reuters.com By Jan Strupczewski BRUSSELS (Reuters) – Throughout Europe’s debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries’ problems, and the notion of “taxpayer-funded bailouts” has taken root. Yet despite three-and-a-half years of debt and banking turmoil, with bailouts totaling more than 400 billion euros, northern euro zone taxpayers have not actually lost a cent.
http://fortune.com/ Economist James Galbraith recently spent a week with Greek finance minister Yanis Varoufakis. He shares with Fortune what he learned while looking at the nation’s fiscal crisis from the inside. Is Greece’s fate in the hands of Angela Merkel? One leading economist with close ties to Greek finance minister Yanis Varoufakis says that the primary obstacle to compromise is a dramatic division within the German government, with one faction
http://www.nytimes.com/ Paul Krugman How Righteousness Killed the World Economy Stop me if you’ve heard this before: The world economy appears to be stumbling. For a while, things seemed to be looking up, and there was talk about green shoots of recovery. But now growth is stalling, and the specter of deflation looms. If this story sounds familiar, it should; it has played out repeatedly since 2008. As in previous episodes, the worst
http://www.nytimes.com/ Scanning a map of the world must give President Obama a sinking feeling as he contemplates the dismal state of troubled bilateral relationships his administration has sought to turn around. He would be smart to take a hard look at Cuba, where a major policy shift could yield a significant foreign policy success. For the first time in more than 50 years, shifting politics in the United States and
http://www.theguardian.com/ Alexis Tsipras says outcome of the vote robs government of any ‘political or moral legitimacy’ to continue with austerity policies The election marked a turning point for Greece on Sunday with voters delivering a resounding victory for the radical left Syriza party while sending at least three neo-nazi Golden Dawn members to Brussels.
http://dealbook.nytimes.com REYKJAVIK, Iceland — An angular glass building on the waterfront here used to be the headquarters of a banking giant with operations in Europe, North America and the Middle East. Now, it houses a shadow of that behemoth — a small bank doing business only in Iceland and lacking both the trading culture and ambitions of its failed predecessor.
http://www.nytimes.com DURHAM, North Carolina — Late one afternoon in March, officials unveiled a new monument at the University of the West Indies, in Cave Hill, Barbados. The ceremony featured African drumming, a historian’s lecture, a bishop’s prayer and a song performed by a school choir with the chorus, “We cry for the ancestors!”
http://www.nytimes.com By WILLIAM R. RHODES The euro zone’s political leaders and senior European Commission officials have drifted off for their summer vacations, apparently confident that the European Central Bank will guard against August surprises and hopeful that September’s German general elections will be followed by a wave of German generosity that will restore the region’s economic stability. The perspective from New York is one of rising disbelief in the complacency
Πηγή: ethnos.gr Στην πιθανότητα αλλά και τις συνέπειες της εξόδου της Ελλάδας από το ευρώ αναφέρονται σε δημοσίευμα τους οι Financial Times, υποστηρίζοντας πως η επιστροφή της χώρας στο εθνικό νόμισμα «θα έφερνε μεν ύφεση στην Ελλάδα, ωστόσο η απόσβεση του χρέους εν τέλει θα οδηγούσε την οικονομία στην ανάπτυξη».
Doctor: Anarchist Greek hunger striker at ‘final stage’ of life By Derek Gatopoulos, The Associated Press July 10, 2013 ATHENS, Greece – A doctor monitoring the health of an anarchist hunger striker jailed on terrorism charges said Wednesday the man is at the “final stage” of life and appealed to the government to secure his release