fix articles 21077, euro
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment and did not reach its goal of permanently calming the financial markets. Public investments could raise economic growth.
State Indebtedness: The Beloved Enemy (tags)
"The slow one now will later be fast as the present now will later be fast." The state unlike the Swabian housewife can become indebted to invest in a more social and more human future. All personal and corporate profit depends on state investment in roads, schools, food safety etc.
Greek Rape and Pillage Bailout Deal: Germany Wants More (tags)
Deepening Greek Depression (tags)
EU deal with Greece/Betrayal of OXI ideal (tags)
The die has been cast. The Geek prime minister Tsipras, who won the elections because of his promise to make an end to Trojka austerity measures, has capitulated, accepting the hardest EU deal with Greece ever. Shame on him and his party Syriza, which has lost every credibility. It's a horrible betrayal of OXI, plunging the Greek people in still worse misery. People of Greece, fight for Freedom!
"No" Supporters Win in Greece: Now What? (tags)
Greece Declares Bank Holiday, Capital Controls Imposed (tags)
Greek Election: Mixed Messages, Hold the Cheers (tags)
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment... Public investments could raise economic growth both in the short- and long-term.
A term becomes a myth; the myth becomes a religion. We are all conditioned by the misguided use of terms and connections so a way of looking at things seems absurd. The German economy acts like a bulldozer rather than a locomotive.
Ukraine Dodged a Bullet (tags)
Who is System Relevant - Banks or the People? (tags)
We are experiencing the most brutal form of the neoliberal credo since the financial crisis: privatization of profits and socialization of losses. EU crisis policy bails out banks and drives the population into misery. We must change direction. We need a change of paradigms in policy.
Neoliberalism as a Variety of Social Darwinism: Ten Million More Unemployed (tags)
Social cuts are a danger for democracy..When fear of social descent or collapse seizes the middle class, the danger grows that exclusion-ideologies may gain acceptance like racism, nationalism or social Darwinism..The economic future is given away on the altar of an ideology that raises location competition to the leitmotif of political-economic policy.
Cyprus Postmortems: Part II (tags)
Grand Theft Cyprus (tags)
Vulgar Materialism: The Madness of Growth and the Casino (tags)
Renouncing on growth or tolerating a shriveling economy is hard. Greece is a shocking example. Many people cut down the last trees because they could not afford heating oil. Nature is the first victim in an economic crisis. Whole generations are traumatized.
Five Minutes with Noam Chomsky: The Euro Crisis and the Welfare State (tags)
"Europe’s policies make sense only on one assumption: that the goal is to try and undermine and unravel the welfare state. And that’s almost been said. Mario Draghi said that the social contract in Europe is dead. Perhaps not ‘dead’ but under attack."
European Bank Socialism (tags)
The motto "Too big to fail" frees the financial sector from all chains. In the future, the banks will not have to assume any liability for taking irrational risks. Instead they can commit fraud without limit-in a system that already leads us to the brink and creates millions of unemployed.
Saving a Failed System (tags)
The Austerity Hoax (tags)
Economic Policy, the Schwabian Housewife and Francois Hollande (tags)
"What is rational for individuals leads collectively into a cul-de-sac.. The fundamental error is that economic policy believes the crisis can be fought with the logic of a family budget. For that reason, the collapse of the euro zone threatens." France goes a different way than Italy and Spain.
Debt Tribunal and Green Socialism (tags)
Qualitative growth, breaking out of the box of quantitative growth, is the key to solving mass unemployment, environmental destruction and trade imbalance. A job in education costs 1/10 what a job in a chemical dye plant costs. The media is part of a system that refuses change.
Greece Reflects Growing Economic Turmoil (tags)
EU Austerity Madness (tags)
Forecasting Economic Decline (tags)
Crisis Conditions Grip Eurozone (tags)
Europe in Disarray (tags)
Alternative for the Euro Zone (tags)
In a new study, leftist economists from a dozen EU countries criticize the policy of the German government in the Euro crisis. Its analysis and the proposed solutions are wrong. The state deficits are not the cause of the crisis. The financial crisis caused the state deficits.
Wrecking Europe to Fix It (tags)
Eurozone Doomsayer Got it Right (tags)
Deepening Debt Contagion (tags)
Debts and a New Beginning (tags)
Problems don't disappear when they are ignored. Through deregulation, the law of profit maximization and government failure, the financial sector was expanded and made independent of the real economy. 14 million jobs could be created through the Internet.
The Shift of Power to the East and South (tags)
The shift of political and economic power from West to East and North to South and the rapid development of technological innovations have created a completely new reality..The claim of the US and Europe to being masters of the universe must be ended.
Saving is not a Solution (tags)
The capital markets repeatedly force the real economy to its knees. The savings orgy should help heavily indebted states regain the trust of the financial markets. In a play from the madhouse, states must run into debt to bailout their money-houses.
The Olymptics' Shady Side (tags)
Before the official games in Vancouver, downtown and unemployed groups called attention to social injustices.
An Umbrella for Workers (tags)
The economic crisis is a structural crisis where productivity has soured and wages have stagnated. The fraud in public regional banks must end. Unemployment benefits must increase. Michael Schlecht is a union spokesperson for the German Left party (Die Linke).
