Economist Heiner Flassbeck holds the German wage policy responsible for the problems of Greece. Interview with Heiner Flassbeck by Bernd Kramer Neither the drastic Greek austerity program nor the proposed European Monetary Fund can help the euro zone out of its difficulties.  Instead, Heiner Flassbeck calls for higher wages in the Federal Republic of Germany [...]

Cry Wolf but do not ignore Tomorrow’s Tigers “That’s not only a Greek tragedy.  If Europe cannot agree on a concerted action with explicit decisions about wage adjustment paths for many years, indeed for decades, to rebalance its trade, all of the so-called PIIGS countries mentioned above will have to consider opting out of the [...]

A Tipping Point of Europe “The austerity measures imposed on Greek workers to reduce the deficits are nothing but a prelude of what may happen to the other European countries.  The Greek crisis demonstrates the divisions in the ruling class on the strategies to adopt. The Greek crisis is indicative of the situation in several [...]

by Gervasio Umpiérrez by Gervasio Umpiérrez Gervasio Umpiérrez is a cartoonist based in Montevideo, Uruguay.  This cartoon was featured on the home page of Rebelión on 13 March 2010. Send article as PDF to