Tag: Austerity

Political Economy

Economic update: July

We are in the first moments of an economic crisis more serious than anything experienced in living memory. The World Bank’s “baseline forecast” envisages a “5.2 percent contraction in global GDP in 2020—the deepest global recession in eight decades.”[1] Even that assumes we are living through the most optimistic scenario. […]

Current Affairs Ireland Narrated

“Government of the willing” to hammer workers

The efforts to form a “government of the willing” following the general election earlier this year rumble on. Fianna Fáil and Fine Gael have had to pretend to dance and engage in a courting ritual to give the impression that there are significant ideological and political differences between them, thereby requiring such a long period to produce a draft programme for government. Fianna Fáil are desperate to get into government at any cost in order to re-establish a presence in urban areas.

But what drives the state and these two main parties of the establishment is the need to thwart the desire of working people for real, meaningful change, as

International

Debt, austerity, and the European Union

Towards the end of November the Irish media published reports of comments made by Prof. Christian Kastrop, a former associate of the German minister of finance, Wolfgang Schäuble, one of the architects of the debt crisis. Kastrop now works for the Bertelsmann Foundation, a think tank sponsored by the Bertelsmann Group, one of the principal German transnational
corporations.

International

EU myths and Greek reality

Sadly, the journey travelled by the Greek people since 2010 was not some Homeric odyssey, filled with adventure, but rather a living nightmare for millions of Greek people. In particular, Greek workers and their families, as well as small family farmers, have paid a very heavy price at the hands […]