Message from Spain: Greece is not alone from Acampada Córdoba... Message from Spain: Greece is not alone from Acampada Córdoba on Vimeo. ...

Struggling under an impossible burden after its IMF bailouts, Buenos Aires knew its one hope was to stop paying its debts and become a pariah – and so it proved By Heather Stewart, July 10 2011 Protesters on the streets of Athens this summer have been brandishing banners depicting a panicky helicopter airlift. Not Saigon at the height of the Vietnam war, but Buenos Aires in 2001, when Fernando de la Rúa fle ...

by Jérôme E. Roos on July 11, 2011 Economic collapse and police brutality bring back painful memories of years of military dictatorship and decades of financial hardship. Syntagma Square, Monday July 11th Like so many other words in the English language, the words trauma and crisis trace their roots back to classical Greek: τραῦμα literally means ‘wound’, while κρίσις means so much as a ‘turning point in a ...

• Bailout fund may be used to buy back Greek debt • Markets in turmoil amid escalating anxiety By Ian Traynor European leaders bowed to the inevitable and conceded that Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro. They also abruptly shifted tack in the eurozone debt crisis by raising the possibility of using the eurozone's bailout fund ...

Journalist Manolis Kypraios is now disabled because of the brutal violence he suffered at the hands of the repression organs of the State while he was covering the strike movement on the 15th of June. Specifically, a member of the riot police intentionally threw a stun grenade within inches of his head, causing total hearing loss in both ears, even though our colleague had identified himself as a journalist ...

by Jérôme E. Roos on July 5, 2011 Consumed as we may be by austerity and financial crisis, let’s not forget that the most epic battle for freedom is still being fought in the Middle East. Sometimes I wish I could lead multiple lives. Or at least work with multiple people. But since I’m still running this blog mostly by myself, I’ve had to limit myself to one specific cause, which was first the Arab Spring a ...

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By Mark Gongloff After this week’s political drama in Greece has faded, the EU and private investors still must come up with a way of rolling over Greek debt without triggering a default. And it increasingly looks like the plan being hammered out for that purpose will be bad for Greece. In a nutshell, the idea is that banks and insurance companies owning Greek debt will be able to trade half of the Greek bo ...

Only a Referendum of the People Can Stop Them Now By MICHAEL HUDSON The fight for Europe’s future is being waged in Athens and other Greek cities to resist financial demands that are the 21st century’s version of an outright military attack. The threat of bank overlordship is not the kind of economy-killing policy that affords opportunities for heroism in armed battle, to be sure. Destructive financial poli ...

By Yasmin El-Sharif and Stefan Kaiser Tough times are ahead for the Greeks, with the government raising taxes, cutting social benefits and selling off state enterprises. Berlin has led the European pack in demanding the measures from Athens. But economists say Germany would be overwhelmed if it were forced to implement similar measures. The Germans are always way ahead when it comes to austerity measures -- ...