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The Austerity Debacle

Mon, 30 Jan 2012 00:00:00 -0800

New York Times - By Paul Krugman - Jan. 30 (Opinion) - Britain is doing worse this time than it did during the Great Depression. Four years into the Depression, British G.D.P. had regained its previous peak; four years after the Great Recession began, Britain is nowhere close to regaining its lost ground.

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Assange takes chat-show job with state-funded Russian TV

Thu, 26 Jan 2012 00:00:00 -0800

The Independent - By Shaun Walker - Jan. 26 (News Report) - A TV channel funded by Kremlin will air a chat show hosted by the WikiLeaks founder Julian Assange, in an unlikely collaboration announced yesterday. Russia Today, which broadcasts from Moscow in English, said that the programme will be written and hoste

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Keynes Was Right

Fri, 30 Dec 2011 00:00:00 -0800

New York Times - By Paul Krugman - Dec. 30 (Opinion) - Once again, when politicians and policy makers decided to focus on deficits, not jobs, they proved Keynes right about a slump being the wrong time for austerity.

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Vaclav Havel, Czech leader of '89 'Velvet Revolution,' dead at 75

Sun, 18 Dec 2011 00:00:00 -0800

Los Angeles Times - By David Holley - Dec. 18 (Special Report) - Vaclav Havel, the former dissident playwright who led Czechoslovakia's 1989 "Velvet Revolution" against communism and then served as his country's president, died Sunday. He was 75.

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David Cameron’s move to save the City, not the euro

Mon, 12 Dec 2011 00:00:00 -0800

Washington Post - By Anne Applebaum - Dec. 12 (Opinion) - .. no other European capital thinks quite like London, and no other European capital will think like London anytime soon.

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Mohamed A. El-Erian: Prepare for a Different Financial Landscape

Mon, 05 Dec 2011 00:00:00 -0800

Huffington Post - By Mohamed A. El-Erian - Dec. 05 - With the European crisis continuing to dominate the news, many people now realize that today's global economy faces an unusually uncertain outlook.

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Richard Wolff: Eurozone Woes Result From Mating of Our "Dysfunctional" Political, Economic Systems

Fri, 02 Dec 2011 00:00:00 -0800

Democracy Now - By Juan Gonzalez - Dec. 02 (News Analysis) - Richard Wolff: Eurozone Woes Result From Mating of Our "Dysfunctional" Political, Economic Systems European leaders are preparing to unveil their plans for addressing the sovereign debt crisis that’s threatened to tear apart the eurozone. Both France and Germany are expected to push for changes to the eurozone treaty, including centralized oversight of national budgets and tighter reins on debt

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EU adds more sanctions against Iran

Thu, 01 Dec 2011 17:54:00 -0800

The Independent - Dec. 01 - Europe stepped up economic and diplomatic sanctions against Iran today, in a move Foreign Secretary William Hague said was not prompted by the attack on the UK embassy in Tehran. At talks with fellow EU foreign ministers Mr Hague welcomed what he describ

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'Don't kill my son. He is not guilty of bombing the metro'

Thu, 01 Dec 2011 18:26:16 -0800

The Independent - Dec. 01 - There is only one person who can stop the execution of Lyubov Kovalyova's 25-year-old son, Vladislav. Unfortunately for her, it is Alexander Lukashenko, the ruthless dictator who has ruled Belarus since 1994. He is not known for his compassion.

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News Analysis: New Warnings of Euro Zone Danger — News Analysis

Wed, 30 Nov 2011 00:00:00 -0800

New York Times - By Steven Erlanger - Nov. 30 (News Analysis) - In Europe there are growing concerns that even an aggressive intervention by the European Central Bank will not be enough to stabilize the markets and preserve the euro. Money flows, but what Euro Zone lacks is glue.

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Europe's last executioner condemns two more to a bullet in the back of the head

Wed, 30 Nov 2011 18:21:58 -0800

The Independent - Nov. 30 - With his wiry frame clad in a blue shellsuit, a disengaged expression and cropped, mousy hair, Dmitry Konovalov looks more like a playground terrorist than a real one. But a court in Belarus yesterday decided that, together with his friend Vladislav Kovalyov, he was responsible for a series of very real crimes, the worst of which was the planning and execution of a bomb attack on the Minsk metro system in April this year, which killed 15 people and injured over 200. Amid gasps of shock and cries of disgust in the viewing gallery, the pair were sentenced to death.

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French courts jail six Somali pirates for kidnapping couple

Wed, 30 Nov 2011 18:21:54 -0800

The Independent - Nov. 30 - A Paris court yesterday convicted five of six Somali men on trial for kidnapping the two-person crew of a yacht after hijacking it off the African country's coast three years ago.

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Vienna has best living standard in the world, survey finds

Wed, 30 Nov 2011 14:07:00 -0800

The Independent - Nov. 30 - Vienna has the best living standard in the world - and Baghdad the worst, according to an annual survey. Mercer consulting group also gave German and Swiss cities top rankings, putting four of them among the first five, and says European cities represent

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Germany’s Denial, Europe’s Disaster

Wed, 30 Nov 2011 02:20:53 -0800

New York Times - Nov. 30 (Opinion) - The only way to restore market confidence is with a real bailout fund financed in Europe.

