Holding to the euro, and accepting the austerity measures, is fundamentally a mechanism to punish the Greek population and transfer resources to German banks. There is no reason for the government to force its own people to live through it as a sort of morality play. Default is not the dirty word that nobody wants [...]

  The article  discusses  the two most dangerous aspects of the Autumn 2011 shock, namely: the detonating mechanism of European government debt, the explosion process of the US bomb in terms of government debts. In this context , It  anticipate  a fundamental geopolitical process for the holding of a Euro-BRICS summit by 2014. Finally, the article  focus on the means [...]

  Greece faces unacceptable conditions for a new bailout. If it defaults, the US had better be ready for the economic shock     Popular anger against conditions imposed for a bailout by ‘the Troika’ – the ECB, IMF and European Commission – mounted last week, with police called to defend the Greek parliament last [...]

  Greek opposition under EU fire The summit spent surprisingly little time on the issue that is consuming all governments: the debt crisis in Greece and the future of the euro.  The leaders are impotent, for the moment. They do not have any big decisions to take on Greece. It took the leaders just 15 [...]

  The nationalists have won — Europe’s dream is over The question facing Europeans is how to manage the now foreseeable break-up of the EU in a responsible and restrained way… The goal would be to minimise the dangers of war between states, ethnic conflict within them, and immiseration of the most defenceless: all more [...]

  The instability rocking Greece this week is the latest manifestation of a troubling new phase in the global financial crisis: political turmoil is sweeping through Europe, toppling governments and threatening to undermine efforts to rescue the financial system and, ultimately, the euro zone itself. It seems likely that Prime Minister George Papandreou of Greece will manage to hold [...]

  “ Everything is not all right. And things are going to get worse … much worse. The economy is on the threshold of calamity. Wars are spreading like wildfires. The world is on a razor’s edge…Another violent financial episode is looming. It may be triggered by economics (e.g., debt defaults and debt crisis contagion [...]

  Without sovereign control of their country’s debt, the Greek people are being punished with extortion by the ECB and IMF Greece’s general strike this week in protest against the government’s austerity programme prompted angry scenes outside the parliament in Athens. Photograph: Louisa Gouliamaki/AFP/Getty Images Imagine that in its worst year of our recent recession, [...]

Introduction: The recent rash of civilian killings by NATO forces in occupied Afghanistan raises several basic questions:  Why do US – NATO air and ground forces kill so many civilians, so persistently, over such long stretches of time, in regions throughout the country?  Why have the number of civilians killed, increased in the course of [...]

There is a growing chorus of voices, including former Latin American presidents, as well as Mexicans fed up with the war paradigm, who assert that military responses to drug traffickers are only making the problem worse. The question is, how will civil society in Latin America and the United States respond to the growing U.S. [...]