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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. It's already underway - and for all of the economic power of the EU, the organization is vulnerable to charges that Brussels has sidelined democracy.

Reading The Greek Deal Correctly

James K. Galbraith Social Europe
"Alexis Tsipras stated it correctly. Greece won a battle - perhaps a skirmish - and the war continues. But the political sea-change that SYRIZA's victory has sparked goes on. Greece has already changed; there is a spirit and dignity in Athens that was not there six months ago. Soon enough, new fronts will open in Spain, then perhaps Ireland, and later Portugal, all of which have elections coming. It is not likely that the government in Greece will collapse." *

Europe: What Is To Be Done?

Conn M. Hallinan Dispatches From The Edge
The Greek election was a warning that, while wealth and political power may be related, they are not the same thing: Governments can be overturned. Europe needs answers. The Greek crisis is a crisis of the entire EU. To one extent or other, every country - even Germany, the EU's engine - is characterized by falling or anemic wage growth, increasing economic inequality, spreading deflation, and an overall decline in living standards.
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