The Greek Coup: Liquidity as a Weapon of Coercion

Varoufakis Charged with Treason

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.”  — The Godfather (1972) ormer Greek finance minister Yanis Varoufakis is now being charged with treason for exploring the possibility of […]

Human Misery vs. Profits: What’s Happening in Greece

Greek Austerity Vote

Larry Wines: The outcome of Sunday’s referendum by the people of Greece could create an earthquake. It could be the first time that ordinary people say “Oxi,” and “No,” and “Non,” and “Nyet” to the banksters and the 1%ers.

Have 147 People Hijacked the Global Economy?

global economy

RJ Eskow: And when the next crisis comes, “147 people” will react to it exactly the same way they reacted to the last one. You can almost hear them now, can’t you? You can’t blame us, they’ll say. Nobody could’ve seen this coming. How do we know that?

Europe’s Youth Employment Is Bad, But Not As Bad As We’re Told

spain euro

ardly a day goes by without a new headline screaming about the scandal of youth unemployment, which has been pinned at the outrageous levels of 50 percent in Spain and Greece and above 20 percent in the eurozone. There’s just one problem – those numbers are derived from a flawed methodology, which misrepresents the true […]

Europe’s Central Bank Fiddles While Rome Burns

eurozone crash

Ellen Brown: The burgeoning debts of the Eurozone countries are being blamed on their large welfare states, but these social systems were set up before the 1970s, when European governments had very little national debt. Their national debts shot up, not because they spent on social services, but because they switched bankers.