ECB

The US$440 billion in Troika loans—and thus Greek debt—has not been employed to benefit the Greek people, or to help the Greek economy recover from its eight years of depression; it has gone to pay the principle and interest on previous Troika debt, as that debt has been piled on prior debt in order to pay for previous debt.

It is hard to believe that Washington would risk a war with Russia, being well aware of Russia’s superiority in the air, as well as on and under the sea with latest generation technology and nuclear war heads. But the exceptional nation on a declining course, knows no scruples pulling the entire humanity into her self-made abyss.

BREXIT has shown that the EU cannot continue to do more of the same. It is time for a fundamental change of course. If this is not achieved, it will come to uncontrolled, confrontative or even explosive ruptures. If we want to prevent this, clarifying the currency issue is urgent and unavoidable. This is a key issue for the future of the EU -although not the only one. This is the core message of the following Appeal, formulated before the BREXIT decision.

Financing vs. Spending Unions: How to Remedy the Euro Zone’s Original Sin By Thomas Palley In economic policy, timing isn’t everything, it’s the only thing. The...

By Marja Novak and Balazs Koranyi LJUBLJANA/FRANKFURT, July 7 Slovenian prosecutors put central bank chief Bostjan Jazbec under investigation for possible "criminal abuse of office"...

The media in the United States have treated the British vote against remaining in the European Union (EU) as if it is populist “Trumpism,” an inarticulate right-wing vote out of ignorance at being left behind by the neoliberal economic growth policy. The fact that Donald Trump happened to be in Scotland

No one believed in this victory. Even most of those who led the campaign for Britain's withdrawal from the European Union did not expect that on the morning of June 24, 2016 it would be announced that the majority voted in favor of a break with the Brussels bureaucracy

BREXIT is the best thing that has happened not only for the Brits – but for all of Europe – and potentially for the world in the last 30-some years – which were beset by Washington Consensus demagoguery, by ever more flagrant globalization towards a New World Order

Mr. Blanchard, as chief economist of the IMF, can be considered as one of the people directly responsible for the biggest social and economic catastrophe in Western Europe after the 2nd World War, due to the Greek "bail-out" (bail the banks and their profits) program.

Most of Greek bailout money went to banks Only 5 percent of international bailout money for Greece was used to kickstart the country's languid economy,...