Trap

Jacques Attali | Posted 04.16.2014 | World
Jacques Attali

europeunemployment.jpg It will become clear sooner rather than later that the present rigorous and painful course of austerity will not on its own solve the specific problems that European citizens face in their lives.

Michael McAuliff

Senator Hammers Heritage Foundation Testimony At Hearing

HuffingtonPost.com | Michael McAuliff | Posted 06.05.2013 | Politics

WASHINGTON -- Sen. Sheldon Whitehouse (D-R.I.) slammed a Heritage Foundation economist in an open Senate hearing Tuesday, suggesting the conservative ...

EU To Slow Pace Of Austerity

AP | JUERGEN BAETZ and RAF CASERT | Posted 07.29.2013 | Business

BRUSSELS — The European Union softened its demands for austerity Wednesday when it gave France, Spain and four other member states more time to ...

Reality 1, Austerity 0

Robert Kuttner | Posted 04.28.2013 | Politics
Robert Kuttner

It's been a very bad week for the merchants of austerity. In Europe, the just-released statistics on first quarter performance show EU nations sliding deeper into recession. In Spain and Greece, unemployment rates are approaching a staggering 30 percent. In Britain, the Tory government took as good news the fact that the UK managed to eke out 0.3 percent growth. Even Germany, the prime sponsor of these policies, is on the edge of recession. You don't promote growth by slashing demand. Supposedly, fiscal tightening improves business confidence. But if some entrepreneur somewhere decided to break ground for a new factory because the president and Congress at last cut the budget, nobody could find such a person. Even the Washington Post editorial page, which has long been promoting a budget bargain built on more cuts, warned in its lead Sunday editorial, that austerity is pinching too hard -- in Europe, that is. How about at home?

As Europe Sickens, Its Austerity Poison Is Our Prescription

Richard (RJ) Eskow | Posted 06.02.2013 | Politics
Richard (RJ) Eskow

What can we learn from Europe's misery? For our political leaders the answer seems to be: nothing. In fact, Washington seems determined to follow in Europe's footsteps.

Scores Arrested At Anti-Austerity Protest In Spain

Reuters | Posted 04.26.2013 | World

MADRID, Feb 24 (Reuters) - Forty-five people have been arrested in Spain during disturbances following a demonstration on Saturday by tens of thousa...

Note to Italy: Please Send Us More Saracenos

William K. Black | Posted 02.05.2013 | Business
William K. Black

Italians have to choose. They can continue to waste the talents of millions of Italians, particularly their young, through Great Depression levels of unemployment. Alternatively, Italy could decide to end its recession, employ its people and create a group of world class universities.

Strikes Sweep Europe To Protest Austerity

Reuters | Posted 01.14.2013 | World

* Police, protesters clash in Madrid; 81 arrests in Spain * Flights, trains cancelled, factories at standstill * Demonst...

Europe's Agony Could Become Our Future Under Mitt Romney

Richard (RJ) Eskow | Posted 12.25.2012 | Politics
Richard (RJ) Eskow

It takes a blind eye for history and a deaf ear for economics not to understand that Europe's agonies could soon become our own. And let's not forget: as bad as things are in Europe, they can always get worse.

Let Them Eat Cake: Austerity Hits Even European Royals

AP | Posted 07.19.2012 | World

MADRID — Spain's Crown Princess Letizia has a penchant for haute couture. Queen Elizabeth II's Bentleys are spotless. Belgium's King Albert II maint...

New G20 Austerity Measures Required To Address Tuberculosis

Kari Stoever | Posted 09.15.2012 | Impact
Kari Stoever

Tuberculosis is a political disease. And like many neglected infectious diseases, it won't stay silent for long.

Europe's Newest Dirty Word: 'Austerity'

AP | SARAH DiLORENZO and DAVID McHUGH | Posted 07.07.2012 | Business

PARIS — The day after Francois Hollande rode to power in France on a slogan of "change now," the conversation in Europe was already different Mo...

Sarkozy's Footsteps: Will the Democrats Be Next?

Richard (RJ) Eskow | Posted 07.07.2012 | Politics
Richard (RJ) Eskow

Democrats should consider Sarkozy's fate a cautionary tale -- and a call to action. If they rally around the cause of growth, jobs, and optimism, the nation will benefit and they'll rewarded at the polls.

Eurozone Unemployment Hits Record High

AP | PAN PYLAS | Posted 07.02.2012 | Business

LONDON — The 17 countries that use the euro are facing the highest unemployment rates in the history of the currency as recession once again spr...

A Modern Greek Tragedy

George Kenney | Posted 04.10.2012 | World
George Kenney

The fault accrues much more to Eurozone authorities than to Greece because, politically, the Europeans have long dodged the critical fact that their limited currency union is unworkable.

Nearly All EU Countries Reach Deal In Aim To End Crisis, Stimulate Growth

AP | SARAH DiLORENZO and GABRIELE STEINHAUSER | Posted 03.31.2012 | Business

BRUSSELS — All European Union countries except Britain and the Czech Republic agreed Monday to sign a new treaty designed to stop overspending i...