As the African experience shows, there is no alternative to a major restructuring of the Greek debt. Why is this being ignored? by Jayati Ghosh It is now clear that the problems of the Greek economy – and the eurozone – have not been and cannot be solved by the large infusion of emergency finance from the ECB and the […]

The austerity measures forced on to the Greeks are not only unfair, they set a bad precedent for the rest of Europe by Poul Nyrup Rasmussen Published on Friday, May 7, 2010 by The Guardian/UK On the day of the eurozone leaders’ meeting in Brussels, it is essential that we look at what is really going on in the European […]

Photo @ Wikipedia.org By Joseph Stiglitz Unless it is one rule for the big and powerful and another for the small, the EU must stand behind Athens’ new leadership Greece has been condemned by European officialdom for its huge deficits. “No government or state can expect from us any special treatment,” comes the warning from Jean-Claude Trichet, president of the […]