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How Can Europe Possibly Save Itself?

Tue, 29 Nov 2011 00:00:00 -0800

Atlantic Monthly - By Megan McArdle - Nov. 29 (Opinion) - Well, things are getting a little gnarly in Europe. When you're down to the point of celebrating that Italy managed to place some debt at the low, low price of 7.6% . . . well, it's two for one drinks specials at the first class bar on the Titanic!

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Protester Dies In Ukraine

Sun, 27 Nov 2011 22:17:00 -0800

Radio Free Europe - Nov. 27 - To get best possible experiance using our website we recommend that you upgrade to a newer version or other web browser. A list of the most popular web browsers can be found below. Just click on the icons to get to the download page Radio Free Europe / R

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Boring, Cruel Euro Romantics

Mon, 21 Nov 2011 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 21 (Opinion) - There’s a word I keep hearing lately: “technocrat.” Sometimes it’s used as a term of scorn — the creators of the euro, we’re told, were technocrats who failed to take human and cultural factors into account. Sometimes it’s a term of praise: the newly installed prime ministers of Greece and Italy are described as technocrats who will rise above politics and do what needs to be done.

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Op-Ed Columnist: The Technocratic Nightmare

Fri, 18 Nov 2011 00:00:00 -0800

New York Times - By David Brooks, New York Times - Nov. 18 (Opinion) - The European Union is an attempt to build an economic and legal superstructure without a linguistic, cultural, historic and civic base. No wonder it’s in crisis.

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Eurozone's woes could damage U.S.

Wed, 16 Nov 2011 00:00:00 -0800

The Politico - Nov. 16 (News Analysis) - President Barack Obama and the Republicans hoping to unseat him face a dangerous game of Jenga with the European debt crisis. One false move could cause the building blocks of the global economy to tumble down, perhaps knocking out the shaky American recovery

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Parkinson's 'linked with solvent'

Mon, 14 Nov 2011 04:57:00 -0800

BBC News - Nov. 14 - 13 November 2011 Last updated at 23:57 ET By Neil Bowdler Health reporter, BBC News A doctor examines the hands of a man with Parkinson's disease An international study has linked an industrial solvent to Parkinson's disease. Researchers found a six-fold

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Leaders: Free Trade In Asia-Pacific Vital To Recovery

Sun, 13 Nov 2011 00:00:00 -0800

Associated Press - Nov. 13 (News Analysis) - The plan to forge a Pacific free trade area got a big boost Sunday when leaders of Canada and Mexico joined Japan in expressing support for a deal that has received a cool reception from rising power China.

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Op-Ed Columnist: Legends of the Fail

Thu, 10 Nov 2011 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 10 (Opinion) - With Italy following Greece off a cliff, it’s hard to see how the euro can survive. Now that the euro project is on the rocks, what lessons should we draw?

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Wall Street v. Greece: G20 Opens as Greek PM Pushes For Referendum on Bailout and Austerity Measures

Thu, 03 Nov 2011 00:00:00 -0700

Democracy Now - By Amy Goodman - Nov. 03 (News Report) - World leaders are gathering in Cannes for the opening of the Group of 20 summit today. On the top of the agenda is the Greece bailout and the European debt crisis. On Monday, Greek Prime Minister George Papandreou angered many European leaders by announcing his support for a popular referendum — allowing the Greek people to decide if they want to accept the conditions of the $179 billion European Union bailout. After days of increasing criticism from European leaders, Greek Prime Minister George Papandreou is now facing calls from within his party to resign. The Greek debt scandal has also pitted U.S. banking interests against France, Germany and other European powers. "The Americans are putting immense pressure on Europe saying, 'We will wreck your economy if you don’t wreck Greece's economy,'" says economic analyst Michael Hudson. President Obama is “basically telling Europe, ‘Don't go the democratic route, support Wall Street.’” [Transcript to come. Check back soon.]

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The euro crisis: Eurodoom

Wed, 02 Nov 2011 00:00:00 -0700

Economist - Nov. 02 (Editorial) - I suppose it's worth mentioning that Europe is back to crumbling before our very eyes. Late yesterday, the prime minister of Greece announced a plan to hold a referendum on the newly negotiated rescue deal. I'll let Roberto Perli, from the International Strategy and Investment Group, explain the political dynamics: Papandreou’s motives are understandable: So far the opposition has provided no support for the measures that he has been forced to push through, and he and his party have been left alone facing the public anger.

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France, Islam and the banlieues: a debate on the place of Islam and class in the suburbs

Tue, 01 Nov 2011 00:00:00 -0700

The Guardian - By Michèle Tribalat, Gérard Mauger - Nov. 01 (Opinion) - In an effort to allay concerns about Islam in France, policymakers and analysts have either tried to play down its importance or sought to blend it into the landscape. Islam is often portrayed as an integral part of French history: its presence simply follows on from ancient history. The basis for this argument is shaky, for it refers to an era when Christendom – not yet referred to as the west – was in retreat, driven back by the force of Islamic arms.

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