austerity

Greece’s Government and Creditors Downplay Austerity’s Effects in ‘National Tragedy’ Wildfires

August 9, 2018

Greek journalist Aris Chatzistefanou says austerity has degraded Greece’s ability to manage threats to public safety

The New York Times Editorial Board’s Incoherence on Italian Austerity and the Euro

June 4, 2018

William K. Black June 2, 2018     Bloomington, MN (Third in a series of articles on Italy, Austerity, and the euro) The New York Times’ editorial board published a May 29, 2018 editorial about Italy’s ongoing political and financial issues that praised austerity in Italy. The board cheered the anti-democratic appointment of “Carlo Cottarelli, a solidly…

Police Crack Down on Puerto Rico May Day March Against Austerity

May 2, 2018

Thousands take to the streets in Puerto Rico on May 1 as officials seek to privatize Puerto Rico’s schools and utilities

French Austerity Program Provokes Growing Wave of Worker and Student Strikes

April 7, 2018

University students and railroad and airline workers are escalating protests and strikes in France against President Macron’s austerity plans

Puerto Rico’s New Fiscal Plan Will Cause Another ‘Lost Decade’

March 25, 2018

Six months after Hurricane Maria, Puerto Rico’s new fiscal plan – which supposedly takes the hurricane’s devastation into account – will demand citizens pay off debts they cannot possibly repay, leading to deeper economic decline, says CEPR co-director Mark Weisbrot

Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption

February 21, 2018

Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea

The Free Market Threat to Democracy

February 16, 2018

Democratic institutions are not under stress–they’re under aggressive attack, as unconstrained financial greed overrides democratic decisions, says economist John Weeks

For Ordinary Greeks, Has Greece’s Battered Economy Turned the Corner?

October 18, 2017

Greece’s Syriza Government claims the economy is improving, but many Athenians do not agree

UK Household Debt has Reached Unsustainable Levels

October 8, 2017

Consumer and student debt in the UK have reached unprecedented levels and are a warning that austerity could lead to a new financial crisis, explains Edward Smythe of Positive Money

Puerto Rico Can’t Rebuild Under Debt and Austerity

October 1, 2017

Puerto Rico’s recovery hinges on reversing the neoliberal policies that crippled the island before Hurricane Maria, says economist Mark Weisbrot