Monetary Policy and Stagflation (tags)
50 countries already show double-digit rates; 42% of the world population is affected. Monetary policy reacts helplessly to stagflation. The financial bubble economy is an excess. When consumers finally spend the money they don't have, everything will be just fine.
The economy is not what they are saying!5 (tags)
"And another horror is that the stock market went up, which is Pretty Freaking Strange (PFS) since Barron’s reports that the earnings of the Dow Jones Industrials went down, dropping to $225.53 from $234.49. This has produced the unbelievable price-to-earnings ratio of 57! Earnings are going down, but the stocks are going up! To a P/E of 57! Un-freaking-believable!"
Psychology of Crisis (tags)
Psychology has a great influence on developments of the world econmy. In Tokyo, the G7 states agreed to avoid negative terms to not worsen the situation. Neither the extreme price drop of the dollar nor of the Yen were mentioned in the final declaration.
The US Will Experience Its Big Surprise (tags)
The dollar devaluation has to do with many things, above all with the double deficit. The US must become indebted more and more. China and Dubai could go on a shopping spree and buy oil companies. The US must earn euros to pay for the oil to be imported.
Working Without Coercion (tags)
Basic income is not a plant-closing bonus. Labor productivity will continue growing if the tax burden on the factor labor is reduced. The belief that full employment could return through economic growth is wishful thinking. Ecologically it could prove a horror.
More Employment through a Different Distribution (tags)
More employment comes through reduced working hours and public investments more than tax subsidies. The state has destroyed jobs. The global attack of neoliberalism has gravely damaged the democratic welfare state.
Is the Dollar Hegemony Ending? (tags)
The demand for dollars will fall significantly when oil is transacted in euros. The US must control its twin deficits and reduce its foot-print to keep the confidence of foreign credi-tors. Radical restructuring and removal of incompetent leadership could avert crash.
Iran War for Dollar Hegemony (tags)
The run on the US currency has already begun. Preventing the IOB may help explain the extreme aggressiveness of the US toward Iran. Mending our own pockets and recalibrating energy and security policies are more sensible than the Bush doctrine.
A History of Concealment and Deception (tags)
Washington hasn't the faintest idea about the kind of adversary it faces.. If Iran makes the Euro the oil trade currency, a greater flight from the dollar to the Euro and a catastrophe for the US could occur. The dollar will be weakened and imports more expensive.
Weak Dollar and Strong Bush: China and US Debts (tags)
To stabilize the value of the dollar, the US needs a daily currency inflow of $1.8 billion.. The budget plan of the White House rests on unrealistic assumptions.. The Bush administration assumes higher revenues by means of the tax cuts.
Paid Work and Basic Income (tags)
The goal of basic income advocates is to neutralize capitalism in one of its central premises: the generalziation of paid labor as the only or at least dominant path of securing existence. The future would be brighter if this were on the agenda.
Standby :) (tags)
The immanent planned collapse ... US Silent As Euro Screams Higher
The Real Reasons Why Iran is the Next Target (tags)
The Iranians are about to commit an offense far greater than Saddam Hussein's conversion to the euro for his oil exports back in the fall of 2000. In March 2005 Iran is going to start competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-based international oil-trading mechanism. Numerous articles have revealed Pentagon planning for operations against Iran in 2005. The publicly stated reasons will be over Iran's nuclear ambitions, but the following unspoken macroeconomic issues explain the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-denominated oil Bourse.
Social Justice instead of Hartz IV - We Have Alternatives! (tags)
"Millions of jobs are missing in Germany.. This unsocial policy of redistribution from bottom to the top is pursued by the govern-ment and mainstream parties to assure extra profits for the mammoth corporations.. No new jobs will be created.."
30 Hours are Enough (tags)
Over 6 million jobs would be created in Germany if the 33 million employees worked 20 percent less. 100 billion Euro would be restored to state treasuries. All that is needed is political will, not neoliberal indifference.
War in US in 2004 Expected...Dollar Drops 25% to Euro (tags)
The Euro increased 25% in value to the dollar. The reason is because we have mafia in our Treasury, The National Treasury Employees Union...I was a bank Examiner
Millionaires and the Unemployed (tags)
"The millionaire could simply pay his unemployed. If we calculate 12X5X1000 is 60,000 Euros a year. This is the sum that the highest segment of this class saves by the lowering of the top tax rate from 48 to 42 percent planned by Mr. Schroeder."
More State Intervention (tags)
"The German economy has skidded into a recession.. In a recession, the state must take a leadership role in solving the main problem, inadequate demand.." Translated from the German
The Real but Unspoken Reasons for the Iraq War (tags)
Although completely suppressed in the U.S. media, the answer to the Iraq enigma is simple yet shocking. The upcoming war in Iraq is actually an OIL CURRENCY war. The Real Reason for this upcoming war is this administration’s goal of preventing further OPEC momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. (This is a long essay)
Irish mother disarms US warplane at Shannon Airport (tags)
Wonderful news: Mary Kelly from the Shannon Peace Camp entered airside Wednesday morning and disarmed a US Navy aircraft to the tune of 500,000 euro with a hatchet-type hammer at Shannon Airport, Ireland!