Wednesday 21st August 2019
x-pressed | an open journal

IMF

After the sin

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After the sin

On February 1, Jerry Rice, spokesman for the IMF in Washington, admitted on behalf of the organization, that the “support” programs for Greece and southern Europe were wrong from the beginning, that they do not stabilize but finish off the respective economies, that they increase the deficits and debt burden. [...]

February 8, 2013 Author: Kostas Vergopoulos

Interview with Aditya Chakrabortty

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Interview with Aditya Chakrabortty

Some months ago, the British newspaper Guardian decided to focus on the EU periphery – the so-called PIGS of the European integration. Instead of sending just another journalist, the journal chose to assign the mission to its economics leader writer. Aditya Chakrabortty has been turned into a sort of "war correspondent" of the financial crisis [...]

January 29, 2013 Author: Aris Xatzistefanou

A rock or a hard place? The Greek plexus of power decides

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A rock or a hard place? The Greek plexus of power decides

In the early hours of December 20, a police unit drove down Acharnon, a busy thoroughfare in central Athens. Arriving at the imposing building lying at its junction with Cheyden St, they informed the occupants they would be conducting a "routine" check. Only a few hours later, the building was being emptied out, its occupants [...]

January 18, 2013 Author: Antonis Vradis

Thought it was safe to forget Greece? Think Again

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Thought it was safe to forget Greece? Think Again

Just before Christmas, I met with former Greek Finance Minister George Papaconstantinou, and he talked about how excited he was to spend the holidays abroad, where -- unlike in Greece -- he could roam freely without a security detail. His holiday didn’t go quite as expected. [...]

January 15, 2013 Author: Megan Greene

Portugal: Playing government

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Portugal: Playing government

“Perhaps the most important question one should be asking regarding the IMF report about the Portuguese State entitled “Rethinking the State. Selected Expenditure Reform Options”, is how the IMF management can carry out such a role. A second issue, more common, would be to understand why the Portuguese government is bothered with this kind of [...]

January 10, 2013 Author: Pedro Lains

Greece: The timeline of a revolution, 2008-2012

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Greece: The timeline of a revolution, 2008-2012

It all begins in 2008. The crisis has broken out in Europe but it seemed at the time as if it wasn’t concerning Greece… On December 6th 2008 at Exarchia a policeman raises his gun and kills in cold blood the 15 year old Alexandros Grigoropoulos. The news spread through the city and within a [...]

November 27, 2012 Author: Anna Papoutsi

Interview with Noam Chomsky

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Interview with Noam Chomsky

Well, I’m afraid that these are signs of desperation. The Greek population is being squeezed beyond the capacity to endure. I mean, it’s not becoming southern Africa, it’s still a relatively well-off country by international standards, but it’s being driven down to living standards of the 1960s and maybe earlier. And that’s [...]

October 13, 2012 Author: Michalis Nevradakis

Europe’s Austerity Madness

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Europe’s Austerity Madness

So much for complacency. Just a few days ago, the conventional wisdom was that Europe finally had things under control. The European Central Bank, by promising to buy the bonds of troubled governments if necessary, had soothed markets. All that debtor nations had to do, the story went, was agree to more and deeper austerity [...]

September 29, 2012 Author: Paul Krugman

The European South in flames

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The European South in flames

Huge protests in Madrid, brutally repressed, now matched by another Greek general strike. Three years of the European debt crisis are producing a social and political crisis on an immense scale, with the threat of the break-up of the Spanish state. [...]

September 28, 2012 Author: James Meadway

Portugal: The spell is broken

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Portugal: The spell is broken

It looks as if the Portuguese people have had enough of austerity. People came out in their droves last Saturday across the country under the slogan 'Screw the troika, we want our lives!'. Close to a million people protested against the government and the IMF, ECB and EU troika. [...]

September 19, 2012 Author: João Camargo