- Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
- Syriza’s historic win puts Greece on collision course with Europe
- The Truth About Jobs That No One Wants to Tell You
Ellen Brown, Global Research
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January 7, 2015 | A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.
Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.
Ellen Brown is an attorney, president of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt. In The Public Bank Solution, her latest book, she explores successful public banking models historically and globally. Her websites are http://WebofDebt.com, http://PublicBankSolution.com, and http://PublicBankingInstitute.org.
Full story …
Syriza’s historic win puts Greece on collision course with Europe, Ian Traynor, and Helena Smith, Guardian
- Voters reject EU austerity for radical alternative of far-left party
- Upstarts fall two seats short of an overall majority
- ‘Greece has turned a page,’ says 40-year-old leader Alexis Tsipras
- Austerity Is Poisoning The Economy, In 2 Charts
The Truth About Jobs That No One Wants to Tell You, Robert Reich, LA Progressive
- If government doesn’t spend more right now and get Americans back to work, we could be out of work for years. And the debt will be with us even longer. And politics could get much uglier.
- What the AFL-CIO Did Not Say About Raising Wages