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Book Review Adam Tooze. Crashed: How a Decade of Financial Crises Changed the World. Viking. New York. 2018 The global economic crisis is now more than a decade old, and is far from definitively behind us. Indeed, many fear, with good reason, that the recent, uneven and lethargic global recovery may soon come to an […]
Posted by Andrew Jackson under Austerity, China, debt, Donald Trump, economic crisis, economic history, financial crisis, global crisis, global imbalances, globalization, Greece.
November 2nd, 2018
Comments: 3
Jean-Francois Ponsot Associate Professor of Economics, Université de Grenoble (France) and Louis-Philippe Rochon Associate Professor of Economics, Laurentian University (Canada) Co-Editor, Review of Keynesian Economics ___________________ The final agreement between Greece and the Eurogroup is a disappointment for anyone who held high hopes that Greece would have taken away more than a mere extension to […]
Posted by Louis-Philippe Rochon under Austerity, capitalism, economic crisis, Europe, Greece, Uncategorized.
March 8th, 2015
Comments: 5
LOUIS-PHILIPPE ROCHON Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Follow him on Twitter @Lprochon ________________________ As I have said before (see here) and will say again: any solution to Greek’s tragedy, which involves keeping the Euro as a currency is a second-best solution, unless the appropriate institutional changes are adopted. Anything short of […]
Posted by Louis-Philippe Rochon under Austerity, economic crisis, Europe, Greece, Uncategorized.
February 17th, 2015
Comments: 2
This is a guest blog post from Louis-Philippe Rochon. Follow him on Twitter @Lprochon. — What a tumultuous few weeks we witnessed in Greece. Though the victory of Syriza was ill-received in particular in Germany and the European Central Bank, it was nonetheless a resounding victory for democracy. This victory may now spill into other […]
Posted by Nick Falvo under Austerity, debt, democracy, economic crisis, economic growth, Europe, exchange rates, Greece, monetary policy, progressive economic strategies.
February 10th, 2015
Comments: 4
Over at the blog of the Institute for New Economic Thinking, Ottawa U professor Mario Seccareccia has given an interview titled “Greece Shows the Limits of Austerity in the Eurozone. What Now?” The interview can be read here. Enjoy and share:
Posted by Nick Falvo under banks, budgets, capitalism, debt, deficits, deflation, democracy, economic crisis, economic history, Europe, exchange rates, financial crisis, Greece, IMF, inflation, monetary policy, recession, taxation, unemployment, wages.
February 5th, 2015
Comments: none
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: 18
Tony Blair, by any sensible yardstick, is a douchebag. Recently, The Guardian, under the headline “Toxicâ€, detailed Blair’s “downward spiralâ€. 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
An excellent commentary from Andrew Watt. Enjoy and share:
Posted by Andrew Jackson under fiscal policy, Greece.
February 15th, 2012
Comments: 2
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 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 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