The tag 'Economic Bailout' is associated with 29 posts.

Depression and Fascism: Krugman’s Analysis

Posted by Dave Emory ⋅ December 22, 2011 ⋅ 13 comments

COMMENT: Although he insists on refrain­ing from using the “F” word for what is tran­spir­ing in Europe, Nobel Prize-winning econ­o­mist Paul Krug­man has noted in a New York Times col­umn that the “aus­ter­ity” mea­sures cham­pi­oned by Ger­many (and also the GOP in the U.S.) and being cur­rently imple­mented, are dri­ving for­ward extreme right pol­i­tics in [...]

“Now, Europe Will Speak German!” Germany to UK: Adopt the Euro, or Else!

Posted by Dave Emory ⋅ November 27, 2011 ⋅ 9 comments

COMMENT: As Ger­many cements its con­trol over the Euro­pean econ­omy and the Euro­pean Cen­tral Bank, the Ger­man power elite are openly and deri­sively call­ing for Britain to join the EMU.
(Note that the ECB could solve much of the euro­zone debt cri­sis by lend­ing money, but has been blocked by Ger­many from doing so. The only [...]

Au Revoir to European Democracy: “A Calm Judgement of Business Necessity”

Posted by Dave Emory ⋅ November 24, 2011 ⋅ 15 comments

COMMENT: View­ing events in Europe brings to mind the clos­ing words of James Stew­art Martin’s All Hon­or­able Men. Qui­etly, the Euro­zone debt cri­sis has brought about an orderly tran­si­tion to the “calm judge­ment of busi­ness neces­sity” with which Mar­tin closed his book.
As Greece and Italy have seen gov­ern­ments appointed by the Ger­man dom­i­nated “tech­noc­racy” with [...]

Putting the “Hammer” Down in Greece: More about Fascists in the New Government

Posted by Dave Emory ⋅ November 17, 2011 ⋅ 27 comments

COMMENT: From Mark Ames comes an impor­tant new post, sup­ple­ment­ing infor­ma­tion about fas­cists in the new Greek gov­ern­ment. Recall that Greece was under the rule of a fas­cist junta that came to power in 1967. Makis “Ham­mer” Voridis, the cur­rent min­is­ter of  “Infra­struc­ture, Trans­port and Net­works” in the Greek Gov­ern­ment, is a doc­tri­naire fas­cist and [...]

Greek Fascists Set to Become Part of New Provisional Government

Posted by Dave Emory ⋅ November 16, 2011 ⋅ 8 comments

COMMENT: In the wake of the eco­nomic and polit­i­cal tur­moil sweep­ing  Europe as a result of the Euro­zone debt cri­sis, Greece has formed a new coali­tion gov­ern­ment, one of whose par­tic­i­pants is the LAOS party.
Reported to have played a major role in the for­ma­tion of the new pro­vi­sional gov­ern­ment and pos­si­bly in line for a [...]

Democracy? Nichte! [Not!]

Posted by Dave Emory ⋅ November 4, 2011 ⋅ 2 comments

COMMENT: As cited by “ter­rafractyl” in a com­ment about “His­tory Teaches Us that We Learn Noth­ing from His­tory,” Floyd Nor­ris  com­mented in The New York Times, “Why Not Give Greeks Their Say?” A stark answer is to be found in a char­ac­ter­is­ti­cally excel­lent piece from German-Foreign-Policy.com, which feeds along the bot­tom of the front [...]

David Duke Endorses Occupy Wall Street

Posted by Dave Emory ⋅ October 29, 2011 ⋅ 2 comments

COMMENT: Long­time KKK and white suprema­cist leader David Duke has added his voice to the fas­cist and Nazi ele­ments climb­ing on the Occupy Wall Street band­wagon.
A num­ber of thoughts come to mind in this con­text. First, there are indi­ca­tions that far-right/fascist ele­ments (cloaked as “pro­gres­sives”) may have gen­er­ated the impe­tus for the move­ment in [...]

The Folks Who Call the Shots

Posted by Dave Emory ⋅ October 27, 2011 ⋅ 2 comments

COMMENT: From The New Sci­en­tist comes an arti­cle fea­tur­ing a detailed com­puter analy­sis of the con­cen­tra­tion of eco­nomic power wielded by trans-national cor­po­ra­tions.
Although this is not exactly rev­e­la­tory, the detail and sci­en­tific approach do pro­vide depth and grav­i­tas to the aware­ness that grow­ing con­cen­tra­tion of eco­nomic power dom­i­nates the world in which we live.
“Revealed–The Cap­i­tal­ist Network [...]

History Teaches Us that We Learn Nothing from History

Posted by Dave Emory ⋅ October 24, 2011 ⋅ 31 comments

COMMENT: The title of this quote is, appro­pri­ately enough, from a Ger­man. Euro­pean nations are becom­ing fear­ful of dom­i­na­tion by Ger­many, the only coun­try with suf­fi­cient funds to bailout the ail­ing Euro­zone.
The advent of the cur­rent sit­u­a­tion is no acci­dent. It has been planned for a long time and should come as a surprise [...]

Germany’s Not that Sorry Anymore

Posted by Dave Emory ⋅ October 22, 2011 ⋅ 2 comments

COMMENT: A recent For­eign Pol­icy arti­cle ana­lyzes Germany’s seem­ingly schizoid behav­ior toward bail­ing out the Euro as result­ing from a desire on the part of that coun­try to assert its inde­pen­dence from World War II  guilt.
“Germany’s Not that Sorry Any­more” by Yascha Mounk; For­eign Pol­icy; 10/14/2011.
EXCERPT: With mar­ket con­fi­dence in Greece and Italy fur­ther eroding, [...]

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