Monti Calls for EU Summit to Confront Populism

Italian Premier Mario Monti on Saturday proposed a special European summit to confront growing populism in the face of the continent’s financial crisis. “We are in a dangerous phase,” Monti said on the sidelines of the Ambrosetti Forum on Lake Como after meeting with European Union Council President Herman van Rompuy. He said a divisive … Continue reading

Merkel’s Referendum Sets Greeks on Fire – Eurogroup Knew About it…

With her ‘alleged’ (?) euro-referendum proposal German Chancellor Angela Merkel achieved the impossible: to unite all Greek Parties against her! The pro-bailout and the contra-bailout parties alike. Despite denials from the German side and confirmations from the Greek side, there is still confusion on Saturday morning as to whether Angela Merkel suggested to Greek President Karolos … Continue reading

If elections could change things, they’d be illegal

New York, NY – Were one to write a pre-election analysis in the glorious days of Greece’s ancien regime, one would most probably have to present and analyse the political positions of the main competing parties. Yet, this is one of the most outdated things one might want to do if one intends to say anything useful … Continue reading

How Financial Crisis, Economic Inequality, Social Media, and More Brought Revolutions in 2011–and Changed Us Forever

Journalist Paul Mason covered the uprisings of 2011 as they occurred. His new book “Why It’s Kicking Off Everywhere,” explains why they all happened at once. February 23, 2012  | We’re at an inflection point in history, a shift not just in our politics but our consciousness, says Paul Mason, BBC Newsnight economics editor, author and journalist. … Continue reading

Greece must default if it wants democracy

When Wolfgang Schäuble proposed that Greece should postpone its elections as a condition for further help, I knew that the game would soon be up. We are at the point where success is no longer compatible with democracy. The German finance minister wants to prevent a “wrong” democratic choice. Similar to this is the suggestion to let the … Continue reading

Photos of Greece in turmoil: Protesters riot over EU austerity measures

Protesters clash with police during a demonstration against new austerity measures on Feb. 12, 2012 in Athens, Greece.  Vladimir Rys/Getty Images

Greece and the euro: the crisis continues

The cuts strategy is not working in Greece: not economically, not socially and certainly not politically What’s Greek for constructive dismissal? Because that’s an apt term to describe how Greece is being treated by the other members of the eurozone. Consider: party leaders in Athens have spent days agonising over how to make €3bn (£2.5bn) of … Continue reading