Jean-Francois Ponsot Associate Professor of Economics, Université de Grenoble (France) and Louis-Philippe Rochon Associate Professor of Economics, Laurentian University (Canada) Co-Editor, Review of Keynesian Economics ___________________ The final agreement between Greece and the Eurogroup is a disappointment for anyone who held high hopes that Greece would have taken away more
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Parchment in the Fire: Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives
Filed under: Capitalism, Crisis, Europe Tagged: Financial crisis, Iceland
Continue readingPolitical Eh-conomy: Creditors forcing rapprochement within Syriza?
I’m starting to cautiously think that the Varoufakis and Lapavitsas “approaches” to the crisis might end up not too far away from each other even though the strategic direction they have advocated is very different. The situation, especially after today’s hardening of the creditors’ stance at the Eurogroup, may simply
Continue readingParchment in the Fire: Los Indignados to Podemos
Filed under: Austerity, Crisis, Socialism, Southern Europe Tagged: Austerity, Eurozone Crisis, Podemos, Spain
Continue readingPolitical Eh-conomy: Political Eh-conomy Radio: the left in Greece and Poland
https://politicalehconomy.files.wordpress.com/2015/01/podcast-150123-poland-greece1.mp3 I’ve been visiting family in Poland for the past few weeks so, fittingly, this week’s podcast deals with the situation of the left at two opposite ends of the European periphery: Greece and Poland. My first guest is Yanis Varoufakis, professor of economics at the University of Athens and candidate for SYRIZA
Continue readingParchment in the Fire: The Syriza Challenge in Greece
Filed under: Austerity, Crisis, Eurozone crisis, Greece, Socialism, Southern Europe Tagged: Eurozone Crisis, Greece, Socialism, Syriza
Continue readingParchment in the Fire: Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian
Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian. The full extent of the Bank of England’s emergency action to prevent the collapse of the banking system is revealed on Wednesday as it releases previously secret documents detailing its frantic day to day
Continue readingPolitical Eh-conomy: Political Eh-conomy Radio: Doug Henwood on US economics and politics
https://politicalehconomy.files.wordpress.com/2014/11/podcast-141114-doug-henwood.mp3 This week, it’s my great pleasure to present a feature interview with Doug Henwood — economic analyst, author of books including Wall Street and host of the wonderful Behind the News radio show and podcast that inspired this show. Doug always introduces his show by saying his guests will be “taking a look at worlds of
Continue readingParchment in the Fire: Corrupt Spanish politics faces shock therapy from an angry electorate | Miguel-Anxo Murado | Comment is free | The Guardian
Corrupt Spanish politics faces shock therapy from an angry electorate | Miguel-Anxo Murado | Comment is free | The Guardian. Being “between Pinto and Valdemoro” is an old Spanish saying that refers to being in trouble. Now with the number of politicians being investigated for corruption in Spain nearing
Continue readingParchment in the Fire: Unions incensed after ‘surreal’ meeting – English – ANSA.it
Unions incensed after ‘surreal’ meeting – English – ANSA.it. (ANSA) – Rome, October 27 – The leaders of Italy’s four main labor union federations were incensed Monday after a meeting with government ministers, ostensibly to discuss the government’s proposed 2015 budget, turned out to be what they said was a
Continue readingParchment in the Fire: Germany needs ‘small miracle’ to avoid recession after exports fall by 5.8% | Business | The Guardian
Germany needs ‘small miracle’ to avoid recession after exports fall by 5.8% | Business | The Guardian. The fall in exports comes as sanctions between Russia and Europe and a flagging economy in the wider eurozone take their toll on Germany. Photograph: Frank Augstein/AP German exports suffered the biggest
Continue readingParchment in the Fire: Five charts that show Germany is heading into recession | Business | theguardian.com
Five charts that show Germany is heading into recession | Business | theguardian.com. Germany is on brink of recession Photograph: Bloomberg/Bloomberg via Getty Images Germany is on the brink of recession. Recovery in Europe’s powerhouse went into reverse in the second quarter when the economy shrank by 0.2%. All
Continue readingParchment in the Fire: Front National wins seats in French senate for first time | World news | The Guardian
Front National wins seats in French senate for first time | World news | The Guardian. Marine le Pen hailed her party’s success as ‘an absolutely historic victory’ and a ‘breath of fresh air in a rather sleepy chamber’. Photograph: Phililppe Huguen/AFP/Getty Images The far-right Front National (FN) scored a
Continue readingParchment in the Fire: EU Advisors Advocate use of Military Against Strikes and Protests | Global Research
EU Advisors Advocate use of Military Against Strikes and Protests | Global Research. Experts at a European Union (EU) think-tank are demanding that the EU prepare to put down strikes and protests with military force. Due to the deepening social inequality in a globalised economy and growing military conflicts
Continue readingParchment in the Fire: Italy in period of stagnation – Istat – English – ANSA.it
Italy in period of stagnation – Istat – English – ANSA.it. (ANSA) – Rome, July 31 – Italy’s recovery from its longest postwar recession is turning out to be harder than expected and the country’s economy is currently enduring a phase of “stagnation”, national statistics agency Istat said Thursday. Italy
Continue readingParchment in the Fire: Youth unemployment reaches record high – English – ANSA.it
Youth unemployment reaches record high – English – ANSA.it. (ANSA) – Rome, July 31 – Unemployment among young Italians climbed last month to 43.7%, a level not seen in 37 years, according to statistics Thursday that presented further evidence of the continuing weakness in the country’s lackluster economy. The jobless
Continue readingParchment in the Fire: Social movements in Spain – 15M
Social movements in Spain – 15M. From Revolution News Many things have changed and we need to know how to read reality and celebrate our triumphs. The emergence of the 15M movement did not result in an organisation which currently has a significant number of members. The 15M movement is
Continue readingPolitical Eh-conomy: Political Eh-conomy Radio: Updating the Global Slump with David McNally
Today I’m happy to present another in a series of feature interviews with outstanding Canadian political economists. In this segment my guest is David McNally — noted academic, activist and author. David is professor at York University and active in a number of grassroots organizations and movements in the Toronto area,
Continue readingParchment in the Fire: It’s Time To Stand Up To Troika Austerity Part II
It’s Time To Stand Up To Troika Austerity Part II. Thomas Fazi In the first part of this article I looked at the mounting evidence against austerity by organisations as varied as Caritas, the ILO, the Council of Europe and the IMF. So why is the European establishment pushing for more of
Continue readingParchment in the Fire: Thomas Fazi: It’s Time To Stand Up To Troika Austerity Part I
Thomas Fazi: It’s Time To Stand Up To Troika Austerity Part I. In my book, The Battle for Europe: How an Elite Hijacked a Continent – and How We Can Take It Back, published some months ago by Pluto Press, I argued that the austerity policies imposed on European member
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