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Archive for 'Greece'

Andrea Horwath’s Debacle

I can’t remember the last time I laughed out loud when I saw election results. I almost spat a mouthful of my breakfast across the room. Almost nobody expected Ontario’s Liberals to win a majority, least of all the NDP’s Andrea Horwath. Her decision to pull the plug on the Wynne government has to go […]

Posted by Bruce Livesey under big business, budgets, economic crisis, economic growth, election 2011, Europe, Greece, liberals, NDP.
June 15th, 2014
Comments: 17

Tony Blair and the Corporatization of Social Democracy

Tony Blair, by any sensible yardstick, is a douchebag. Recently, The Guardian, under the headline “Toxic”, detailed Blair’s “downward spiral”. This included the revelation that he may have been having an affair with Wendi Murdoch, the now ex-wife of media mogul Rupert Murdoch. Blair was once good pals with Murdoch and Wendi and is godparent […]

Posted by Bruce Livesey under Europe, Greece, income tax, NDP, social democracy.
March 19th, 2014
Comments: 2

The Greek Tragedy

An excellent commentary from Andrew Watt.    

Posted by Andrew Jackson under fiscal policy, Greece.
February 15th, 2012
Comments: 2

What’s new pussycat (Celtic tiger edition)?

Back in May when Greece was in the process of getting its “bailout” I kept wondering why it had to be that Greece would accept such harsh conditions when it held an ace up its sleeve. The proposed package of austerity, which would make the economy worse, was only an issue as long as Greece […]

Posted by Marc Lee under debt, economic crisis, Europe, financial markets, fiscal policy, Greece.
November 25th, 2010
Comments: 12

The new Grecian formula: still toxic

The latest issue of the quarterly Economic Climate for Bargaining publication that I produce has just been posted on CUPE’s website. In this issue I have pieces about: the new spectre that is haunting Europe, this time of a public debt crisis impact analysis of Ontario’s HST tax reform by income group, already discussed below some analysis […]

Posted by Toby Sanger under debt, economic crisis, Greece, HST, wages.
June 18th, 2010
Comments: 3

The Greek Tragedy

The IMF staff documents relating to the “bail out” of Greece make for scary reading. http://www.imf.org/external/pubs/ft/scr/2010/cr10110.pdf The scale of the economic contraction being imposed through this “solution” is staggering. On top of 2% contraction of real GDP in 2009, there will be a decline of 9% over the next several years, with 6.6% of that […]

Posted by Andrew Jackson under Greece.
May 12th, 2010
Comments: 21