Troika

A Modern Greek Tragedy Foretold

Bennet Baumer
The Indypendent
Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.

As Brexit Approaches, Europe's Left Is Divided - and for Good Reason

Conn Hallinan
Foreign Policy in Focus
Can the EU still unite a continent shattered by world wars, or is it little more than a vehicle for austerity capitalism? Soon British voters will vote on Brexit - leaving the EU. Given the absence of a strong, continent-wide left, however, reversing the current economic rules of the EU may be a country-by-country battle.

Exclusive: Yanis Varoufakis Reveals How European Powers' Troika Abolished Greek Anti-Tax Evasion Unit

Lucy Komisar
The Komisar Scoop
Former Greek Finance Minister Yanis Varoufakis revealed for the first time how days after he resigned, the Troika effectively abolished a unit he had set up to combat tax evasion. European Commission (EC) President Jean-Claude Junker led the efforts to prevent Greece from collecting taxes. Junker was Minister of Finance and later Prime Minister of Luxembourg from 1989 to 2013. Varoufakis called Luxembourg the largest tax haven in the world.

These Four Elections Could Decide the Future of Europe - A Coming Storm?

Conn Hallinan
Foreign Policy in Focus
In upcoming votes for the European Union's most indebted countries, the left will have to battle both the forces of austerity and a resurgent xenophobic right. The backdrop for elections in Greece, Portugal, Spain, and Ireland is one of deep economic crisis originally ignited by the American financial collapse of 2007-08. The response of the EU is massive cutbacks in government spending, widespread layoffs, and double-digit tax hikes on consumers.

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