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US Austerity

Victims of Illusions: The Non-Solution of the Greferendum

Cas Mudde | Posted 06.28.2015 | World
Cas Mudde

The Greek government has squandered all its goodwill within half a year through a combination of arrogance, belligerence, naivety and utter incompetence. It set out to restore the "dignity" of the Greek people by "liberating" them from the alleged stranglehold of the Troika, while in the process "transforming" Europe into a more equal and just continent. It has achieved neither.

Daniel Marans

Why Greece Wants A Better Deal From Europe

HuffingtonPost.com | Daniel Marans | Posted 06.21.2015 | Politics

To hear some tell it, Greece is acting like a petulant child unwilling to take its medicine. But Greece says it has good reasons for holding out o...

Daniel Marans

Lovable Austerity: Greeks Say Cutting Military Spending Further 'Is A Pleasure For Us'

HuffingtonPost.com | Daniel Marans | Posted 06.16.2015 | Politics

Speaking to reporters in Washington on Tuesday, Yiannis Bournous, the head of international affairs for Greece’s ruling Syriza party, heartily endor...

Greek Bailout Talks End Without Breakthrough In Brussels

AP | RAF CASERT and DEMETRIS NELLAS | Posted 06.14.2015 | World

BRUSSELS (AP) — The European Commission said Sunday that weekend talks to find common ground between international creditors and Greece were unsucce...

Grexit's Cost for Europe

Alexis Giannoulis | Posted 06.08.2015 | World
Alexis Giannoulis

While it is obvious that the current painful negotiations between Greece and its creditors must come to a swift conclusion, a Grexit will ultimately cost Europe as much, or more, than a possible 'haircut' of Greek debt.

Austerity Is the Only Deal-Breaker

Yanis Varoufakis | Posted 05.26.2015 | World
Yanis Varoufakis

ATHENS -- Our government cannot -- and will not -- accept a cure that has proven itself over five long years to be worse than the disease.

What Americans Should Learn From the British Election

Ivan Eland | Posted 05.11.2015 | World
Ivan Eland

One of the big differences between the British Conservative Party and the American Republican Party is that the British Conservatives are willing to cut defense spending and Republicans are not.

South Africa: A Nation at War With Itself

Alex Matthews | Posted 06.16.2015 | World
Alex Matthews

Returning to a city you once lived in (and loved living in) is a bit like spending time with an erstwhile lover with whom you parted amicably. There is so much that still connects you, that remains feels familiar; and yet the encounter is fleeting.

President Obama Visits Jamaica, But What Is His Government Doing to Jamaica's Economy?

Mark Weisbrot | Posted 06.08.2015 | Politics
Mark Weisbrot

Jamaica has become a terrible example of what can happen when creditors, led by the International Monetary Fund (IMF), are able to impose harsh austerity on a trapped nation in an attempt to collect on an uncollectable debt. Since the U.S. Treasury Department decides what the IMF does in the Western Hemisphere, Obama himself can claim responsibility for this failure.

Student Harvesting and the Dilution of a Discipline

Domino Renee Perez | Posted 06.01.2015 | College
Domino Renee Perez

While what a film does matters as much as how it is made, the richness of film study is found in a dialogue between the two, a dialogue formal film studies fosters and explores.

Why Podemos Is Good for Spain, and Europe

Ryan Rappa | Posted 06.01.2015 | World
Ryan Rappa

In short, the EU is facing a moment of truth. Its response to Podemos could validate or vitiate it for years to come.

Greek Debt: Do the Right Thing

Dimitri B. Papadimitriou | Posted 05.18.2015 | 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 05.12.2015 | 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 05.09.2015 | 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 05.06.2015 | 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 04.30.2015 | 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 04.25.2015 | 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 04.26.2015 | 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 04.24.2015 | 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 04.22.2015 | 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 04.20.2015 | 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 04.20.2015 | 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 04.19.2015 | 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 04.18.2015 | 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 04.13.2015 | 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.