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Archives by Tag 'European Union'
A World Record for Chutzpah
URI AVNERY
I DON’T know if the Guinness Book of World Records has a special section for Chutzpah. If it does not, it should. That’s the one competition where we might take home a few gold medals. The first one would surely go to Binyamin Netanyahu. ...
Back to a Feudal Europe
SERGE HALIMI
Are the economic policies needed to maintain the euro still compatible with democracy? Greece’s state broadcaster was established after the fall of the military dictatorship. Last month the Greek government (which is implementing EU injunctions) decided to shut it down ...
Wrecking the Welfare State in Secret
DAVID CRONIN
A golden staircase greets guests to De Warande, an exclusive club in central Brussels.  Built in the late eighteenth century, this mansion was acquired in 1907 by François Empain, a banker who helped his royal chum Leopold II loot the Congo.  With its historical associ...
The US and the Euro Crisis
MARK WEISBROT
The eurozone recession is now the longest on record for the single currency area, according to official statistics released last week, as the economy shrank again in the first quarter of this year. A comparison with the U.S. economy may shed some light on how such a profo...
Will EU Sanctions Once Again Target the Civilian Population of Syria?
FRANKLIN LAMB
Beirut. Under withering pressure from Washington and the UK, the European Union, is meeting this week to decide whether to increase the pressure on the Syrian public by repealing the March 2011 arms embargo that was intended to prohibit arms shipments to S...
Eminent Europeans: Drop the Oslo Peace Process
PETER BELMONT
What we’re doing in the Middle East isn’t working. In fact, it’s making things worse. That’s the upshot of a letter from a group of 19 prominent Europeans to the E.U.’s top foreign policy official, Lady Catherine Ashton. The former officials, drawing on ...
Eurozone in Crisis
TOM McNAMARA
“Let all the poisons that lurk in the mud hatch out.” – Robert Graves, I Claudius Rennes, France. Things are bad in the European Union (EU). Just how bad you ask? They are so bad that the unelected ...
Wall Street’s Role in the Crisis in Cyprus
ROB URIE
Recent events in Cyprus, the seizure of bank deposits to affect bailouts of large private banks and the implementation of capital controls to limit the rate at which remaining bank deposits can be moved out of the country, suggest the global banking crisis widely presente...
The Insanity of Austerity
TOM McNAMARA
Nightmare and insanity are akin. Mysterious and involuntary states that skew and distort objective reality One wakens from nightmare. From insanity there is no awakening. “Let Your Life Be a Friction to Stop the Machin...
A Brief History of Superpowers
WILLIAM BLUM
From the Congress of Vienna of 1815 to the Congress of Berlin in 1878 to the “Allies” invasion of Russia in 1918 to the formation of what became the European Union in the 1950s, the great powers of Europe and the world have gotten together in grand meeting hal...
The New Tyros of the Eurozone
DEAN BAKER
The eurozone crisis countries still have not developed a workable strategy for countering the policies being imposed by the troika — the European Central Bank (ECB), the IMF and the European Union. Their main problem is not profligate government spending, as fans of dat...
A Nobel Laureate on the Degeneration of the Peace Prize
MAIREAD MAGUIRE
Belfast. Alfred Nobel was a visionary who believed in a demilitarized peaceful world.  In his Will he left his Nobel peace prize to those who would work for ‘fraternity among nations’,’abolition or reduction of standing armies’, and ‘holding and...
Nobel Rot
BINOY KAMPMARK
Melbourne. One wonders whether having a peace prize makes an assumption about redundancy and diminishment in advance. Ever year, the arguments seem to mount.  This year, the choice of the European Union being the recipient of the Nobel Peace Prize struck ...
An Immodest Proposal for the Nobel Peace Prize Committee
DIANA JOHNSTONE and JEAN BRICMONT
The Norwegian parliamentarians have just awarded the Nobel Peace Prize to the European Union.  Now, Norway is one of the few Western European countries that does not belong to the EU.  So we suspect that the Norwegians’ modesty held them back from nominating the org...
Canada’s Free Trade Debacle
MURRAY DOBBIN
Stephen Harper’s no-longer-secret agenda to implement a revolution from the right and dismantle Canada has one major impediment that must really stick in his craw. He is constrained in what he can do by the constitutional division of powers which gives the provinces so ...
Why We Still Need the Council of Europe
FABIO LIBERTI
The Council of Europe, based in Strasbourg, is probably Europe’s most misunderstood organisation. Even well-informed people confuse it with the European Council — the periodic gathering of European Union (EU) heads of state or government — and with the Council of th...
The Euro is Not in Trouble; the People Are
VINCENT NAVARRO
One of the phrases frequently written in economic circles in the United States (and to a lesser degree in Europe) is “the Euro is going to collapse.” Those who repeat that phrase over and over again do not seem to know how the Euro was established, by whom, and for wh...
How Far is the ECB Really Prepared to Go to Save the Euro?
MARSHALL AUERBACK
Re-reading Mr Draghi’s market-moving remarks earlier this week, one gains a sense that the European Central Bank chief recognizes that the ECB has a banking run on their hand. Most market participants have understandably focused on Mr Draghi’s pledge that the ...
Austerity, Growth and Germany’s Europe Policy
JENNY O'CONNOR
A major qualm many have with the Fiscal Compact is the implication underlying it that sensible and frugal wealthy European countries such as Germany must get the irresponsible and spendthrift indebted countries to sign up to a set of guarantees before handing them more mo...
Why None of Europe’s Attempts to Save Itself Will Work
XIMENA ORTIZ
Even if the Greek and other European publics are seen capitulating to the whims of elites for the moment, that deference will probably not last. The Greek people appear to have been spooked into falling into line, by the barest margin, with a bailout package. But througho...
How the Euro Might be Derailed
MARSHALL AUERBACK
The European financial officials are preparing their policy package to deal with the current crisis for the meeting scheduled next week. It is not clear whether any of the proposals will be able to stop the ongoing bank run. Here are some of the rumored proposals: ...
The Euro and the Parthenon
BINOY KAMPMARK
The atmosphere on the hills of the Acropolis after the Sunday elections has an immemorial flavour, scented with a certain resignation.  Grape vines cascade over the restaurants of Minissikleous street with tempting promise.  The bouzouki players gather with ease and laz...
Caution Wins the Day in Greece
PATRICK COCKBURN
The Greek election produced a knife-edge result yesterday, with the establishment parties snatching victory in a narrow race. “The Greek people voted today to stay on the European course and remain in the eurozone … there will be no more adventures, Greece&...
The Dow of the G20
VIJAY PRASHAD
In quick succession, the World Leaders shall gather, first at Los Cabos (Mexico) for the G20 summit and then at Rio de Janeiro (Brazil) for the UN Conference on Sustainable Development. Frantic discussions are being held by the sherpas, the bureaucrats whose task...
Economic Karma in Greece?
R. G. DAVIS
If the Greeks with some effort and success will say No to austerity then Syriza and Tsipras might have a good handle on the Banks and the EU. The Banks are necessarily caught in the grip of fright. and their own contradictions — they may have to bail out Greece. If ...