austerity

Prof. James K. Galbraith: “Austerity is a theology, not a solution”

Publié le Mis à jour le

James Galbraith2

Prof. James K. Galbraith. DR.

Mohsen Abdelmoumen:You have been an adviser for Yanis Varoufakis, the former Greek finance minister, and you have related this experience in your book “Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe”. In your opinion, what are the real reasons of the resignation of Varoufakis?

Prof. James K. Galbraith: No mystery there. Yanis could not sign the capitulation to the terms specified by the creditors. So when the outcome of the referendum failed to persuade the government to stand its ground, he had no choice but to resign.   Lire la suite »

Obama Buggers Europe: Sanctions Deepen the Recession, by James Petras

Publié le Mis à jour le

Recession

Introduction: The Obama Administration actively pressured Europe to impose harsh sanctions on Russia in order to defend the violent takeover (‘regime change’) in the Ukraine. England, France, Germany and the rest of the European regimes gave in to Washington’s demands.

Russia responded by imposing reciprocal sanctions, especially on agriculture goods, and is establishing alternative trading partners and increasing trade with China, Iran, Latin America and Africa. Lire la suite »