4.55/5 (11) Mr. B. noticed this one, and passed it along with a passage in it highlighted in bold, along with his own speculations, So I read the article, and responded to him that I basically…
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Who Rules Europe?
By: Andrew Gavin Marshall
22 July 2015
RT | July 5, 2015 About 60 percent of Greeks have voted “No” in Sunday’s referendum on the bailout deal and austerity measures, reported the Interior Ministry after almost 30 percent of the vote had been counted. About 9.9 million Greeks were eligible to take part in the vote, which was labeled #Greferendum on social […]
By Boris Kagarlitsky | CounterPunch | July 2, 2015 For five years now Europe has been troubled by the problem of the Greek debt. It all began with a relatively modest sum estimated at 15-20 billion euros, though at the time coping even with this debt seemed beyond the country’s capacity. Instead of simply writing […]
Why the European Central Bank’s Trillion Euro Plan will Only Help Keep the Banks Afloat By MICHAEL HUDSON and SHARMINI PERIES | CounterPunch | March 13, 2015 SHARMINI PERIES: In an effort to relieve some pressure on the struggling European economies, Mario Draghi, president of the European Central Bank, announced a 1 trillion euro quantitative […]
Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs International) has now made good on the threat.
Europe is stunned, and bankers aghast, that polls show the new party of the Left, Syriza, will win Greece’s parliamentary elections to be held this coming Sunday, January 25.
Syriza promises that, if elected, it will cure Greece of leprosy. Oddly, Syriza also promises that it will remain in the leper colony. That is, Syriza wants to rid Greece of the cruelty of austerity imposed by the European Central Bank but insists on staying in the euro zone.
David Cronin’s book Corporate Europe: How Big Business Sets Policies on Food, Climate and War (Pluto Press) is based on his years as a journalist in Brussels looking at the way in which the European Union’s institutions really work. I also spent thirteen years in Brussels, working at the European Parliament and, before that, five years working as an advisor to the late Tom Megahy, an EU-critical left Labour Euro-MP, back in the North of England.
